The US monetary authorities presented repairs to this type of copies of their national currency.
He US Treasury Departmenttogether with the Federal Reserve and the associated banks are carrying out a strong renewal campaign of design of the dollars in circulation. Given this situation, they reported that there are specimens that will no longer be accepted in the medium term and what must be taken into account so as not to lose money.
This situation, in addition to affecting the United States, also impacts the rest of the countries that use the dollar for different transactions or as a value reserve, such as Argentina. In that sense, it must be taken into account from when they will stop accepting and what are the tickets pointed out by the organisms to be changed by the newer ones.
50 dollar ticket
Why the US Banks no longer accept $ 50 bills?
Financial institutions such as Bank of America, JP Morgan Chase, Wells Fargo and Citibank have begun to implement the policy of not accepting $ 50 bills since September 2024. The pointed ones are those are those specimens that are damaged, mutilated or in poor condition. This decision is in line with the idea that monetary authorities have to renew these tickets in the near future.
In order not to lose money, what official organizations recommend is to communicate directly with the Office of Engraving and Printing (BEP), which depends on the Treasury Department, to make the corresponding exchange of this type of damaged, spent or mutilated tickets and receive others newer that are accepted normally.
How to change US $ 50 bills rejected in banks and ATMs
These types of mutilated, damaged or spent tickets They will not be accepted by ATMs and regular banks. In order to redeem them, it is necessary to go to the banks authorized by the United States Federal Reserve or directly communicate with the Recording and Printing Office that this type of specimens redeals for free.
The initiative is to get damaged tickets and avoid fakes.
Source: Ambito
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