UK news Martin Lewis issues warning to shoppers who pay with cash last minute news

MetiNews.Com - The question came up on Martin Lewis' Money Show which airs on ITV

UK news Martin Lewis issues warning to shoppers who pay with cash last minute news

MetiNews.Com - The question came up on Martin Lewis' Money Show which airs on ITV

UK news Martin Lewis issues warning to shoppers who pay with cash last minute news
18 October 2020 - 09:45

Breaking News ! Martin Lewis, the nation's most loved Money Saving Expert, has issued a warning to shoppers who use cash to pay for their goods. With more and more places urging people to use contactless forms of payment, or card payments, to help stop the spread of coronavirus many places are now in fact cashless. Martin Lewis explained that shops are, in fact, well within their rights to allow only card payments and are not actually breaking the law by refusing to accept cash. Money saving tips How to get £125 from selected UK banks How to get £5,000 to improve your home Don't hide financial stress from kids Check payslip after furlough rule change The question came up on his ITV the Martin Lewis Money Show, where someone asked: "If cash is legal tender, are businesses breaking rules by only accepting cards?" His answer was incredibly simple. "No, they are not breaking any rules," he explained. "You are allowed to take card only as long as it's not discriminatory for race or disability or something." But the question then led the discussion toward what, exactly, classes as legal tender. Enter your postcode below to find out the latest news in your area "The legal tender thing is interesting," said Martin. "Legal tender has a strict definition. "It means if you have a court awarded debt against you, if someone tries to settle and they're paying in legal tender, you cannot refuse it.

." He pointed out that in some parts of the country, the only thing that's legal tender is, in fact, coins. "In Scotland, no notes - neither Bank of Scotland nor Bank of England, are legal tender." But that doesn't mean they're not legal. "They're all legal currency," he added. Read More Related Articles When do new Tier 2 restrictions start: All the latest places to have tougher coronavirus lockdown rules Read More Related Articles Boris Johnson no deal Brexit: PM says Britain should prepare for final no-deal break with Brussels As to whether it's time to switch to a cashless society, Martin had made an excellent point. "I know many people are saying 'why don't we just switch to a cashless society?' - I don't want that, because there are many vulnerable people who need cash," he said. And there was good news coming for people who rely on cash, but are finding it harder to get hold of with bank branches closing and ATMs being removed. "The Government has said that once we leave the EU in January it will change the rules so if you want to get cash out form a supermarket you don't have to buy anything," he said. "And with the closures of ATMs and bank branches that will be useful."

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UK news Martin Lewis issues warning to shoppers who pay with cash last minute news


UK news Martin Lewis issues warning to shoppers who pay with cash last minute news


UK news Martin Lewis issues warning to shoppers who pay with cash last minute news


UK news Martin Lewis issues warning to shoppers who pay with cash last minute news

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