this is why I have a money counter with 3 modes of counterfeit detection.
When I come home from a trip with 100-200 bills I want to be sure of 2
things when I deposit them
1) I have counted them correctly and
2) someone at the bank doesn't take $100 from me
if the counter spits out one of the bills then I don't deposit it
you can buy a good device for around $199 and it only has to save you 1-2
bills or even some hassle to make it easily worth it
In a message dated 9/22/2010 1:25:25 A.M. Eastern Daylight Time,
b.glazer@att.net writes:
2. Beware of Counterfeit $100 Bills
A man in the LA area here recently withdrew some money from
his credit union. He then deposited it into his Chase
account at a teller's window.A few days later the man recieved a notice from his Chase
and was stunned: a $100 bill in his deposit was determined
to be counterfeit after the man had exited the bank. So
Chase decided to subtract $100 from the original deposit
amount and reduced the man's balance.
The most shocking thing to me on this is the timing at Chase -- how does
one defend against their action if this is done after you've left the bank
and lost the "chain of evidence" -- if the teller slipped a bad bill into
your batch in exchange for one of your good bills AFTER you left and then
calls his "super" to begin the rest of the events, how can you possibly prove
that your bills were all good -- and how can they provide a chain of
evidence to prove that the counterfeit was in your batch?
This could be done to anyone who did NOTHING wrong and deposited nothing
but good bills, if they can accept your money and then come back later and
tell you it's "bad". Even without a crooked teller, how can they assure that
your bills weren't admixed with others that included the counterfeit? To
my mind, they have their ONLY chance while you are making the deposit, once
they accept your money and give you a receipt, they've essentially vouched
for your money, and the mistake, if there was one, is on their shoulders.
I would think that in any circumstance where they've accepted your money,
one could file a complaint with someone (aren't there both state and
federal oversight agencies?) about what happened, and it would be the bank, not
you, in trouble.
But that's all if things are "fair" and "just" - I do understand that laws
and banking procedures are often neither.
--BG
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