You are here: Home » Advice » How to Redeem Torn Money

How to Redeem Torn Money

Have you ever ripped a dollar in half and tried to spend it? If nobody accepts it, here’s how you can keep the value of your money.

Okay, we’ve all ripped our money before. It sucks, especially if the bill is worth a lot of money. Of course, if you try to pay for a purchase with a fifty that’s completely halved, not everyone is going to accept it. 

So what can you do?

Here are some tips to help retain the value of your money.

*Note: No matter what, you require a serial code on each half of the banknote in order for it to keep its value. If both halves have the code, then you’re set.

  1. Take both halves of the note to the bank. Depending on the banker, they might just replace it for you. But not always.
  2. If you simply want a quick fix, just try taping the two halves back together. Make sure to line the halves up accurately, and use clear tape. You want it to be as unnoticeable as possible. Of course, some cashiers may be nice enough to accept a taped-up bill. 
  3. When all else fails, mail both halves of the bill to the Bureau of Engraving and Printing. The Department of Treasury will send you a government check, guaranteed. This method of redeeming your dollars can be a bit of a hassle, though, so you may want to save it for when you tear that Benjamin. After all, with the price of postage these days, you might just be losing money on this deal.

Remember, if you are in possession of two halves of any kind of bill that both have serial codes, then that money is still worth the same! Don’t give up, and make sure that dollar lives up to its value!

Liked it
Powered by Powered by Triond