i just received 1000 dollars from an uncle, and i'll go to the bank to exchange them for pounds, but what happens if by some reason, one of those bills is fake?? will they keep it? i just checked all of them, and they seem to be OK, but i just have some curiosity... what happens if one of those bills is fake?
2007-10-03 12:21:20 · 6 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Yes, they do keep the bills and they assume you got it via regular transaction so you're not looked at suspiciously, but they won't reimburse you. You're out the money.
2007-10-03 12:24:48 · answer #1 · answered by Elaine M 7 · 2⤊ 0⤋
Usually if it is obvious the presenter of the bill is not aware that the bill is counterfeit then the bank keeps the bill...there are procedures involved (you need to copy the presenters ID and the presenter needs to initial the bill and date it) and the bill is turned over to the secret service. The presenter is not given any money to make up for the fake bill...they are not allowed to keep the fake bill, they are basically out the money they were given, the only way they can get their money back is to go to the person who gave them the fake bill and get them to give them their money back.
If the bank suspects the presenter of the bill is aware the bill is counterfeit they call the police and the secret service. They keep the person around for as long possible and wait for the police to arrive.
2007-10-03 19:32:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Hi,
The Secret Service is in charge of tracking down counterfeit bills in the United States. Their official site offers tips on how to identify fake currency.
1. Portraits on counterfeit bills are "lifeless and flat" and don't jump out from the background.
2. The lines in the margin are clear and distinct on real bills. On fakes, they're often blurry.
3. Real currency "has tiny red and blue fibers embedded throughout. Often counterfeiters try to simulate these fibers by printing tiny red and blue lines on their paper."
If you suspect a note is counterfeit, the Secret Service suggests you contact your local police department asap.
Mike
2007-10-03 20:38:50 · answer #3 · answered by Ask Mike 4 · 0⤊ 0⤋
If one is a fake, you will lose that bill. The bank won't take it and will keep it to give to the authorities. They will also want to know where you got it. Other than that, you should not be in any trouble.
2007-10-03 19:27:06 · answer #4 · answered by proactiveindy 2 · 0⤊ 0⤋
My uncle was aressted and went to court luckly the got prints off the last clerk on the bill
2007-10-03 20:47:36 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Not only will you not get the money, you will be under investigation by the Secret Service. They do more that just guard the president!!!
2007-10-03 19:26:22 · answer #6 · answered by Angie 6 · 0⤊ 1⤋