As of October 2024, U.S. businesses, banks and ATMs have been advised to no longer accept specific dollar bills that fit the 'mutilated' category.
Money is considered mutilated if 'one-half or less of the original note remains,' or damage renders the currency's value uncertain due to various factors.
Individuals with mutilated bills can submit an examination for redemption if more than 50% of a note is identifiable, or if sufficient evidence is provided.
Mutilated money can only be redeemed in person at the Washington, DC facility, highlighting the strict protocols in place for processing.
#mutilated-currency #bureau-of-engraving-and-printing #currency-redemption #us-currency-policy #banking-regulations
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