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Can a shop refuse a 50 note?
Yes, because in a shop you have not entered into a debt situation. In England and Wales*, £50 notes are legal tender, but legal tender has a narrow and specific definition. Legal tender must be accepted when debt has been incurred and the person who owes the debt offers payment in legal tender.
Why do some shops refuse 50 notes?
A shop is under no obligation to sell you anything, nor to sell it to you at the price on the label. They can choose to refuse your note because a display of priced goods is merely an “offer to treat” – to negotiate a deal. If the ‘transaction’ is instantaneous then anyone selling anything can refuse.
Are 50 notes still valid 2020?
Exchanging old notes 30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.
Is 50 still legal tender?
The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2022, and we are encouraging anyone who has these at home to spend or deposit them at their bank or Post Office.
Do supermarkets accept 50 pound notes?
Shoppers are being warned about using £20 and £50 notes in shops and supermarkets as new bank notes have come in. From Wednesday 30 September next year Brits will no longer be able to use older versions of the notes to pay for their goods.
How long can I use old 50 pound notes?
30 September 2022
The Bank of England have confirmed that old £50 notes expire on Wednesday 30 September 2022. This will officially be the last day you can use your old £50 notes in shops, pubs and restaurants.
Do supermarkets take 50 notes?
A note from the Bank of England reads: “30 September 2022 will be the last day you can use Bank of England paper £20 and £50 notes. “After 30 September 2022, these paper notes will no longer be legal tender, so we encourage people to spend them or deposit them at their bank ahead of this date.”
Are old 50 euro notes still valid 2021?
Re: Are older EURO banknotes still accepted? Alabastron, Old Euro notes can still be used as legal tender everywhere. There is no need to exchange them.
Will Asda accept 50 pound notes?
Older £20 and £50 paper notes will soon no longer be legal tender. Brits will no longer be able to use older versions of the notes from from September 30 next year. This means anyone who used cash to pay in shops will need to either spend the notes they have before then, or change them for new ones.
Are they making new 50 notes?
When is the new £50 bank note released? The new £50 note was released on Wednesday 23 June 2021. The release date coincided on what would have been Alan Turing’s 109th birthday. To celebrate the note going into circulation, Governor Andrew Bailey of the Bank of England appeared at Bletchley Park, Milton Keynes.