Forged Notes...

[Smowball]

What does a bank do if you go to pay in some notes and some of them are forgeries? I ask because a guy I know reckons his friend went to pay some money in the bank and three of the new £5 notes were forgeries and the bank wouldn't take them. I thought they had to siexpze them and report to necessary authorities?

[Mamyalynne]

Yes, they should retain the note/s and contact the Police.

[Mamyalynne]

I think this is general advice but must also apply to Bank branches too.


http://www.bankofengland.co.uk/banknotes/Pages/retailers/whattodo.aspx

[Smowball]

Was meant to say 'seize' in OP!

[ubasses]

Yes the Bank should have retained them, they then complete documentation, send them to the Bank of England. If forgeries the customer loses the money, if proved to be genuine the customer would have his account credited.
Seems a bit early for forgers to have started getting these notes into circulation considering how difficult BofE are supposed to have made it.

[Smowball]

I have checked and there are indeed some forgeries already in circulation but it's early days and I would imagine they will get harder to forge

[SIRandyraven]

Back in 1984, when it was almost all cash, I sent into bank and took out £100 in cash. I was given five £20 notes. I owed my grandmother £100 so gave her the cash that same night and next day she went to same bank and paid in money.
One of the £20 was fake and she was from marched into the managers office and treated like a criminal. This is a 70 year old woman who had banked personally and with a business account for some 50 years.
I was fuming when she told me and I was up first thing and down to the bank I went with the £20 note they gave her back and I asked them to call the police and I wanted to make a statement on how they had given me a forged £20 note.
I then told them I would stand outside the bank and tell everyone going in that the bank gave out forged notes to customers. Anyway they swapped the note and gave me £20min fivers.
I told a friend who worked for the same bank as a cashier and she said if the cashier was given a forged note and missed it, she would pass it on to a customer. Even thou this against the rules and probably illegal.
She said they all did it.
So that was that explained.
I closed my account after that and moved on.

[SIRandyraven]

Now if only we could edit posts ,like grown ups , like i can on other forums I use. But instead enjoy the typos and grammatical errors