Table of Contents
Can stores accept ripped bills?
A store doesn’t “have” to accept any bill. Many stores do not accept $50s and $100s, and this is perfectly legal. If a store rejects your taped together bill, give them one that isn’t taped, or take your business elsewhere. Banks, however, generally do have to take it, if they can verify that it is still legal tender.
Where can I exchange torn money?
The Reserve Bank of India rule also states that if the currency notes are torn into several pieces, they can be used and even if any part of the torn note is missing, it can be replaced. Normal mutilated notes can be exchanged at any of the bank branch counters or any RBI office.
What can I do with a half ripped bill?
If you have a bill that’s ripped in half, tape the two halves together and take the bill to a bank.
Will the bank take a ripped bill?
Banks can exchange some mangled money for customers. Typically, badly soiled, dirty, defaced, disintegrated and torn bills can be exchanged through your local bank if more than half of the original note remains. These notes would be exchanged through your bank and processed by the Federal Reserve Bank.
Can you get money back from a ripped dollar bill?
Yes, unless you don’t have the ripped pieces that make it whole or if a portion is torn off and lost, then it can’t be more than 20\% of note missing. No, because the Fed doesn’t accept damaged currency. But you or the bank can send it in to the BEP for replacement.
How much is a ripped $20 bill worth?
Except, guess what: A ripped $20 is still $20 — so long as you have more than 50 percent of the bill. Otherwise, everyone would be ripping their money to try and make $40 out of $20. Yes, in the eyes of the government, torn money is still money.
What to do if a bill is ripped in half?
If you do have the other section of a bill that was ripped in half (or close), get some scotch tape and adhere them together. This will help whomever is receiving the money confirm that both sides have the same serial number.
Can a store refuse to accept a $50 bill?
Many stores do not accept $50s and $100s, and this is perfectly legal. If a store rejects your taped together bill, give them one that isn’t taped, or take your business elsewhere. Banks, however, generally do have to take it, if they can verify that it is still legal tender.