Will banks blacklist some $100 dollar bills?

[bolido2000]

Does anybody know if banks in the US will black list some $100 notes beceause of heavy counterfeiting? My friend called me yesturday and at least in Chile and Taiwan all banks are not longer accepting $100 bills with serials starting with CB printed in 1996 and AB in 2001. This is because most of the fake $100 bills start with those serials. My friend has like $6K with those serials so he wants to know if there is a possibility that the US will do something similar. If not, he will just deposit the 6K when he comes to the US.

 

[furie27]

I doubt it would happen here in the US, just because the FBI is around the corner to potential counterfeits.

 

[Demon-Xanth]

furie: Actually, that's the Secret Service's main job.

 

[rudeguy]

AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

 

[bolido2000]

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

 

[daveymark]

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

buy one of those markers

 

[rudeguy]

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

they make little markers you can get at any office store. If the ink changes color, its fake.

 

[Indolent]

Originally posted by: bolido2000
Does anybody know if banks in the US will black list some $100 notes beceause of heavy counterfeiting? My friend called me yesturday and at least in Chile and Taiwan all banks are not longer accepting $100 bills with serials starting with CB printed in 1996 and AB in 2001. This is because most of the fake $100 bills start with those serials. My friend has like $6K with those serials so he wants to know if there is a possibility that the US will do something similar. If not, he will just deposit the 6K when he comes to the US.

I can't be the only person curious as to why your "friend" has 60 $100 bills laying around and doesn't live in the United States...

 

[FoBoT]

i think that is common practice in countries with weak currency/bad banks. having dollars under your mattress is a good hedge against hyper inflation of the local currency

 

[kranky]

Banks here will be able to verify the bills are genuine.

Look for three key elements:
- Color shifting ink (copper to green to copper) in the lower right corner
- Watermark (hold up to light)
- Security thread - make sure it's not "printed" on but embedded in the paper as it should be. It spells out the denomination in tiny print.

 

[Legendary]

Originally posted by: kranky
Banks here will be able to verify the bills are genuine.

Look for three key elements:
- Color shifting ink (copper to green to copper) in the lower right corner
- Watermark (hold up to light)
- Security thread - make sure it's not "printed" on but embedded in the paper as it should be. It spells out the denomination in tiny print.

Grainy red and blue strings are also embedded into all real currency.

 

[Armitage]

Originally posted by: FoBoT
i think that is common practice in countries with weak currency/bad banks. having dollars under your mattress is a good hedge against hyper inflation of the local currency

Yep
In Peru, alot of people change their paychecks to dollars ASAP due to record of instability in their currency. There are money changers everywhere in Lima.

Alot of people down their won't take the old-style hundreds at all now.

 

[alien42]

Originally posted by: bolido2000
Does anybody know if banks in the US will black list some $100 notes beceause of heavy counterfeiting? My friend called me yesturday and at least in Chile and Taiwan all banks are not longer accepting $100 bills with serials starting with CB printed in 1996 and AB in 2001. This is because most of the fake $100 bills start with those serials. My friend has like $6K with those serials so he wants to know if there is a possibility that the US will do something similar. If not, he will just deposit the 6K when he comes to the US.

hmmmm, cocaine running?

 

[FrustratedUser]

There is a weird thing when you exchange to US currency abroad.

When I moved here I had to get some US dollars before I left and at the bank they asked me if the money were going to be used in Asia or US.
I was 😕. The teller told be they use different series of bills for some (to me unknown) reasons.

 

[tweakmm]

Originally posted by: rudeguy

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

they make little markers you can get at any office store. If the ink changes color, its fake.

Actually, from what I understand the markers only detect the most basic of counterfeit bills. It changes color if it detects a common chemical found in cheaper inks. A good counterfeit would come up as clean. The whole pen thing is a huge scam.

 

[FoBoT]

Originally posted by: tweakmm

Originally posted by: rudeguy

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

they make little markers you can get at any office store. If the ink changes color, its fake.

Actually, from what I understand the markers only detect the most basic of counterfeit bills. It changes color if it detects a common chemical found in cheaper inks. A good counterfeit would come up as clean. The whole pen thing is a huge scam.

no, i looked it up. the ink in the pen contains iodine. the iodine will react with wood based paper to make a dark/black mark. with fiber/cloth based paper (the kind of paper real money is made of) the ink leaves no dark/black mark

i thought i had read that the pens were not effective, but the above info is from howstuffworks, so i guess it is correct

http://money.howstuffworks.com/question212.htm

 

[tweakmm]

Originally posted by: FoBoT

Originally posted by: tweakmm

Originally posted by: rudeguy

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

they make little markers you can get at any office store. If the ink changes color, its fake.

Actually, from what I understand the markers only detect the most basic of counterfeit bills. It changes color if it detects a common chemical found in cheaper inks. A good counterfeit would come up as clean. The whole pen thing is a huge scam.

no, i looked it up. the ink in the pen contains iodine. the iodine will react with wood based paper to make a dark/black mark. with fiber/cloth based paper (the kind of paper real money is made of) the ink leaves no dark/black mark

i thought i had read that the pens were not effective, but the above info is from howstuffworks, so i guess it is correct

http://money.howstuffworks.com/question212.htm

Ah yes, not the ink but the paper. My point still stands though, I'm pretty sure that the good counterfeit bills are made on cloth based paper, rendering the pen useless.

 

[rudeguy]

Originally posted by: tweakmm

Originally posted by: FoBoT

Originally posted by: tweakmm

Originally posted by: rudeguy

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

they make little markers you can get at any office store. If the ink changes color, its fake.

Actually, from what I understand the markers only detect the most basic of counterfeit bills. It changes color if it detects a common chemical found in cheaper inks. A good counterfeit would come up as clean. The whole pen thing is a huge scam.

no, i looked it up. the ink in the pen contains iodine. the iodine will react with wood based paper to make a dark/black mark. with fiber/cloth based paper (the kind of paper real money is made of) the ink leaves no dark/black mark

i thought i had read that the pens were not effective, but the above info is from howstuffworks, so i guess it is correct

http://money.howstuffworks.com/question212.htm

Ah yes, not the ink but the paper. My point still stands though, I'm pretty sure that the good counterfeit bills are made on cloth based paper, rendering the pen useless.

negative. The type of paper used for money can only be purchased by the treasury dept.

 

[NikPreviousAcct]

No, they won't blacklist any dollar bills. They're not a US government department so they are required law to accept "legal tender" in any form.

 

[bcterps]

Banks in the US can't stop accepting certain types of $100 bills. I'm quite sure that would be illegal.

 

[AMDZen]

Originally posted by: rudeguy

Originally posted by: tweakmm

Originally posted by: FoBoT

Originally posted by: tweakmm

Originally posted by: rudeguy

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

they make little markers you can get at any office store. If the ink changes color, its fake.

Actually, from what I understand the markers only detect the most basic of counterfeit bills. It changes color if it detects a common chemical found in cheaper inks. A good counterfeit would come up as clean. The whole pen thing is a huge scam.

no, i looked it up. the ink in the pen contains iodine. the iodine will react with wood based paper to make a dark/black mark. with fiber/cloth based paper (the kind of paper real money is made of) the ink leaves no dark/black mark

i thought i had read that the pens were not effective, but the above info is from howstuffworks, so i guess it is correct

http://money.howstuffworks.com/question212.htm

Ah yes, not the ink but the paper. My point still stands though, I'm pretty sure that the good counterfeit bills are made on cloth based paper, rendering the pen useless.

negative. The type of paper used for money can only be purchased by the treasury dept.

That doesn't mean that cloth can't be made. Anything can be done, and I guarentee there are bills out there that would pass the ink test and still be fake.

 

[tweakmm]

Originally posted by: rudeguy

Originally posted by: tweakmm

Originally posted by: FoBoT

Originally posted by: tweakmm

Originally posted by: rudeguy

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

they make little markers you can get at any office store. If the ink changes color, its fake.

Actually, from what I understand the markers only detect the most basic of counterfeit bills. It changes color if it detects a common chemical found in cheaper inks. A good counterfeit would come up as clean. The whole pen thing is a huge scam.

no, i looked it up. the ink in the pen contains iodine. the iodine will react with wood based paper to make a dark/black mark. with fiber/cloth based paper (the kind of paper real money is made of) the ink leaves no dark/black mark

i thought i had read that the pens were not effective, but the above info is from howstuffworks, so i guess it is correct

http://money.howstuffworks.com/question212.htm

Ah yes, not the ink but the paper. My point still stands though, I'm pretty sure that the good counterfeit bills are made on cloth based paper, rendering the pen useless.

negative. The type of paper used for money can only be purchased by the treasury dept.

I know that, but surely it's possible to make cloth-based paper that is similar to the restricted paper, certainly free of the starch that would cause the iodine pens to change color.
I'm just going by logic and what I've heard from a few people who've worked in higher levels of retail and would know what they are talking about. My knowledge of counterfeiting is pretty much nonexistent, which might be obvious to someone who knows more. 🙂

 

[BigJ]

Originally posted by: tweakmm

Originally posted by: rudeguy

Originally posted by: tweakmm

Originally posted by: FoBoT

Originally posted by: tweakmm

Originally posted by: rudeguy

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

they make little markers you can get at any office store. If the ink changes color, its fake.

Actually, from what I understand the markers only detect the most basic of counterfeit bills. It changes color if it detects a common chemical found in cheaper inks. A good counterfeit would come up as clean. The whole pen thing is a huge scam.

no, i looked it up. the ink in the pen contains iodine. the iodine will react with wood based paper to make a dark/black mark. with fiber/cloth based paper (the kind of paper real money is made of) the ink leaves no dark/black mark

i thought i had read that the pens were not effective, but the above info is from howstuffworks, so i guess it is correct

http://money.howstuffworks.com/question212.htm

Ah yes, not the ink but the paper. My point still stands though, I'm pretty sure that the good counterfeit bills are made on cloth based paper, rendering the pen useless.

negative. The type of paper used for money can only be purchased by the treasury dept.

I know that, but surely it's possible to make cloth-based paper that is similar to the restricted paper, certainly free of the starch that would cause the iodine pens to change color.
I'm just going by logic and what I've heard from a few people who've worked in higher levels of retail and would know what they are talking about. My knowledge of counterfeiting is pretty much nonexistent, which might be obvious to someone who knows more. 🙂

I was under the impression some counterfeiters actually bleach the ink off of $1 bills, and use them in their counterfeit 50s, 100s, etc.

 

[Toastedlightly]

Originally posted by: BigJ

Originally posted by: tweakmm

Originally posted by: rudeguy

Originally posted by: tweakmm

Originally posted by: FoBoT

Originally posted by: tweakmm

Originally posted by: rudeguy

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

they make little markers you can get at any office store. If the ink changes color, its fake.

Actually, from what I understand the markers only detect the most basic of counterfeit bills. It changes color if it detects a common chemical found in cheaper inks. A good counterfeit would come up as clean. The whole pen thing is a huge scam.

no, i looked it up. the ink in the pen contains iodine. the iodine will react with wood based paper to make a dark/black mark. with fiber/cloth based paper (the kind of paper real money is made of) the ink leaves no dark/black mark

i thought i had read that the pens were not effective, but the above info is from howstuffworks, so i guess it is correct

http://money.howstuffworks.com/question212.htm

Ah yes, not the ink but the paper. My point still stands though, I'm pretty sure that the good counterfeit bills are made on cloth based paper, rendering the pen useless.

negative. The type of paper used for money can only be purchased by the treasury dept.

I know that, but surely it's possible to make cloth-based paper that is similar to the restricted paper, certainly free of the starch that would cause the iodine pens to change color.
I'm just going by logic and what I've heard from a few people who've worked in higher levels of retail and would know what they are talking about. My knowledge of counterfeiting is pretty much nonexistent, which might be obvious to someone who knows more. 🙂

I was under the impression some counterfeiters actually bleach the ink off of $1 bills, and use them in their counterfeit 50s, 100s, etc.

But the only problem would be that the metalic strips in the bill would still be for the one dollar bill insead of the other. Any bank should be able to find it.

 

[BigJ]

Originally posted by: Toastedlightly

Originally posted by: BigJ

I was under the impression some counterfeiters actually bleach the ink off of $1 bills, and use them in their counterfeit 50s, 100s, etc.

But the only problem would be that the metalic strips in the bill would still be for the one dollar bill insead of the other. Any bank should be able to find it.

I thought we were talking about your average consumer identifying counterfeit bills, more specifically the pen.