How much of a bill needs to be there for them to exchange it for a fresh one?

Moms basement got a bit of water from this rain and a large bill was damaged. 45-50% of the bill and a serial number still on it.

 

55 percent h:

 

i believe you need 40% of the bill and atleast one serial #... i dunno tho...

 

here the value of a "piece" of a bill is proportionnal to the area of the piece.

ei if i have a $10 bill rip it in two, each piece has a value of $5

 

That's outstanding.

SO if you owe someone $5 and all you have is a 20 you can tear 25% off and give it to them? :rofl:

 

apparently you can... i can understand the logic behind it. but then again, you would probably need to go to a bank to get that exchanged, as no stores would actually accept a torn bill. then most probably the bank would tell you that they need to send it to the central bank who in turn will debit the customers account after 2-8 weeks.

 

That's just gay.

 

I always thought you needed >50% of the bill and the bank would give you the full amount. If you have 49% or less you're out of luck. I've never tried to exchange a torn bill, however, so who knows?

 

Well according to the US Treasury, it needs to be over half. But if you can give enough of a statement as to what happened to the rest of it and they believe that it was actually destroyed, then they can give you an exchange.

But that's the US Treasury, you have to send it to them. I'm looking for just a bank to take it and give me the cash.

 

you know.. i might be wrong i remember hearing that a long time ago... and i found this:

http://www.coolquiz.com/trivia/canada/twenty.asp

in this article they say that if 3/5 or more of the bill is intact then it's worth the full value. They also say that if 2/5 or more of the bill is intact then it's worst half it's face value.

that would mean that i could take a $20 but it at the 2/5 point bring both piece the the bank and request $30 for it?!?!

something is wrong here....