Minnesota SF695 requires sellers to accept U.S. currency for purchases, with exceptions.

Minnesota SF695 mandates that sellers offering goods or services in Minnesota must accept U.S. currency from consumers, including Federal Reserve notes. Exceptions include banking institutions, credit unions, and sellers using a device to convert cash into a prepaid card under specific conditions. Violators face a civil penalty of up to $250 per transaction. The law takes effect January 1, 2026.

Minnesota SF695 requires sellers to accept U.S. currency for purchases, with exceptions.

Minnesota SF695 mandates that sellers offering goods or services in Minnesota must accept U.S. currency from consumers, including Federal Reserve notes. Exceptions include banking institutions, credit unions, and sellers using a device to convert cash into a prepaid card under specific conditions. Violators face a civil penalty of up to $250 per transaction. The law takes effect January 1, 2026.