NewsWorldHow will cash purchases be rounded up from July?...

How will cash purchases be rounded up from July? Here are some examples! – The truth

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Rounding will only apply to cash payments. The final amount of the purchase paid non-cash – by payment card, mobile phone, smart watch and the like, is not rounded. One and two cent coins remain legal tender after 1 July, so the obligation to accept them in cash payments continues to apply. The final purchase amount (not individual purchase items) will be rounded to the nearest 5 cent. Applies to cash payments only. Total final purchase amount paid in cash ending on: Rounding to: Example Rounded amount paid in cash 1 cent or 2 cents 0 cents 12.42 euros 12.40 euros 3 cents or 4 cents 5 cents 12.43 euros 12.45 euros 5 cents 5 cents 12.45 euros 12.45 euros 6 cents or 7 cents 5 cents 12.47 euros 12.45 euros 8 cents or 9 cents nearest multiple 10 cents 12.48 euros 12.50 euros When combining cash and non-cash payment – e.g. payment card + cash, or meal vouchers / gift vouchers + cash – only the part of the amount that falls on the payment in cash is rounded. Example: the final purchase amount will be EUR 36.99: Cash + credit card: EUR 30 will be paid in cash and EUR 6.99 will be paid by credit card – the final purchase amount will not be rounded. Meal tickets / gift vouchers, etc. + cash: 30 euros to pay with meal vouchers, gift vouchers and the like and 6.99 euros to pay in cash – rounding to 7.00 paid in cash. Meal vouchers / gift vouchers + payment card: the final purchase amount is not rounded. Payment restrictions: the right not to accept more than 50 euro coins (of any denomination) per payment; however, this does not apply to the National Bank of Slovakia, banks, other payment service providers and postal enterprises. 1- and 2-cent euro coins remain legal tender and do not need to be exchanged separately. However, if a citizen, a merchant, would still be interested in exchanging these coins, it is possible either in the National Bank of Slovakia or in banks under the usual conditions for exchanging money; The NBS does not charge a fee for exchanging 1- and 2-cent coins. Restrictions on the use of 1- and 2-cent euro coins in circulation by introducing the principles of rounding are already in place in five euro area countries: Finland, the Netherlands, Belgium, Ireland and Italy. Source: NBS

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