Discussion in 'Coin Chat' started by saltysam-1, Jul 13, 2016.
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I dont think we've see anything yet, a man tried to pay his mortgage with cash; 1750 dollars; the bank refused, this is a bad example, but I've had people at gas stations give me change with 2 dollars for 2 quarters.
Good point, I worked as a cashier at two nationally recognized corporations awhile back and never received any info regarding that
I took it for him, it was a silver certificate.
While clerks do not need to accept currency for a purchase, a bank refusing currency for a mortgage is technically a crime. All currency is legal tender for any debt. A bank refusing currency for that debt runs the risk of a court rendering that debt null. At a minimum, any court would say that the borrower attempted to make a legal payment on the debt, and since the bank refused, the bank is unable to charge any penalty or interest on the "missed" payment.
Is it a "sad situation"? Not in my opinion. When running a business it's up to the proprietor as to what "risk" level s/he is will for their employee's to accept with forms of payment.
Do they accept checks? From Homeless people?
Would they accept a $100 for a $5 cup of joe?
If folks want this situation to change, then monetary matters need to move back into the education programs such as what existed when I was a kid in addition to ending this foolishness with having dollar coins and dollar bills.
Can you post a link to this "story"? Hopefully it would provide some "details" which, again hopefully, didn't amount to $1750 in cents.
It quickly became evident that not only was she never taught about fractions, but nothing about measurements, or money to boot.
I asked her how she could ever become a nurse and not know simple math and her response was that she was going to change her major to teaching. I laughed so hard I think I embarrassed her.
Exactly! I think businesses should also take the time to teach their employees how to show up for work on time and how to correctly roll a joint.
I completely agree that the law says all currency is legal tender for a debt. But any business has the right to refuse cash as payment any time they like.
I had to go back and read this three times before I saw it as "Kennedy dollars" rather than "Kennedy halves". "Hmm, I've occasionally seen $20 rolls of halves, but never $25..."
In my defense, bedtime and the morning alarm were very close neighbors last night.
It's legal tender. What is their problem?
What about a bank who refuses to give you cash on the spot for the coins, and which says they will need to ship them out for counting, and that it "will take 7-10 days for us to credit your account?"
I would say its shady if they didn't tell you that up front. If they had no sign saying that, I would demand my change back if it bothered you.
All of the banks I deal with have change counters right in the bank, so I have never experienced this.
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