General Question

janbb's avatar

Is a taped bill legal tender?

Asked by janbb (57156points) October 12th, 2015

Just pulled a $20 out of my pocket and it is torn nearly in half. Can I tape it and use it?

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10 Answers

elbanditoroso's avatar

Yes. Or you can take both halves to the bank tomorrow and they’ll trade you for a good one.

janbb's avatar

Thanks!

SQUEEKY2's avatar

Yes and that goes for Canada as well,but our bills now are made with a plastic like material that is supposed to be tear proof.

Coloma's avatar

Yes, and you can tape a torn check too. I have ripped open envelopes with checks and torn them and just taped them together again and took them to the bank.

rojo's avatar

Yes, @SQUEEKY2 we have that too only we call them “debit cards” ;)

CWOTUS's avatar

As long as you present more than 50% of the note to a bank (how much more I cannot say, and I also can’t vouch for every branch manager to be aware of this), then they should retire it and replace it. (I don’t know how retired currency is guarded and transported back to the disposal facility, because obviously once your 50%+ bill has been retired if it got back into circulation someone else could do the same thing.) So, yes, worn and damaged notes still have value until they are retired.

Response moderated (Off-Topic)
XOIIO's avatar

In Canada supposedly no, I was told not to accept any damaged currency as it is not legal tender anymore. Take it to a bank and they should take care of it though.

Espiritus_Corvus's avatar

Yes, but you must be able to present pieces with both serial numbers. This prevents the redeeming institution from paying out twice.

Love_my_doggie's avatar

@Espiritus_Corvus “Yes, but you must be able to present pieces with both serial numbers. This prevents the redeeming institution from paying out twice.”

So a little white-out, plus some handy work with a green magic marker, and I’m good to go.

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