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Senor Ernesto | Can a convenient store legally refuse to break a 100 dollar bill? |
I constantly see "No bills over 50!" at convenient stores. Is this legal? They can just make their own laws? Disregarding " THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE" |
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stephen h
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When it comes to cash, from pennies to the big bills, the retailer is free to decide what to accept and what to reject.
In addition, despite urban legend, Title 31 (Money and Finance), Subtitle IV (Money), Chapter 51 (Coins and Currency), Subchapter I (Monetary System), Section 5103 (Legal Tender) of the United States Code states:
United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.
What this statute means, in the words of the United States Treasury, is that "[A]ll United States money . . . is a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal law mandating that a person or organization must accept currency or coins as for payment for goods and/or services."
So, you can pay for your slim jim and slurpee and smokes and roller dog in pennies, but the store is under no obligation to take them. |
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wofford1257
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yes they can but most can make change for bigger bills but you have to wait the safe will only let go of about 20 bucks every 10 minutes. this is all to stop people from robbing the store most carry less than a 100 in change so they dont lose alot if the get robbed |
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wizard
 |
Unfortunately yes:
"There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. " |
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jboogey
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Yes they can and clearly they do. They can accept or refuse any type of payment. It is for their protection. I used to work for a restaurant and you'd be surprised how much counterfeit passed through. |
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Simon
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I think they can just like the taxi companies they don't accept over $20. |
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♫Rock'n'Rob♫
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Many convenient stores only keep a small amount of cash in their registers. To keep people from robbing them. Many convenient stores don't even have $100 in their drawer. Many convenient stores will drop anything $20 or more in a safe. So to answer your question if they don't have enough money in their drawer to give you change they have to refuse to break $100 bill. |
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Chigga
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Any business has the right to refuse service for whatever reason they see fit, this includes not accepting $100s. |
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rhsaunders
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Technically, no, but there are legitimate security issues involved, so raising a stink about it will avail you little or nothing. Just be sure to carry some smaller bills -- I use 20's for almost everything, because that's what the ATM gives out. |
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monger187
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You saw 30 Rock last week, too, huh? |
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charmed4412
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They can if they do not have the change for it.. |
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maddielexi4
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I guess so. It's for their protection. I also noticed that my Domino's Delivery Guy's car says that they don't carry anything over a $20. |
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Broadsword
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I don't know about the legality of the subject. But, if you think about it, it is intelligent to not allow them because they immediately are placed into the safe via a slot. And if the cashier makes change then leaves the cash register short on cash making it difficult to impossible to pay customers what they owe them creating more debt on the convenient store side, and that doesn't make for good business practice. |
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MikeyMike
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I refuse them all the time, we have gotten two fakes in the last year. But, it is still polite to excercise discretion, if someone is buying $75 dollars worth of stuff it's usually not a fake, as most people with fakes tend to want to spend minimally so as to recieve clean, untraceable cash in return. |
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ChristmasLightGuy
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Yes. A private business has the right to refuse service to anybody for whatever reason they deem. If you do not like it, you will have to sue them.
In order to sue them, you would have to purchase an item, attempt to pay with a large bill. Be refused, then arrested for non payment (if you get arrested for anything else, you will not have a case).
Then you need to find a crummy lawyer that will take your case and win. |
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Brad
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Yes, they are a privately owned business, and can refuse a service anytime they want. All that the statement on the bill means is that "THIS IS MONEY". If I own a carwash and you drive up and scream "THIS IS A CAR" that doesn't mean I have to wash it. Many stores no longer keep enough in the register to break a $100 bill. |
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Rob D
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It is ILLEGAL to refuse to accept US currency as payment. However, a merchant is not required to accept particular denominations. While the reasoning is different, this is no different than a vending machine that requires specific coins or exact change. |
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spaceyinla
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its not a law, but they can refuse it...some stores carry minimal cash, to avoid robberies, so they cannot always break large bills. Its basically like walking into a store and seeing a sign that says "we reserve the right to refuse service to ANYONE"...that is their right. no need in trying to argue with them, its their policy, not yours. and you have the choice not to shop there. |
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Michael L
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Um yes they can you are on their property; purchasing their goods. They can decide what they take... what if you were having a yard sell and someone wanted to pay with all pennies. Do you have to accept it?? You wouldn't do it so why are you so self centered that you think that they have got to do what ever you want them to do. |
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monetspicasso
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they can do whatever the hell they want to do |
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