Dollar Notes

[rocknroll2]

Greetings, I have some damaged 100 usd notes and was enquiring about the best place to change them? has anyone done this before? Thanks.

[stoneyboy]

They aren't covered in black dye are they ?

[rocknroll2]

Ha Ha, Nah mate. Few rips im afraid.

[NeverSure]

The rule is that you have to have more than 1/2 of the note undamaged and that makes sense. It doesn't have to be perfect, but it has to be evident that it's the single note and that it's real.

The Federal Reserve buys those from banks at face value and they are called "mutts" for "mutilated."

I know of no place other than any US bank that will take them at no charge to you and then give you good bills, or let you deposit them. When that bank has enough to bother with, it bundles them and sends them to a larger correspondent US bank for ultimate sale to the Federal Reserve at par. (Unless of course your bank is the big bank, like B of A.)

There is never a charge for this. If you or a buddy have an account with a US bank, just send them along with a deposit slip and you're golden. You might be able to cash them with Bangkok Bank who could forward the money to the US. Don't let them charge you. In the US they are redeemable for face value along with any other US money.

[rocknroll2]

Thanks alot Neversure.

Cheers.

[Langsuan Man]

....... You might be able to cash them with Bangkok Bank who could forward the money to the US. Don't let them charge you. In the US they are redeemable for face value along with any other US money.

Why would you think that Bangkok Bank is not going to charge for this ?.....they have to buy dollar notes from someone and have the expense of dealing with the cash. Just look at any exchange rate sign, the rate for cash is always lower for bills, just because there are handling expenses dealing with currency, so they make it up by buying low and selling high

[Hedghog]

Thai banks are notorious,for not accepting damaged foreign currency.