Can a shop refuse to take a 50 pound note?

A shop owner can choose what to accept. If you want to pay for a pack of chewing gum with a £50 note, it is perfectly legal to turn you down. Likewise for all other banknotes, it is a matter of discretion.

Can places refuse a 50 note?

Yes. A shop is under no obligation to sell you anything, nor to sell it to you at the price on the label.

Do shops accept paper 50 notes?

Old £20 and £50 paper notes stopped being legal tender in the UK on 30 September 2022. This means you can't use them in shops or as payment any more.

Are 50 pound notes banned?

This note replaces our paper £50 note which was withdrawn from circulation after 30 September 2022. You may be able to deposit withdrawn notes at your own bank or with the Post Office. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England.

Do supermarkets accept 50 notes?

Many self-service checkouts do not accept £50 notes due to concerns about counterfeiting and the need for high-value change. However, some newer machines, especially in supermarkets like Tesco, Sainsbury's, and Asda, do accept them, particularly if they have updated banknote validators for polymer notes.

Fake £20 Pound Note Quick Check Lance Dougall

Do Tesco accept 50 notes?

Yes but don't be offended when the cashier takes some time to make sure it's real.

Does McDonald's accept 50 notes?

"Unfortunately, in the past we have had people chancing their luck with fake notes so we have to take care with high value money. "Thankfully, we don't get customers using £50 notes very often. "On each occasion our staff use their judgement and in this case they chose not to accept it.

Do M&S accept 50 notes?

Shoppers who use £20 or £50 notes have been given a six month warning. A warning has been issued to anyone who still uses cash to pay for their shopping. If you use the wrong notes at shops like ASDA, Tesco, Aldi, M&S or Morrisons from September, your transaction will be rejected.

Are 50 pound notes rare?

According to the Bank of England's latest statistics, a total of 344 million of them, with a combined value of £17.2bn, are in the system. While this makes them the least used notes in transactions, it means they are only slightly less common than £5 notes. There are 396 million £5 notes in circulation.

Is there a 100 pound note in England?

£100 notes have not been issued by the Bank of England since 1945, but they are issued by some banks in the Channel Islands, Scotland and Northern Ireland.

Can shops refuse ripped notes?

It is down to the discretion to any shop. as to what form of payment they accept. For example, they can refuse 50 pound notes. Many people think that it's legal tender, but that's not how legal tender works.

What is the highest pound note in the UK?

The Bank of England £100,000,000 note, also referred to as Titan, is a non-circulating Bank of England sterling banknote used to back the value of Scottish and Northern Irish banknotes. It is the highest denomination of banknote printed by the Bank of England.

Will petrol stations accept 50 notes?

"legal tender" is anything that can be used to pay a court debt. Shops are under no obligation to accept it, and can accept payment however they choose. That also means they can reject payments however they choose.

Will a post office change a 50 note?

Is there a limit to how much I can exchange in branch? Yes. You can exchange up to £300 of paper banknotes in any £5, £10, £20 and £50 denominations of the last series at participating branches within any two-year period. Our system will let you know if you've reached the £300 limit.

Can you still spend the old 50 note?

What about old banknotes? Figures from the Bank of England show that in April 2023, there were still 445 million old paper banknotes in circulation in the UK, worth almost £9 billion, even though the old paper £20 and £50 notes stopped being legal tender in October 2022.

Can shops refuse 50 pound notes?

' Most people think this means the shop is obliged to accept the payment form. But that is not the case. A shop owner can choose what to accept. If you want to pay for a pack of chewing gum with a £50 note, it is perfectly legal to turn you down.

What UK notes are rare?

£10 Polymer Banknotes

The £10 note with the lowest serial number AA01 000010 sold for an incredible £7,200. Other notes that fetched hefty sums were AA01 000011 and AA01 000014, selling for £5,200 and £3,500 respectively.

How to check a genuine 50 pound note?

On the £20 and £50 notes there is a second, smaller window in the bottom corner of the note. Below the main see-through window on the front of all the notes, there is a silver foil patch containing a hologram. When you tilt the note from side to side, the words change between the value of the note and 'Pounds'.

Can McDonald's refuse 50 pound notes?

Can shops refuse to take a £50 note? Yes, because in a shop you have not entered into a debt situation. In England and Wales*, £50 notes are legal tender, but legal tender has a narrow and specific definition.

Do greggs accept 50 notes?

Conversation. It's currently our policy not to accept £50.00 notes (English, Northern Irish or Scottish inclusive) in our shops.

Why don't shops like 50 notes?

Shops tend not to accept them because there are so many forgeries out there. It was the same with £20 notes a couple of decades ago when they were "rare" - lots of shops wouldn't take them. Fifties are seen so infrequently that you don't know if it is a forgery or not.

Do Wetherspoons accept 50 notes?

Hello Dougie, I am very sorry to learn about your bad experience in our pub about not accepting £50 notes. This is a company wide decision taken some time ago which all JDW pubs have to adhere to.

Will Aldi accept 50 notes?

The Bank of England has given a September 30 deadline whereby paper £20 and £50 notes will no longer be accepted. It means shoppers using paper notes to pay for items in stores such as Tesco, Asda, Aldi, Lidl and M&S will have their payment rejected. The paper notes in current circulation were first issued in 2007.

How long do you have to wait for McDonald's before it's free?

Drive-thru customers are handed timers after they've paid for their orders, and then the countdown begins. If the food isn't ready in one minute or less, the customer will receive a lunch item for free on a future McDonald's visit.