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    rackld's Avatar
    rackld Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Jan 10, 2007, 10:59 AM
    Cash as legal tender
    Hi,

    Can a merchant in the United States refuse to accept cash as payment? I'm not talking about a bag of pennies, but cash in reasonable denominations. For example, many hotels seem to have a policy declining cash. Is this legal? Also if you sign a lease, it likely contains a provision that payment will be by check, or other non-cash entity. Is this contract provision enforceable?

    Dave
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
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    #2

    Jan 10, 2007, 11:03 AM
    Per the US Treasury, private businesses are free to develop their own policies on whether to accept cash unless there is a State law which says otherwise. See here for more info.
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