Knight & King Edward TD Bank giving out counterfeit money?

[geeknerd]

also if u put it under infrared camera, one of the two serial number disappears.

[nack]

O_O never heard of banks doing this before

[dark0821]

so at the end of the day, i guess you just have to watch out for these kind of stuff? I dont know though, how does an average consumer defend against this? pocket size UV light or smth? Man scary shit lol, especially being asian, I use cash alot more than cards cuz most places I go to dun accept cards =.=

[CP.AR]

Always have a bill you know is legit in your wallet. When you receive bills, give that one a quick feel while you put the new cash into your wallet.

Fake bills feel real on their own - but once you hold it against the real deal it's quite a bit easier to tell.
The Mint uses quality paper that's woven with bits of fabric and other material. I think they do this on their own, and the equipment is costly - so counterfeit artists can only go so far as to make a bill feel legit when it's new and fresh.

[Preemo]

I bought a black light that hangs on my key chain. Super handy sometimes.

[CP.AR]

^ do the ones from the dollar store actually work? I always thought they would be inadequate... given it's just one little LED

[drunkrussian]

not surprised. A lotta bank employees are either university students who hate their jobs or really stubborn, lazy, dumbass older people who's career went to the shits. The combination of the two means carelessness, and lack of customer service. I've heard so many terrible stories of sheer lack of carefullness like this, that I use PC which doesn't have tellers lol

[Drow]

Originally Posted by b0unce. [?]

Do the bumps on the letters smooth out or fade off over time after being circulated a lot? Or does this only apply to fresher bills?

i dont think they would fade anytime soon.... only under extreme wear and tear would the bumps be gone... but doubt it

[HondaGuy]

From what I've been told (at my bank) is when person A deposits $10000 cash, the banker will check if any bills are real or fake (oftentimes).

The ATM machines doesnt know if its real or fake. It just a machine where bankers will place money into the drawer and wait for you to withdraw.

[GLOW]

Originally Posted by HondaGuy

From what I've been told (at my bank) is when person A deposits $10000 cash, the banker will check if any bills are real or fake (oftentimes).

i was surprised when i deposited $3,000 one time they didn't check the bills and just threw it in a plastic bag and processed it. i was hoping/expecting to have it checked with a machine or something.

i'm really surprised the bank didn't step up and take some sort of responsibility, but i guess it depends on the bank manager - which is hit or miss in my experience.

[MindBomber]

Originally Posted by i-vtecyo

Well its hard to believe but it happened to me on april 14. I didnt realize that the $100 they gave me was fake until today. I took out $500 and asked for (5) 100 bills on thursday april 14th. They counted it right in front of me and i have never heard of banks giving fake money so i trusted them. Anyways today i went back to the bank and asked if my $100 bill was fake because the gas station wouldnt accept it. The teller said yes and also stated that there were two fake 100 bills given out recently from their branch. Then i told her my story and she went to speak with the manager. The manager did not believe that i withdrew the money from them until i showed them the receipt. Even so, she denied that it was their fault and stated that when they count the money for us, it is our resposiblity to check if they are fake. I was really pissed off at that time and started to raise my voice because they are a bank shouldnt they be checking for counterfeit money before passing them on to other people? She even denied that 2 counterfeit bills were given out recently and said we probably misheard even when i had a friend beside me who heard the same thing. Anyways after minutes of arguing, they talked with the head manager and i got my $100 back. After that when i got home, i and told my parents what happened. Immediately they called the TD branch and they hung up after my dad mentioned about the them illegally passing out counterfeit money.

Two words.

Credit Union.

[twitchyzero]

are counterfeits usually 50/100 versus 10 and 20's?

[Timpo]

Originally Posted by twitchyzero

are counterfeits usually 50/100 versus 10 and 20's?

everything...even coins

[Manic!]

Family's owned a gas station for 20 plus years and have had only 2 or 3 counterfeit bills. Counterfeiters now mix suntan lotion with the paper to get by black lights. Best ways to check are to use your nails to feel for ridges on the shoulder of the person on the bill and to see if the hologram strip is on both sides.

[Manic!]

Originally Posted by Captain Picard

^ on my fake 100s they had the hologram strip which changed to multiple colours, the microprint, the braille/bumps, the twopiece "100" on front and back (that lined up to make 100 when you shine it through) and the watermark when you put it up against the sun.

Only thing that was wrong was the UV and "removable" hairs on the bill
hell even the paper felt real.... for a while

Are you 100% sure it was counterfeit?

[darkfroggy]

I have heard that bills that have gone under the washer lose some UV capabilities. However, they are still legal tender.

[HondaGuy]

Originally Posted by GLOW

i was surprised when i deposited $3,000 one time they didn't check the bills and just threw it in a plastic bag and processed it. i was hoping/expecting to have it checked with a machine or something.

i'm really surprised the bank didn't step up and take some sort of responsibility, but i guess it depends on the bank manager - which is hit or miss in my experience.

Exactly my point.

I deposit a specific sum each month for commercial/business purposes and maybe cause its done over 10 years that they know me and my record has proven well on their computer that they dont check.

BUT... I would like to know if any are fake cause then I can chase down the person who gave it to me.

And most of all, I wouldnt want to do anything illegal on my part.
But yes, its up to the staff or manager to check...so its their discretion.

[i-vtecyo]

Originally Posted by HondaGuy

Exactly my point.

I deposit a specific sum each month for commercial/business purposes and maybe cause its done over 10 years that they know me and my record has proven well on their computer that they dont check.

BUT... I would like to know if any are fake cause then I can chase down the person who gave it to me.

And most of all, I wouldnt want to do anything illegal on my part.
But yes, its up to the staff or manager to check...so its their discretion.

If this is how they do their "jobs", lets say next time this happens to any of us except we catch them on the spot, what legal action could we take?

[Chestnut]

counterfeit bills do get into the circulation once a while and it isn't unheard of when a bank/credit union hand out a counterfeit to an unsuspecting customer. Sorry to say, but everyone makes mistakes and I'm sure it wasn't on purpose. Institutions usually report and take the counterfeits out of circulation as soon as they are spotted and would never let go back out on purpose.

If you receive a counterfeit bill from a bank machine or a teller and only notice the fake after exiting the bank, go back to the institution right away and notify them of the bill/s in question. Usually the institution will have no problem exchanging the bill. The longer you wait to go back the harder it will be for you to exchange it, makes sense.

[CP.AR]

Originally Posted by Manic!

Are you 100% sure it was counterfeit?

yup
two police officers checked it out, thought it was real
3rd one popped into the office (just at the right moment) and said just to make sure - check the black light

checked it, and boom the UV words were missing (should say BANK OF CANADA) on the left side (near the hologram area)

that and of course how the "100" was printed "with" the hologram strip rather than "on" it

Oh yeah and the 100 wasn't raised too terribly well, if you closely look at it it just seemed like they rubbed it against some dots to make it feel slightly thicker



I was really stressed about this for a while, so much that I couldn't sleep.
Thank god for supportive parents.

[Jayhall]

shit happens, dont use cash if you are that afraid of fakes.

[Manic!]

Originally Posted by Captain Picard

yup
two police officers checked it out, thought it was real
3rd one popped into the office (just at the right moment) and said just to make sure - check the black light

checked it, and boom the UV words were missing (should say BANK OF CANADA) on the left side (near the hologram area)

that and of course how the "100" was printed "with" the hologram strip rather than "on" it

Oh yeah and the 100 wasn't raised too terribly well, if you closely look at it it just seemed like they rubbed it against some dots to make it feel slightly thicker



I was really stressed about this for a while, so much that I couldn't sleep.
Thank god for supportive parents.

The Bank of Canada does not recommended using a black light to check currency. I have a feeling your money was real. The police should send it to the Bank of Canada for verification and let you know.

http://www.rcmp-grc.gc.ca/qc/pub/con...eiting-eng.htm

What to do if

... you are in possession of a counterfeit note or a suspected counterfeit note?

If you think that you have detected a counterfeit note, you should, if possible:

* Keep the note and record all relevant information (denomination, serial number, etc.).
* Record the details on how you received the note: time, context, description of the person who gave you the note, description of any accomplices, vehicle license plate number, etc.
* Contact your local police.
* Give the note to the police. Ask for a receipt. The note will be returned to you if it is determined to be genuine by the Bureau for Counterfeit and Document Examinations.


http://www.bank-banque-canada.ca/en/...ic_leaflet.pdf

[ooops]

if i sell anything over $100 on Craigslist I always ask that we meet up at the mall and withdraw at the bank together. I just tell them the counterfeit situation, and normally they understand. If not, I rather sell to the next buyer.

[TRDood]

You had 4 other real bills to compare with. Did you not check the bills you receive?

I always check my bills.
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[LiquidTurbo]

Originally Posted by Timpo

everything...even coins

Man that's awfully hard to tell it's fake, esp if the weight is identical....