We need $1 and $5 bills.....

dereksbicycles

dereksbicycles

Active Member
Joined
Apr 11, 2011
Messages
6,497
Reaction score
26
Have you seen this sign at places that you frequent? Maybe restaurant or thrift stores? What do you think of it?

I'm always happy when I can make purchases using $1 bills. That way, they will have changes. I've been in situation where I would not break up a $20 bill. I hate it. I can imagine it is the same at stores. That is why I like to use small bills if I can.
 
I cant figure out why they do that. There is one gas station near me that has that sign and it been there for a couple years on different paper.
There MUST be a scheme behind it.
 
ATMs should start spit out $1, $5, and $10 (well, SOME ATMs do spit out $10) and it would be much easier.
 
What kind of places do you shop at? I use a debit card, I rarely even touch cash.
 
radioman said:
I cant figure out why they do that. There is one gas station near me that has that sign and it been there for a couple years on different paper.
There MUST be a scheme behind it.
Click to expand...

No there isn't a scheme behind it. I used to work at a gas station. There's a safe that the cashier can get change out of when the register runs out of 1's or 5's because you get a string of customers paying with stuff with 20's and no one paying with smaller bills. Sometimes the safe starts running low on them, especially after paydays like thursday and friday, when everybody's walking around with a wallet of big bills. This gets especially tricky at shift change time, because the cashier coming in to start their day only starts with like $50 in the drawer in change 1's and 5s...no 10's even. So if you get a string of customers with big bills they'll clean out your drawer reall fast, and then you start cleaning out the stash of 1's and 5's in the safe......get it?
 
It's usually because these places want 1s and 5s to make change. Too many customers pay with larger bills and they run out of 1s and 5s.
 
S.O.B. said:
What kind of places do you shop at? I use a debit card, I rarely even touch cash.
Click to expand...

I don't normally carry cash, too.

But there are certain places that I can think of using cash: casino, places you give tips to, car wash place, strip club, arcade place, local fair, sports events, and few more places. Some stores/restaurants that have credit card device that went down and only can take cash. That's where you will have to use cash.
 
If they head to their bank and fork over benjamins for washingtons would solve this problem, unless they're embarrassed to be caught being handed a large amount of chump change. I gotta try that to see their reactions.
 
I've never seen that sign here. :dunno:
 
ambrosia said:
No there isn't a scheme behind it. I used to work at a gas station. There's a safe that the cashier can get change out of when the register runs out of 1's or 5's because you get a string of customers paying with stuff with 20's and no one paying with smaller bills. Sometimes the safe starts running low on them, especially after paydays like thursday and friday, when everybody's walking around with a wallet of big bills. This gets especially tricky at shift change time, because the cashier coming in to start their day only starts with like $50 in the drawer in change 1's and 5s...no 10's even. So if you get a string of customers with big bills they'll clean out your drawer reall fast, and then you start cleaning out the stash of 1's and 5's in the safe......get it?
Click to expand...
Yeah, that's right.

I had the same problem a few times when I worked at a video rental store.

Most businesses determine what the need in cash based on their average earnings. Sometimes, a day will come along when almost everyone makes small purchases using $20 bills.

At the video rental store I worked at, customers were renting only one or two movies (at that time, $3 or $6 plus tax) and using $20 bills to pay for it. With a few $10 bills already, we run out quickly. That leaves us to give $5+$5+$5+$1 for $3 purchases and $5+$5+$1+$1+$1 for $6 purchases. See how many $5 and $1 we gave back?

Suddenly, we find outselves running low and start asking for $1 bills and sometimes $5 bills. :Ohno:
 
We have a lot of restaurants here that post that on the doors. The newer sign now is that they don't accept any bills higher than a $20 anymore. Also, some restaurants in this area do not accept debit cards even when backed by Mastercard or Visa. They want charge cards only.
 
KristinaB said:
We have a lot of restaurants here that post that on the doors. The newer sign now is that they don't accept any bills higher than a $20 anymore. Also, some restaurants in this area do not accept debit cards even when backed by Mastercard or Visa. They want charge cards only.
Click to expand...
We don't have that problem here. All the restaurants accept all cards, and all cash.

TCS (who gets around town more than I do) told me that the only places he's seen with signs limiting to under $20-bills is gas stations that won't take large denominations after 10 p.m. He often pays with $50-bills because a tank of gas for his van costs beyond that, so he doesn't get back any change from the $50's.
 
There isn't any schemes behind. Ask yourself, what are the chances that these ATM machines nowadays spits $1, $5, and $10 bills? I recall the lowest as $10 but not anymore (I think Citibank did that back then).

These who works behind the counters with time controlled safe machines know what is going on.

And lastly, business doing banking at any banks will have to fork over fees for any transactions which can add up costs but this is not the major issue, just that ATM machines causing these problems.

I hardly carry cash, just good o'le ATM card that I have used since mid 80's
 
radioman said:
I cant figure out why they do that. There is one gas station near me that has that sign and it been there for a couple years on different paper.
There MUST be a scheme behind it.
Click to expand...

Next time help them out by paying with the dollar coins no one wants.
:D
 
I sometimes wonder if anyone uses their own money. For example, you work in a video store. You run out of $1 bills. Luckily, you have 10 $1 bill of your own money. Do you change your 10 $1 bills for a $10 bill? I wonder if anyone can get in trouble for doing that.
 
dereksbicycles said:
I sometimes wonder if anyone uses their own money. For example, you work in a video store. You run out of $1 bills. Luckily, you have 10 $1 bill of your own money. Do you change your 10 $1 bills for a $10 bill? I wonder if anyone can get in trouble for doing that.
Click to expand...

nope. several times - employees did break my money with their own money.

(I wonder if I said that correctly :lol: )
 
Well - from this new point of view - All I can say is carrying 20's is alot easier to make sure I have enough cash for cash only purchases where debit/credit cards are not available. I use card every single chance I get even as low as 75 cents purchases :giggle: . This prevents loose coin change in my pockets and I can keep track of stuff I buy instead of savinng those silly paper receipts.
 
are there dollar coins?sure i only used paper bills when i in states.....that odd tax you pay when you buy stuff that drive me nuts,think got bargin then told got pay tax.why it not just incorperate it in price
 
Back
Top