Note May be Damaged, but not Mutilated
Notes that are heavily soiled, worn, or torn are considered “unfit” and don’t qualify as mutilated
You may exchange these notes at your local commercial bank. The BEP does not accept unfit curency for redemption.
Ways Currency Can Become Mutilated
Fire
Water
Chemicals and explosives
Animals, insects, rodents
IMPORTANT: In some situations, currency may be exposed to contaminants that may pose a health hazard or a safety risk. If you believe that your currency qualifies as such, you may be able to deposit it at a commercial bank. Please consult with your local commercial bank branch for further instructions.
IMPORTANT: In some situations, currency may be exposed to contaminants that may pose a health hazard or a safety risk. If you believe that your currency qualifies as such, you may be able to deposit it at a commercial bank. Please consult with your local commercial bank branch for further instructions.
Fact Check: Intentional mutilation of currency is illegal under U.S. code and punished by a fine or imprisonment for up to six months, or both.
Fact Check: Intentional mutilation of currency is illegal under U.S. code and punished by a fine or imprisonment for up to six months, or both.
Submit Currency for Examination and Possible Redemption if You Have
MORE
THAN
51%
BEP examiners will look for remnants of security features listed above
OR
OR
LESS
THAN
50%
BEP examiners will require information on the method of mutilation and evidence that the remaining portion was destroyed
How to Redeem Mutilated Currency
1
Mail or personally deliver your mutilated note to the BEP. Include a legible letter stating the estimated value, your contact information, and an explanation of how the currency became mutilated.
2
For reimbursement, provide a bank account and a routing number for a U.S. bank, or payee and mailing address information (to be paid by check).
3
Each case is carefully examined by a mutilated currency examiner. The BEP Director has the final authority for the settlement of mutilated currency claims.
Visit the BEP website at www.moneyfactory.gov for more details on how to submit a mutilated currency claim.
© 2017 Federal Reserve Bank of San Francisco
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