I have accidentally left my S$50 note in my trouser pocket that when into the washing machine and now only left with about 3/4 of the note with one side's serial number still in tact.
I have approached the banks and they don't accept it, where else can I go for a replacement?
2006-11-09 23:32:54 · 2 answers · asked by Always Can 2 in Business & Finance ➔ Personal Finance
Q13
Where could one exchange mutilated notes?
A13
Under the Currency Act, mutilated notes and dirty/damaged coins command no value. Any award for mutilated note and dirty/damaged coin is an act of grace by MAS.
Customers may deposit the notes at any commercial bank instead of direct one-for-one exchange. The assessed value will be awarded by the bank according to the guidelines from MAS, and where necessary banks may refer the notes to MAS for a more thorough assessment.
Should you encounter problems in the exchange, please call MAS at 6349-4655 or 6349-4615 for assistance.
2006-11-09 23:42:45 · answer #1 · answered by Beeswax 4 · 0⤊ 0⤋
the banks have broken the law if the serial number still intact
2006-11-09 23:37:14 · answer #2 · answered by whay i lost my ?s 6 · 0⤊ 0⤋