With U.S. paper money imprinted with the declaration, "this note is legal tender for all debts, public and private", when can a business or government office refuse to accept cash payments. This can be a touchy situation. I’m just annoyed at the fact that she had a card, that took less time to get out than all her coins, very obviously saw the sign, but decided to make a … Businesses … Claim: U.S. Treasury Law Says It Is Unlawful For Businesses To Refuse TO Take Cash "It means if you have a court awarded debt against you, if someone tries to settle and they're paying in legal tender you cannot refuse it. – user6204 Jul 11 '12 at 15:39 | It is illegal to refuse legal tender for a debt. We were completely within our rights. Therefore, a business that accepts only checks or credit must post a notice indicating this, so that the customer is aware of the fact prior to making payment. The belief that cash is "legal tender" and can't be refused by any business is very widespread. Imprinted on each bill is this notice: “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE” Observe the word, “debt.” Which facially means you owe somebody money, but there is more to it, than that. >> I think it is important to call out that refusing currency for a debt is not illegal in the sense that you will be fined or imprisoned. Even before the coronavirus, more and more restaurants and stores were going cashless, in … Don't know the answer to your question but I've read before about bus drivers refusing to take more than 20p in coppers as this wasn't legal tender (was … Well, not all debts, as it turns out.. It is technically illegal to refuse legal tender (cash) for services already rendered, though it is not illegal to refuse it for services not yet rendered. Yes, cash is legal tender, but the only time you can’t refuse it is if the person is paying a debt. UK Yes it is perfectly legal to refuse cash - if it is not in line with the Coinage Act. If legal currency was refused, a judge can (and most likely will) wipe the dept clean. However, it's simply not true in Australia. Legal tender has a strict definition. The message on your greenbacks would seem to be unequivocal: “This note is legal tender for all debts, public and private." There are two reasons that a business can reject cash even if it is “legal tender for all debts public and private.” ... they have the legal right to refuse US$50 and $100 bills.
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