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Do I have to give exact change?
“Businesses are allowed to have an exact change policy. It’s just like any other policy that they want to set up,” says Collins. Shawn Conroy with the Attorney General’s Office Consumer Protection Division says if they decide to do that, customers must be alerted before they check out.
What amount of change requires the most coins?
It’s easy to see that you can’t require more than eight coins, because you can’t increase the number of any of the coin types without creating a combination that could be obtained with less coins. Let’s see: If you increase the number of pennies to five, you could do better with a nickel.
Should you carry coins in your wallet?
Coins take up a lot of space and add a lot of weight to your wallet. Take them out and put them in a jar to save up for a rainy day. If you actually use change and insist on carrying it, then use a wallet that has a small zippered pouch for coins.
Is it legal to not accept $100 bills?
Yes, U.S. currency of any denomination is “legal tender FOR ALL DEBTS, public and private.” But when you go into a store you (normally) don’t owe them anything. In that case, it’s more like a barter transaction: Your currency for their soda. Meaning that they can refuse to take “your currency.”
What does it mean to pay in exact change?
To have exact change means to have the exact cost of the item. In the United States, buses require people riding the bus to have exact change. The bus does not give money back. They must pay exactly what the cost is, they can not pay more.
What is the least amount of change?
So what is the fewest number of coins you can carry that allows you to produce any exact change? The answer is 10 coins, 3 Quarters, 1 dime, 2 nickel, and 4 pennies. With this combination you can produce any number between 1-99 cents.
Where should I put my wallet?
The simple way to avoid this is to just keep your wallet in your jacket or front pocket. Stick to the trusty card-holder style or billfold, and completely avoid anything bulky that has zippers or buttons that might bulge at the front of your pants.
Where should I put my change?
Take it to the bank
- U.S. Bank (no rolls, but customers only)
- Bank of America (requires coin rolls)
- Citibank (requires coin rolls, and may charge fees in some states)
- Chase (requires coin rolls)
- Credit Unions (requirements vary)
- Community Savings Banks (requirements vary)
How many coins make a dollar?
Answer: 100 pennies, 20 nickels, 10 dimes, or 4 quarters; each = 1 dollar.