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Opinions On Marking Bills

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Author Previous TopicReplies: 7 / Views: 1,677Next Topic  
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Coincollector110's Avatar
United States
818 Posts
 Posted 03/24/2016  3:38 pm Show Profile   Bookmark this topic Add Coincollector110 to your friends list Get a Link to this Message Number of Subscribers
I just got back from the bank today, but unfortunately, I wasn't careful in checking the bills I was handing over, and accidently gave a 20 dollar bill I had entered to Where's George and the teller immediately started asking questions. I explained that I put the stamp there so I could see where my money went, and she responded with "oh well we can't hand these bills out because customers don't like marked money" which I find funny since I get bills with writing on them all the time from there

I was wondering where the best place to spend marked 20s would be, since I assume if a small business makes a deposit to a bank like this, it's the end of the line for those bills. I heard larger businesses get an armored car service which puts the bills in ATMs so maybe that would be an option, but in the mean time, I learned a harsh truth that my bank doesn't like marked bills.
Edited by Coincollector110
03/24/2016 3:39 pm
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paxbrit's Avatar
United States
992 Posts
 Posted 03/24/2016  3:58 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
The bill is legal tender as long as it is entire and recognizable as a genuine bill. Your bank is blowing smoke, put it in the night deposit with some others with a deposit slip, they'll take it.
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moxking's Avatar
United States
17900 Posts
 Posted 03/24/2016  4:36 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Asking questions? Yes, it's a $20, should have been your answer to all their questions.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 03/24/2016  5:06 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Along with, may I talk to the branch manager.
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RCook's Avatar
United States
449 Posts
 Posted 03/24/2016  5:17 pm  Show Profile   Bookmark this reply Add RCook to your friends list Get a Link to this Reply
I think Walmart gets their currency/coin from a delivery service such as Brinks, Gardia, etc.
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jbuck's Avatar
United States
188213 Posts
 Posted 03/24/2016  5:33 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The bill is legal tender as long as it is entire and recognizable as a genuine bill.
Unless you owe the bank money they do not have to take it. Legal tender applies to outstanding debts, not deposits.


Quote:
...put it in the night deposit with some others with a deposit slip, they'll take it.
Good idea.

Depending on how busy the bank was, you could try the next teller over. It is how I get things done when dealing with my cable company.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 03/24/2016  5:46 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
So Cc110 - did she take the $20 in the end, or refuse it?
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Coincollector110's Avatar
United States
818 Posts
 Posted 03/24/2016  9:54 pm  Show Profile   Bookmark this reply Add Coincollector110 to your friends list Get a Link to this Reply
Yep, they took my marked bill, but I think it had a detrimental effect on my relationship with the tellers there, so I'll probably need to find a new regular pickup bank to use. Luckily, I test for my driver's license in less than a month so I shouldn't have to frequent this branch too much longer.
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