Reply to: And now they want to steal our cash...

[AtW]

This might help:

Where does CUK fit into all this?

[DimPrawn]

Before they promised to pay in gold, and now they don't even want to pay anything...

This might help:

[SueEllen]

One of the reasons I try to pay by card these days. I touch very few £1 coins.

I don't understand why smaller retailers won't take card payments below a few pounds. Handling cash costs money. And then there is a chance you will get a few fakes.

Link removed as in this case knowledge isn't power.

Business banking tariffs in this country are odd.

It's still cheaper to walk to the sub-post office every day with the cash takings then to hire all the equipment and pay the charge per transaction on very small payments. (I've looked into this for other people.)

In countries that are cashless they don't have free consumer banking so the customer pays for using their card. Either each time, in a monthly account fee or above a certain number of monthly transactions.

[BrilloPad]

Silly cos then they will just use smaller notes and coins.

Loads of one pound coins are fraudulent in the UK. Once I knew what to look for I off loaded all found, which as it's illegal I won't tell anyone else what to look for.

How can I spot a fake £1 coin? - Telegraph

One of the reasons I try to pay by card these days. I touch very few £1 coins.

I don't understand why smaller retailers won't take card payments below a few pounds. Handling cash costs money. And then there is a chance you will get a few fakes.

[LondonManc]

Scottish notes are legal currency, but aren't legal tender.

Legal tender simply means that if you pay your debt in legal tender, then you cannot be sued for non-payment. Since the bus driver refused entry, there was no debt, so even if it had been legal tender, he'd have been under no obligation to accept it.

Restaurants, garages and other places where you typically receive the service before paying are a different matter.

Thank you Steve Davis.

[SueEllen]

Think it is the yanks that want to get rid of the 500 euro as it is the note of choice used in dodgy transactions

Silly cos then they will just use smaller notes and coins.

Loads of one pound coins are fraudulent in the UK. Once I knew what to look for I off loaded all found, which as it's illegal I won't tell anyone else what to look for.

[Troll]

I'm surprised the article didn't mention some European body wants to get rid of the largest denomination note in every currency so it's harder to launder money.

Think it is the yanks that want to get rid of the 500 euro as it is the note of choice used in dodgy transactions

[NotAllThere]

Scottish notes are legal currency, but aren't legal tender.

Legal tender simply means that if you pay your debt in legal tender, then you cannot be sued for non-payment. Since the bus driver refused entry, there was no debt, so even if it had been legal tender, he'd have been under no obligation to accept it.

Restaurants, garages and other places where you typically receive the service before paying are a different matter.

[AtW]

In the quiet words of the Virgin Mary, come again?

Legal tender does not mean merchants have to take it

[LondonManc]

I was unpleasantly surprised to learn that it does not mean jack tulip in this country even though it's officially legal tender

In the quiet words of the Virgin Mary, come again?

[AtW]

"That's legal tender pal" is not said often enough.

I was unpleasantly surprised to learn that it does not mean jack tulip in this country even though it's officially legal tender

[AtW]

So much for that banknote declaration "I promise to pay the bearer ...".

Before they promised to pay in gold, and now they don't even want to pay anything...

[clearedforlanding]

Went to Moscow a few decades ago and found when you spent notes at the airport they gave you sweets instead of change. Maybe abolish notes and trade in Fruit Pastilles or Maltesers instead.

Seriously this is a pain. Got £65k in a savings accounts and just been told the interest rate is going from 0.75% to 0.25%. Don't want to move it into some longer term account as looking to buy some land.

If I had £65k that I needed to keep liquid, I would be getting myself an early place on an order for a mid range sports car that is going to have a waiting list.

Or blood diamonds, blood diamonds are always good thanks to De Beers.

[xoggoth]

Santander current account 3% up to 20K, just fund from another account

Do have one of those with another 20k in. May have to start another or similar, perhaps finally shut down my NatWest account.

how is your land grabbing neighbor doing

Shot him years ago. They haven't found the body yet.

Why not buy a house? Prices can only go up, up and away. Surely 65k will get you something decent in London

I could probably get a palace in the DCR! Must have a look at that.

[LondonManc]

Got caught out trying to get onto a bus with only a Scottish ten pound note. "what's that". "It's ten pounds". No it ain't, get off the bus"

You disgust me, passing up an opportunity for a rant.
"That's legal tender pal" is not said often enough.