Can shop in EU refuse to accept a banknote if there is no change?
The EC’s 2010 recommendation explicitly states”The acceptance of euro banknotes and coins as means of payments in retail transactions should be the rule. A refusal thereof should be possible only if grounded on reasons related to the ‘good faith principle’ (for example the retailer has no change available).”
Are 100 euro notes accepted?
The €100 and €200 banknotes of the first series, like all the other denominations, will remain legal tender. They will continue to circulate alongside the new notes and will be gradually withdrawn from circulation.
Are 500 euro notes still valid?
€500 banknotes are no longer issued
Existing €500 banknotes continue to be legal tender, so you can still use them as a means of payment and store of value (i.e. spend and save them). Similarly, banks, bureaux de change and other commercial parties can keep recirculating the existing €500 notes.
Where can I change a 500 euro note in UK?
Most high-street banks will accept €500 notes from customers, on the basis that if there are any problems with the notes they know where you live. Some bureaux de change will also change them.
Is it legal to refuse cash payment UK?
In the UK it is not illegal for businesses to refuse cash as payment and, in the same breath, it’s not illegal for them to refuse card payments, either. The only situation where this isn’t the case is when a business is accepting payment for a debt.
Do shops accept 200 euro notes?
Yes the €500 notes, €200 AND €100 notes will be a big problem. They will not be accepted in retail outlets and you will even have difficulties in banks with the larger denominations.
Does 200 euro note exist?
The old notes are gradually being withdrawn from circulation by the central banks, but first-generation euro banknotes will remain valid. The €100 and €200 notes have a “satellite hologram” on the front top right.
Can shops refuse card payments?
Can businesses refuse to accept cards? Any business is within its rights to refuse a method of payment.
Can a shop refuse a 50 pound note?
A shop owner can choose what payment they accept. If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. Likewise for all other banknotes, it’s a matter of discretion. If your local corner shop decided to only accept payments in Pokémon cards that would be within their right too.
Can a shop refuse cash Ireland?
It’s legal tender.
Businesses, such as shops and restaurants, cannot refuse cash, unless both they and the customer have already agreed on another way of paying.
What’s the biggest euro note?
500 euro note
The 500 euro note is the largest denomination currently across the common euro currency zone, and the ECB argued that it is the banknote of choice among criminals.
Is there a hundred pound note?
The £100 note is currently the largest denomination of banknote issued by The Royal Bank of Scotland. The current Ilay series of banknotes was first issued in 1987. These banknotes feature a portrait of Lord Ilay, first governor of the bank, on the front. Lord Ilay’s image is also used as a watermark on the notes.
Are 50 euro notes accepted?
In March 2022, there were about 13,819,000,000 fifty euro banknotes in circulation in the eurozone.
50 euro note.
| (European Union) | |
|---|---|
| Material used | 100% pure cotton fibre |
| Years of printing | 1999–2015 (1st series) Since 2015 (Europa series) |
| Obverse | |
| Design | Window in Renaissance architecture |
Where can I change 200 euro notes?
Euro. You have one or more high denomination banknotes (€500, €200 or €100) and you would like to exchange them for lower denominations: you can call in at a Banque de France cash centre open to the public.
Do euro notes go out of date?
Alabastron, Old Euro notes can still be used as legal tender everywhere. There is no need to exchange them. Fortunately the European Central bank didn’t do it like you guys did it in the UK when the new notes came out recently.
Is 2002 euro notes still valid?
1. Re: Euro notes of 2002 valid? Yes, they’re still valid – they don’t have an expiration.
Where can I change old bank notes?
Take them to the Post Office
You can deposit out of date banknotes or coins into your bank account through your local Post Office indefinitely.
Can old notes still be exchanged?
Exchanging old notes
You need not visit the branch of the bank where you have an account in. If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days.
Can you use old 20 notes in shops?
You are free to keep spending your paper £20 and £50 notes as normal until 30 September. If you still have some left after 30 September you do not need to worry, as you will be able to exchange them with the Bank of England. The Bank of England website says: “You can always exchange withdrawn notes with us by post.
Do shops accept ripped notes UK?
Damaged notes can be accepted safely where there is less than 20 per cent of the note missing or affected by heat, regardless of whatever other damage there is to the note. If you believe that 20 per cent or more of the note is missing, you should refuse to accept the note on the grounds that it is incomplete.
Are banks required to accept mutilated currency?
Currency mutilation can occur from fire, misuse, or even deterioration from burying money. The Federal Reserve does not accept deposits of mutilated currency from banks. In this case, special examination is required by pros at the Bureau of Engraving and Printing (BEP) before any exchange is made.
Will banks accept damaged notes UK?
Anyone with a damaged note can apply to the Bank of England to exchange it. Claimants must fill in a form and send it, along with the bank note, in the post. It is then assessed by the Bank and claims are paid directly into the applicant’s bank account, if successful.
Can you accept taped money?
If it’s ripped into two pieces, tape them back together and take the bill to a bank, where they will make sure the serial numbers on both sides of the note match and give you a new one. As long as three-quarters of a bill are intact, you can exchange it for a whole bill.
Do stores accept ripped money?
Under regulations issued by the Department of the Treasury, mutilated United States currency may be exchanged at face value if: More than 50% of a note identifiable as United States currency is present.
Can I take my ripped money to the bank?
What do you do with damaged cash? Banks can exchange some mangled money for customers. Typically, badly soiled, dirty, defaced, disintegrated and torn bills can be exchanged through your local bank if more than half of the original note remains.
Can bank accept torn notes?
According to the new rules by the RBI, mutilated currency notes can be exchanged by the bank and no one can refuse to exchange. If you have tape pasted or mutilated notes and you are unable to use them, RBI has made rules to replace them. The torn notes are of no use and nor does anyone take them.
What is note refund rules?
For all notes above ₹20 denomination, full value would be refunded if the area of the single largest undivided piece of the note is more than 80% in size. However, if it is 40-80%, half the value will be payable. You will not get any exchange value if the piece of note is less than 40% in size.
Can bank accept Coloured notes?
(d) All Bank notes with scribbling / stain (including colour stain) on them continue to be legal tender. Such notes can be deposited or exchanged in any bank branch.