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Mutilated currency is currency which has been damaged to the extent that one-half or less of the original note remains, or its condition is such that its value is questionable. Currency notes can become mutilated in any number of ways. The most common causes are fire, water, chemicals, and explosives; animal, insect, or rodent damage; and ...
- How to Submit a Request for Mutilated Currency Examination
BEP is accepting in-person deliveries of mutilated currency...
- Mutilated Currency Division Contact Information
The best way to contact the BEP’S Mutilated Currency...
- Mutilated Currency Packing Directions
The .gov means it’s official. Federal government websites...
- Mutilated Currency FAQs
Mutilated currency is currency which has been damaged – to...
- How to Submit a Request for Mutilated Currency Examination
Individuals, financial institutions, and businesses may contact the Department of the Treasury's Bureau of Engraving and Printing (BEP) if they are in possession of mutilated U.S. currency, meaning that the currency has been damaged to the extent that one-half or less of the original note remains, or its condition is such that its value is ...
- Overview
- Checking if Your Money Qualifies for Replacement
- Packaging Damaged Currency
- Submitting Your Currency & Receiving Payment
Properly submitting torn or damaged bills so you get the full amount back
Money might not grow on trees, but, luckily, it can be replaced in the off chance it gets damaged. Even if you have a dollar bill completely torn in half, don’t worry! This article will walk you through the process of filing a request to get your damaged currency replaced so you don’t have to suffer the loss of any hard-earned cash.
Take your money to be replaced at your local bank if damages are not too extensive (minor tears, stains, soilage, etc.)
Send any bills that have been extremely mutilated (burns, chemical stains, extreme tears, etc.) to the Bureau of Engraving and Printing along with a letter explaining the damage.
Submit damaged coins to the U.S. Mint for possible reimbursement.
Deliver your damaged money either in-person or send it in through the U.S. Postal Service.
If your money has suffered minor damage (minor tears, stains, soilage, etc.) but is still legible and usable, go ahead and use that currency as is. If it’s damaged but not mutilated, but you don’t want to use that currency for some reason, you’re qualified to exchange that money at your local bank. Keep in mind that each bank will have its own policies regarding what kinds of damaged currency they can accept, and they might refer you to a higher institution instead.
You can exchange damaged currency at any bank. If you want the money directly deposited into your bank account, go to the nearest branch of the bank you’ve opened an account with.
Mutilated currency is defined as having been damaged to the extent that one half or less of the currency remains, or it’s in such a condition that its value is questionable.
Money that has been mutilated or extensively damaged beyond repair or use should be submitted to the US Bureau of Engraving and Printing (BEP) or the U.S. Mint.
Preserve the money to the best of your ability.
Even though the money has been damaged, it may become even more damaged if handled carelessly. How you handle the money as you prepare to pack and ship it may help preserve it, ensuring that you get the equivalent amount of money back.
If the currency was rolled up when it was mutilated, do not attempt to straighten it out. If it was flat, don’t roll, fold, tape, or glue it together somehow.
Altering the money in any way could further damage the currency, and may be seen as an attempt to alter or deface the money, which is against the law.
Package currency carefully to prevent further damage.
How you package the currency may be the difference between getting money back and suffering financial losses. Package the currency in a way that will prevent any further damage and ensure a safe delivery.
Deliver currency in person to the Bureau of Engraving and Printing.
If you live in or near Washington, D.C., you can hand-deliver the damaged currency to the Bureau of Engraving and Printing. The Bureau accepts personal deliveries of damaged or mutilated currency between 8:00 am and 11:30 am and from 12:30 pm to 2:00 pm.
If you don’t live in Washington, D.C. or can’t deliver the money in person for whatever reason, send the currency by mail through the US Postal Service. Pack up the damaged currency and your accompanying letter and
send them through Registered Mail
Request a return receipt as well. Consider also
purchasing insurance on the package
People also ask
How can I redeem mutilated (damaged) currency?
What should I do if my currency is mutilated?
What should I do if my currency is damaged?
How do I contact mutilated currency?
The Bureau of Engraving and Printing (BEP) redeems mutilated currency as a free public service. Please find more information about this service at BEP Currency Redemption Services. Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of ...
Jul 10, 2018 · This means you shouldn’t attempt to separate bills that have fused together, and if your cash was damaged in a purse or box—or, in one case, an animal stomach—carefully pack up the whole ...
Jun 8, 2022 · Here's how long money typically lasts in circulation. Made of 75% cotton and 25% linen, U.S. paper notes are designed to withstand a lot of use. How long a piece of money lasts in circulation often depends on the value of the note. Take a look at the average lifespan of currency in the U.S.
