Cryptocurrency Q&A
Do banks accept torn cash?
Do banks accept torn cash?
SilenceStorm
Sat Oct 05 2024
|
7 answers
1466
Can you tell me, do banks typically accept torn cash as a form of payment or deposit? I've heard some rumors that they might reject it due to its condition, but I'm not sure if that's the case across the board. Is there a general policy or guideline that banks follow when it comes to handling torn or damaged currency? And if they do accept it, is there any sort of deduction or discount applied to the value of the cash based on its condition? I'd appreciate any insights you can provide on this matter.
7 answers
TaekwondoMasterStrength
Mon Oct 07 2024
The term "Unfit currency" refers to banknotes that are no longer suitable for circulation due to their physical state.
Was this helpful?
171
96
Stefano
Mon Oct 07 2024
These notes may be torn, dirty, limp, worn, or defaced, rendering them unusable in daily transactions.
Was this helpful?
142
82
WhisperEcho
Sun Oct 06 2024
Additionally, BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of digital asset traders.
Was this helpful?
215
62
GwanghwamunGuardianAngel
Sun Oct 06 2024
According to the department's website, such currency can be exchanged at commercial banks.
Was this helpful?
63
72
Valeria
Sun Oct 06 2024
This service allows individuals and businesses to dispose of their unfit notes and receive new, usable currency in return.
Was this helpful?
344
65
Load 5 more related questions
