Dude trying to pay Chase with $6k worth of pennies. Chase keeps running the table and rejecting the

[lonestarnot]

payment. I think he's onto something! :applause:

[Gaedel]

1. I think there is a law somewhere

Which limits the dollar amount of a payment in sub-dollar coins. In other words, the receiver does not have to accept a large amount of coins as "legal tender" in payment. The purpose of the law is to prevent just such things as this from happening. We yuk it up when it happens to Chase, but if this was to become common, how many women would be getting their child support or alimony payments in the form of a wheelbarrow full of pennies?

[lonestarnot]

3. Post a link to that law please.

[Donald Ian Rankin]

18. Wikipedia says Canada has such a law

http://en.wikipedia.org/wiki/Legal_tender#Canada

Ditto for the UK

http://en.wikipedia.org/wiki/Legal_tender#Coins

Obviously that doesn't mean the US does, but I think it makes it plausible that it might (although on the other hand the fact that the article doesn't mention it might be evidence it doesn't).

I think it's an eminently sensible type of law to have, either way.

[WinkyDink]

36. No such U.S. law.

[laundry_queen]

69. Yep.

There definitely is such a law in Canada.

[GodlessBiker]

6. I creditor may specify the method of payment at the time the debt is incurred, ...

but, absent such agreement, coins and bills are legal tender.

Coins didn't used to be legal tender, but they are now: http://www.snopes.com/business/money/pennies.asp

[grahamhgreen]

11. My understanding, the must accept coinage as it is actually minted by the govt

[WinkyDink]

35. No.

[joeunderdog]

39. People have paid for trucks in coins.

Saw it on TV. Must be true.

[Maru Kitteh]

61. You don't understand how child support works. There's a reason why the support is paid to the state

and I've never heard of a law in the US that allows a creditor to reject US currency in payment of a debt.

[david_vincent]

2. This reminds me of something

that I just don't get. Our local Burger King has a sign taped to the counter that says that they don't accept $50 or $100 bills in payment. I just don't get it -- isn't cash legal tender? Don't they HAVE to accept cash as payment? And the really weird thing is that it's not as if this BK is in a high-crime area, because it's not.

[lonestarnot]

5. Money managers managing your money and my money. Money grabbers just stealing what we let them get

away with stealing.

[unblock]

8. burger king can refuse service for any reason

other than discrimination based on race, etc.

but they can refuse to serve a would-be customer for talking too loudly, treating their employees rudely, wearing an obama t-shirt, and so on (as long as such refusals are applied consistently and not as an excuse to cover-up illegal discrimination based on race, etc.)

similarly, they can refuse to serve someone who wants to pay in pennies. they also can't be forced to break a $1000 bill or a $10,000 bill.

they may lose business when they make any such decision, but it's not legal.



where it IS more difficult for a commercial enterprise to refuse pennies or large bills is for REPAYMENT OF DEBTS. there, they've already agreed to do business with that person when they created the debt in the first place. they can't then continue to do business with them while refusing payment of a particular form, unless they specified the form of payment up front.

[rbixby]

9. Its because then end up running out of singles and 5's when people

pay with big bills.

[Myrina]

13. How would you feel making $98 in change for a $2 order of fries?

Seriously? That's just fucking rude. Not to mention, if someone did that during rush hour it would probably blow the register and they'd be FUBAR'd til the manager could get to the safe or the bank to get more change.

Additionally, the preponderance of really good fake bills anymore makes scams like that pretty damn profitable.

[Shagbark Hickory]

14. Yeah that reminds me of the Florida Tollbooth story that was on here last week.

[NYC Liberal]

16. No. They only have to accept cash in payment of debts.

"This note is legal tender for all debts, public and private."

When you walk up to the counter at Burger King, you have no debt. They are specifying the terms of the sale before it occurs. Even if they didn't tell you before they took your order and got the food (though notice you almost always pay before anything else happens), it would still be legal because they could just decline the sale even if it means wasting the small amount of food.

A sit-down restaurant would be different. They could still specify the terms of the sale by putting up a clearly visible sign, but if they didn't do that then yes they would have to accept large bills because you would have a debt (since you pay after you've eaten).

[WolverineDG]

17. They only have so much cash on hand

and if every idiot walked in there & paid for their $5 order with $50s or $100s, they'd soon run out of cash.

You do realize that banks aren't open 24/7, right? Explain to me how a manager from BK can send someone on a bank run on Sunday, or federal holiday, & then complain that they won't take your $50 or $100.

dg

[madamesilverspurs]

21. MIght be something as simple

as not wanting the cash drawer to be made useless by one transaction. Example: Your purchase is for $5.20, you pay with $100 bill and the cashier can't make change for anyone else.

-

[tabbycat31]

62. They probably do not have change for them

Many drawers in places like that are kept at a very low amount (with a drop box) for safety reasons.

[liberal N proud]

4. Your honor - I tried to pay them multiple times but...

they kept turning my payment down.

[lonestarnot]

7. I'd like to see their defense of rejection of that payment in a collection case.

We didn't have room for the payment is bullshit. That is what they are putting out. Fuck you Chase!

[tammywammy]

45. They didn't completely reject it, they sent him to another branch

Chahez was sent to a different branch with a bigger vault to make his payment.

http://www.kplctv.com/Global/story.asp?S=14252021

[Froward69]

10. I figured it out... Quarters are the least heaviest way to do this.

I have a shyster dogging me and (long story short) wants all of the cost of my Appendix hospital bill plus interest ($18,900). he broke the state rules in notifying me (ensuring I would not attend to defend myself) I caught him and forced him to accept $12,000... now he is holding up a refinance, (demanding $18,000 in a check made to him at closing.) when the court told him he must accept 12,000 as payment in full (as punishment for subverting the law. he bought the debt for 13,000 to begin with.) as if he is successful in torpedoing my refinance. I would owe him the full amount...

needless to say I thought of payment in pennies Dimes and Quarters. measuring the weight of each... Quarters is the lightest. Dollar bills still lightest but easy to pick up as when i make payment I am keeping the bags the quarters came in. I plan on dumping $12,000 in quarters on his desk.

[lonestarnot]

12. !

:7

[MedicalAdmin]

20. Make sure you ask for a reciept.

And take pictures with a date and time stamp and bring a witness. He doesn't have to like it and don't ask permission.

FYI - I love this idea but if you think he is going to insist on counting it I would include at least 1 bag of pennies, 1 bag of nickels, and one bag of dimes just to make it extra hard to count.

[CLANG]

23. Do you have any idea how much 48,000 quarters would weigh? Around 15,000lbs.

[tkmorris]

38. Worthy effort, but not quite

A US quarter weighs 5.65 grams, which equates to 5 quarters weighing approximately 1 ounce (1 ounce = 28 grams). Thus, with 16 ounces in a pound, that would be 80 quarters per pound (5x16). 48000/80 yields a result of 600. $12000 in quarters would weigh 600 lbs, give or take a few.

Quite cumbersome, but doable.

[CLANG]

54. I multiplied by 5 instead of divided by 5 - DOH! Still pretty heavy for one person though...

[Jim Lane]

57. Remove dupe

I somehow missed that the math error had already been busted above.

[Froward69]

71. I own a 3/4 ton pickup truck and a fridge hand truck.

more than a couple friends want to help. (25g X 12,000 = 300,000g or 661.38 pounds) or one trip up the elevator.

screw that shyster... he is also angry that his "Law firm" will have to find another line of law to practice as the medical debt business will soon not be so lucrative.

(thank You President Obama!)

[Octafish]

15. If it were my world, it'd all be free.

As it pretty much belongs to Chase and cronies of the Rockefeller-Bush clans, they charge for every thing, including water.

[madokie]

19. I want to think there is a law that if you try to pay something on a loan and its refused

you can walk away from that loan to never be worried with it again.
Back when I was a kid I had a small loan, 100 bucks or that I was having a time at the time making the few dollar payment and when the bank told me that they had to have the whole payment in full I reminded them of this and then they happily took my few dollars and thanked me and I walked out and gave them what i could the next month until I got it paid off. Sure I paid more interest but I wasn't working at the time and was having a rough time of it.

:hug:

[former9thward]

22. U.S. Treasury Dept. says businesses are can reject coins.

http://www.snopes.com/business/money/pennies.asp

[alfredo]

25. Couldn't they have you arrested for disorderly conduct?

[former9thward]

27. If they ordered you to leave and you did not you could be arrested for Trespassing.

Disorderly conduct is a charge that is used when you are out in a public place like a sidewalk.

[WinkyDink]

41. You people are MAKING STUFF UP. STOP IT.

[former9thward]

43. Putting Caps does not make your post have any more sense.

What is being made up?

[alfredo]

55. As lo g as they give me time to gather my money, I'd leave without argument.

[WinkyDink]

40. Stop the madness, please.

[alfredo]

56. But madness runs in the family.

[WinkyDink]

37. Did you not read the second line that says "FALSE"?

[tammywammy]

44. You need to read further than the second line n/t

[cbdo2007]

24. Hope he pulled out all of the pre-1982 pennies or he's losing money.

He should save those in his garage for when they legalize melting of pennies.

[demwing]

26. Snopes Has The Answer

No law requiring commercial establishments to accept ANY type of currency at all. If your barber wants to be paid in seashells, and says so before he cuts your hair, thats his right:

http://www.snopes.com/business/money/pennies.asp

Also, the law governing acceptance of currency (Title 31, Subtitle IV, Chapter 51, Subchapter 1, Section 5103) applies only to the Federal Reserve System. Does this also apply to banks? Magic 8 Ball say "Reply hazy, try again"

[superduperfarleft]

34. Clearly I'm the only one who has no clue what the OP is talking about.

Seeing as there was no link, no context, no anything.

[tammywammy]

46. I foudn the story, and they didn't reject his payment

http://www.kplctv.com/Global/story.asp?S=14252021

They sent him to another branch with a larger vault.

[superduperfarleft]

47. Ah, I didn't realize it was customary to post an OP completely lacking in context

while expecting others to dig up a link for you. ;)

[tammywammy]

48. Oh, it's not.

I was curious, especially since I sensed we weren't getting the whole story. ;)

[lonestarnot]

72. Good! Thanks for the info!

[badtoworse]

28. IMO, the guy is a jerk and I'm amazed he's being applauded here.

Other than being a pain in the ass, what does he accomplish? I'd like to think most people have better uses for their time.

[demwing]

30. What he wants to accomplish is simple

forgiveness of the debt. Legal Tender is the default method for paying debt. If you make an offer to pay your debt, and the merchant rejects that valid offer, you can sue to have the debt discharged.

[badtoworse]

49. If he owes them six grand, he should simply pay them

That's what people of integrity do.

[demwing]

52. On the other hand, maybe he WANTS to pay the debt

and is using the pennies as an opportunity to say thank you to Chase for all the wonderful things they've done for our lives?

Maybe it's a little of both. I don't know his motivations, and I don't really care. What the man is doing is legal, and fine by me, no matter on what seas he decides to float his boat...

[WinkyDink]

42. I'm "dis-applauding" those who make up laws and crimes here.

[badtoworse]

50. Big deal!

[Lucian]

51. He's paying off his debt with legal tender.

How is this a problem?

[badtoworse]

53. Would you accept pennies on a six grand withdrawal?

What's the problem? It's legal tender.

[walldude]

58. Well I don't go around fucking people over for money

so no one would feel the need to pay me in pennies. See how that works?

[badtoworse]

59. How do you know he got fucked over?

The OP only said he owed the bank six grand. Lots of people legitimately owe money to banks, so how do you he isn't just being an asshole?

[demwing]

65. Because he banks with Chase?

Isn't that reason enough to believe he got screwdled?

[piedmont]

66. No. It's not. nt

[demwing]

67. Chase sucks

My previous employer used Chase. One day I took my paycheck into the branch from which the check was written. They wanted to charge me $5 to cash that check. It's my money, or at the very least, my employers money. Why should Chase get a cut?

I asked to speak to the branch manager to see if he would waive the policy. I mentioned that Walmart would cash the check for only $3. I asked how it was possible for Walmart to cash a Chase check at less cost than Chase, the bank (and branch) from which the check originated? The manager actually told me he didn't know and didn't care, and that perhaps I should go to Walmart and ask them!

He then said that if I opened a Chase account, I could get my check cashed for free. I thought about this for a moment, and said sure!

I opened a Chase acct. with $100 from the cashed check, and left. I went to a nearby store and grabbed a soda, then walked back into Chase (no more than 10 minutes later) and closed my account. I made a point of thanking the branch manager for the free check cashing service, and promised to tell all my friends and family about my experiences with Chase.

Thank YOU for the opportunity to repeat my story here today.

on edit: How the hell does "dy" (a mistype of the word "day") pass the spellcheck?

[Lucian]

60. Yeah.

I would. I need the money.

[MarthaM]

70. Agreed.

And all he did was make a mess for some tellers and branch bank employees to deal with. Dealing with massive quantities of rolled coin brought in by customers is a major pain in the butt.

[surrealAmerican]

29. Where do you suppose he got all those pennies?

I understand that businesses are not required to accept unwieldy payments, but this IS a bank: they already have the equipment to count the coins.

[demwing]

31. That's not entirely correct

http://www.snopes.com/business/money/pennies.asp

[RedCloud]

32. Fine. Just load up my back yard with unwanted pennies.

I think it might handle several million dollars worth.

[RedCloud]

33. I got that right!

You can fit about 30,000 pennies in a 5-gallon bucket. It would weight about 150 pounds, and it would be valued at $300.00. (The bank might only take back about $100 per week, see related link below.) You would need 33 5-gallon buckets to hold 1 million pennies.



Read more: http://wiki.answers.com/Q/How_much_space_do_you_need_to_collect_one_million_pennies#ixzz1Gh4vE5aE

[mstinamotorcity]

63. Six grand is

Six Grand. doesn't matter how you get it as long as you got it. Not mad at the man but would not want to be the one who has to count it.

[Donald Ian Rankin]

64. Next time he tries to make a withdrawal, they should provide it in pennies...

[demwing]

68. then he can walk it over to the next line and turn it into folding $

the customer loses nothing, and the bank pays for someone to count the pennies twice.

That'll teach that guy!

[lonestarnot]

73. Funny!

:7