After taping it up, there's actually only a small piece missing. However, my bank said they do not have to accept it. I always thought that they did, as long as you had at least half. Anyone know the law on this?
2006-11-13 11:27:49 · 13 answers · asked by karaoke_linda 1 in Business & Finance ➔ Other - Business & Finance
US treasury will redeem a torn up bill. The instructions are on their website below.
f you feel that the currency you have clearly meets these standards, then you should forward it to the Department of the Treasury, Bureau of Engraving and Printing, Office of Currency Standards (OCS), Room 344-PD, Post Office Box 37048, Washington, D.C. 20013.
2006-11-13 11:33:13 · answer #1 · answered by Old guy 124 6 · 1⤊ 0⤋
I don't know the law exactly, but if the serial numbers are there they are suppose to take it. I'm sure you could get rid of it at a store or other bank. Put it in the night deposit and see what happens!
2006-11-13 11:37:04 · answer #2 · answered by bluenbroke 1 · 0⤊ 0⤋
Yes as long as you have at at least 51% of the bill, legally, the bank must accept it
2006-11-13 11:29:54 · answer #3 · answered by micmacsouthpaw28 1 · 1⤊ 0⤋
You will have to send it into the US Treasury Department. They have division that replaces damaged bills for you.
The other option is to just pass it onto a store and tell them it is all you have for money on you. They will take it if it is only missing a tiny bit.
2006-11-13 11:31:15 · answer #4 · answered by my_iq_135 5 · 0⤊ 0⤋
Well, I think money is a legal tender if you have 2/3 of it... but the bank never has to accept anything, they're not the government or anything! They have that right just the same as a restaurant has the right not to seat you.
2006-11-13 11:31:09 · answer #5 · answered by Conspirator 2 · 0⤊ 1⤋
Check the U.S. Treasury Department website. They specialize in that kind of thing. Ultimately you can send it to them with a letter of explanation and they'll send you a check for five dollars in turn.
2006-11-13 11:30:33 · answer #6 · answered by vanamont7 7 · 0⤊ 0⤋
This happened to me recently... the bill MUST have the serial number still intact.
2006-11-13 11:38:02 · answer #7 · answered by c_kickbox 2 · 0⤊ 0⤋
just happend to me 2 days ago i had to put 50.00 in my bank and it wasm ripped on the side and said we cant take that so i go to wal mart and spend what a dollar so it doesnt look like grits been touching it so much. it is so ****** up????????????
2006-11-13 11:31:51 · answer #8 · answered by Anonymous · 0⤊ 0⤋
if you have the larger half of any bill the bank must take it. they just swap it, they don't loose anything. but it must be the bigger half.
2006-11-13 11:31:42 · answer #9 · answered by Anonymous · 0⤊ 0⤋
In Canada, I believe they would have to take it. In the US, who knows?
2006-11-13 11:29:30 · answer #10 · answered by Anonymous · 0⤊ 2⤋