Can you refuse to accept pennies?

While federal law states that coins are legal tender, it does not compel anyone to accept them. If a business doesn’t want to take pennies — or a $100 bill, for that matter — it has a legal right to refuse them. Sales tax raises the price of an item to an uneven amount, requiring pennies to be given in change.

Can you pay a bill in all pennies?

Nope! Pennies are legal tender, so it is perfectly legal. PLEASE NOTE: THAT IT’S NOT AGAINST THE LAW FOR BUSINESSES TO REFUSE PAYMENTS for goods and services if you’re trying to pay entirely in pennies.

Can you pay in all coins?

5103, 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. All this means is that the US Federal Reserve system must honor all US currency.

Can your employer pay you in pennies?

Asked in an email message if it was legal to pay an employee in dirty, grease-covered pennies, Eric R. Lucero, a spokesman for the U.S. Department of Labor, wrote, “There is nothing in the regulations that dictates in what currency the employee must be paid.”

Does a business have to accept pennies as payment?

There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise.

Is it illegal to pay a fine in pennies?

Yes, pennies are legal tender, but, as the Department of the Treasury points out, there is “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.”

Is it illegal to not pay someone?

Failing to make a payment on time or not paying at all would be a violation of state or federal labor laws. Even if your employer has fired you, or you quit the job, your employer must pay you for the work you have done, even if the final paycheck is deferred until the next normal payday.

Can a company refuse to take payment by credit card?

Can businesses refuse to accept cards? Any business is within its rights to refuse a method of payment. The question is whether this will affect their custom by doing so, especially as the use of non-cash payments is growing fast.

Is it legal to refuse to accept pennies?

While federal law states that coins are legal tender, it does not compel anyone to accept them. If a business doesn’t want to take pennies — or a $100 bill, for that matter — it has a legal right to refuse them. So why does the government keep the penny around?

What happens if you refuse to pay with cash?

Points to Remember When Paying With Cash. Refusal of Cash Does Not Erase a Debt: Absent a law that specifically imposes a consequence on a payee for refusing cash, a refusal to accept cash will not impair the payee’s right or ability to collect a debt.

Can a private business refuse to accept cash?

State Law May Require a Private Business to Accept Cash. Although as a general rule a private business may restrict or refuse to accept cash payments, at times states will mandate that a business accept cash or limit any restrictions a business may impose on cash payments.

Do businesses have to accept pennies as legal tender?

However, there is no federal law that requires a business or municipality to accept pennies for payment. Just because it says legal tender does not mean a business or other entity is required to accept it. Many businesses refuse to take anything over a $20 bill – completely legal.