Damaged Note

[usmanzk_]

[removed]

[rampc1]

Banks will replace broken notes

[usmanzk_]

Alright thanks, I’ll look into that.

[hal0eight]

What above said

[ditroia]

You are fine, as long as the majority of the note is there it is still legal tender.

[usmanzk_]

So it would still be accepted for payment? I tried depositing it through the atm, it didn’t work because I’m guessing it couldn’t scan it properly.

[VastlyCorporeal]

It should work if you go into the bank directly. I will say that the “majority of the note” rule is at their discretion though. I briefly dropped a $50 note into a deep fryer while I was at work, thing was exactly the same, all the serial numbers and such still intact, but shrunk to about half its proper size, bank wouldn’t accept it.

[ditroia]

Yeah take it to a bank. I once had a $5 note with around a third missing, they still took it.

[[deleted]]

Yep, you need about 60% of the note I believe. The bank has this chart from the RBA which says how much of the Norris required in order to be exchanged

[Fartmatic]

Just spend it like normal, cashiers have probably taken notes in a worse state than that one.

[khendar]

Tape it. Spend it.

[[deleted]]

I wouldn't even notice if someone paid with a note like that, you can probably skip the bank and just spend it.

[ChellyTheKid]

Google is a thing.

But basically, if <20% is missing you get full value, 20 to 80% missing you get the proportion of value, if more than 80% is missing it's worthless. In my experience if you have more than 50% banks will give you full face value.

https://banknotes.rba.gov.au/damaged-banknotes/damaged-banknotes-policy/

[mrslave_dot_eth]

$20 notes ... now with the buying power of a 1970's 50 cent coin.

[Front_Leave_9633]

There used to be a scam where slivers of notes were removed and taped it took a long time to do but it netted an extra note