Is it illegal to not accept $50 bills?

Yes, U.S. currency of any denomination is “legal tender FOR ALL DEBTS, public and private.” But when you go into a store you (normally) don’t owe them anything. In that case, it’s more like a barter transaction: Your currency for their soda. Meaning that they can refuse to take “your currency.”

Do stores accept 100 bills?

You might have heard someone in a shop say: “But it’s legal tender!”. Most people think it means the shop has to accept the payment form. But that’s not the case. A shop owner can choose what payment they accept.

Will fast food take 100 bills?

McDonalds (or other fast-food outlets). Gas stations should be able to handle $100 unless they explicitly say they cannot or do not. The local post office should be able to help, though not first thing in the morning. Truck stops will be able to break $100.

Are pennies legal currency?

A penny is, after all, legal tender. 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. Foreign gold or silver coins are not legal tender for debts.”

Is throwing money away illegal?

Is it illegal in other countries? Burning money is illegal in the US, as it’s against the law to do anything renders a note unfit (so destruction isn’t allowed either). In Canada, it is legal to burn or destroy paper currency, but against the law to deface or melt down a coin.

Do stores still accept old 100 dollar bills?

Originally Answered: Can I still use an old 100 dollar bill? Yes – they remain valid indefinitely. However, a shop might refuse it because they don’t recognise it and think it might be a fake. You may have to take it to your bank and get them to change it for a current one.

Does Chick Fil A accept $100 bills?

Does Chick-Fil-A accept 50 or 100 dollar bills? It’s usually fine to pay with 50 or 100 dollar bills at Chick-Fil-A, especially when it’s crowded and there’s enough cash to give you back. Even though it’s rare for them to not have change from a 50 or 100 dollar bill, exceptions are possible.

Can you pay with a 100 dollar bill at In N Out?

3. Did you enjoy your service at In-N-Out? That employee will be watched to make sure he or she puts the tip in a donation fund for the In-N-Out Foundation for kids. Even when a 70-year-old man takes your hand, asks you out and offers you a $100 bill — yes, it has happened — you can’t take it.

Can a convenience store refuse to accept a $100 bill?

For example, convenience stores may refuse $100 bank notes if they feel that would put them at risk of being counterfeit victims […] What is interesting about what I found out, is that legal tender cannot be refused if it is in repayment of an existing debt (i.e. not a store transaction for which there existed no previous debt).

Is it legal for a small business to accept dollars?

Federal law makes U.S. currency a legal tender for paying debts. And as a small business owner, you must accept dollars for your products or services. However, it doesn’t mean it has to be paper dollars. You can accept electronic dollars as payment, too.

Can a business refuse to accept electronic dollars?

You can accept electronic dollars as payment, too. Can a business refuse to accept cash under federal law? According to the Federal Reserve System, 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.

Can a retailer legally refuse to accept certain denominations of money?

If the retailer wants to go to the lengths of refusing certain denominations to protect themselves from counterfeit currency, they are fully within their rights to do so. The “Legal Tender” pageon Wikipedia says this about Canadian bills: Retailers in Canada may refuse bank notes without breaking the law.