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Article #9252

Re: Law regarding exchanging damaged bills?

#9252
From: emailaddress
Date: Sat, 14 Oct 2006 16:41
27 lines
2336 bytes
On 13 Oct 2006 21:00:25 -0700, robert.nicholson@gmail.com wrote:

>Today I tried to use a $5 bill at a merchant at work and they told me
>they couldn't accept it because their bank wouldn't accept it. Note:
>the bill was 3/4 complete. So I went downstairs to fifth third bank
>branch and they told me categorically that they couldn't exchange it
>unless the serial number (which is the same) was on both sides on the
>bill. Then I went into a National Bank branch across the street and
>asked the teller what I should do about this bill and she flat out told
>me that they couldn't accept it. Only when I explained my understanding
>of the law did the manager proceed to take the bill from me and
>exchange it without question and at no time did they explain why they
>initially refused the exchange.
>
>I told them that my understanding was that if the bill was > 50 percent
>complete that they are expected to exchange it.
>
>I was quite surprised that on this occassion a merchant (manager)
>didn't know the law and secondly that two banks at first tried to say
>they couldn't accept something that by law they are required to accept.

A while ago my electric bill came in the mail torn and tattered.  I
could only read half of it, so I only paid half the amount they
wanted.  (I left a note inside explaining about the torn bill, and
sent it to them).  For some reason they would not accept the terms,
and sent me another bill for the remainder.  I guess this proves you
can get damaged bills replaced.
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From: emailaddress@ISP.com
Newsgroups: misc.consumers,chi.general
Subject: Re: Law regarding exchanging damaged bills?
Date: Sat, 14 Oct 2006 11:41:50 -0500
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