How to report the refusal of cash?

It is illegal to refuse to accept cash, and you can complain to the People's Bank of China. The People's Bank of China will give a warning and impose a fine of more than 500,000 yuan and less than 2 million yuan according to different situations. If the object of punishment is a unit, the managers and other directly responsible personnel who are directly responsible shall be given a warning according to the nature of the illegal act and be fined between 50,000 yuan and 500,000 yuan. If the circumstances are minor and the illegal acts have been corrected before the inspection by the People's Bank of China, and no harmful consequences have been caused, no administrative punishment will be imposed, and education reminders will be given through interviews, letters and notifications.

What is the punishment for refusing to accept cash?

Those who refuse to accept cash may face administrative warnings and other penalties. According to the announcement issued by the People's Bank of China, any refusal or discriminatory measures to exclude cash should be rectified within one month from the date of announcement. If the above-mentioned behaviors still exist after the expiration of one month's rectification, the branches of the People's Bank of China will investigate and deal with them jointly with relevant departments.

AnnouncementNo. 10 of China People's Bank [20 18]

1. The legal tender of People's Republic of China (PRC) (China) is RMB, including banknotes and coins (hereinafter referred to as cash). No unit or individual may refuse to accept cash in the form of standard terms, notices, statements and notices. Except that non-cash payment instruments should be used according to law.

2. On the premise of accepting cash payment, encourage the use of safe and legal non-cash payment tools to protect the rights of the people and consumers to choose their own payment methods. Through voluntary, equal, fair and honest consultation, through the Internet, unmanned sales and other information networks to provide goods or services, perform legal duties, do not have the conditions to receive cash, you can use non-cash payment tools. Banking financial institutions and non-bank payment institutions shall not require or induce other units and individuals to refuse or take discriminatory measures to exclude cash.

3. Any unit or individual that refuses or takes discriminatory measures to exclude illegal activities such as cash shall make rectification within one month from the date of this announcement. If the above-mentioned illegal acts still exist after the expiration of the rectification period, the branches of the People's Bank of China shall investigate and deal with them according to law in conjunction with relevant departments.

Legal basis:

Article 21 of the Provisional Regulations on Cash Management

Under any of the following circumstances, the bank opening the account shall give a warning or impose a fine in accordance with the provisions of the People's Bank of China; If the circumstances are serious, you can stop lending to the unit or paying cash within a certain period of time:

(1) Cash settlement takes precedence over transfer settlement;

Reject checks, bank drafts and cashier's checks;

(three) in violation of the provisions of article eighth of this Ordinance, do not take the transfer settlement way to buy special controlled goods stipulated by the state;

(4) replacing cash on hand with vouchers that do not conform to the provisions of the financial accounting system;

(5) Cash with transfer voucher;

(6) Withdrawing cash for fictitious purposes;

(7) Borrowing cash from each other;

Use this account to withdraw cash for other units and individuals;

(nine) the cash income of the unit is deposited in the bank by personal savings;

(10) Retaining off-balance-sheet fundraising funds;

(eleven) without approval or not according to the scope and limit approved by the bank.