London Banter - View Single Post - Does London Underground accept Euros anywhere?

[email protected] · August 8th 10, 11:25 PM posted to uk.transport.london

On 08/08/2010 17:22, Michael R N Dolbear wrote:
wrote

On Aug 7, 2:00 pm, wrote:

We see a lot of Scottish money, here in the Lakes,
but I'm fairly sure it isn't legal tender Clive

Legal tender is what you can't refuse to take if you
are offered it by someone who owes you money.

That means that cheques, credit cards and debit
cards are not legal tender - you have the option
to take them if you choose.

So when anybody refuses to accept a Scottish note,
it is solely because of their own choice. The "I can't
take it because it is not legal tender" routine is nonsense.

Nope, it's shorthand "when I try to use it, someone else may refuse to
accept it as they are entitled to do".

Money that may not be accepted is a genuine inconvenience - I recall
solving the problem for Guernsey notes and coin by paying it over
NatWest's bank counter for the credit of my UK bank account the day my
holiday ended and drawing Bank of England notes from the appropriate
cash machine at the same time.

Banks in London will accept all notes from the United Kingdom of Great
Britian & Northern Ireland, as well as those from Guernsey, Jersey and
the Isle of Man. The automatic deposit machines will not accept single
notes, however, which come from Scotland, Guernsey, Jersey and the Isle
of Man.