1480 Incomplete Badly Damaged Contaminated Banknote Claim Form 091117-2025

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The plastic that Australian banknotes are printed on gives them a distinctive feel. A suspect banknote may feel thicker or thinner and lighter than a genuine banknote. Most counterfeits are printed on paper and can be easily torn. It is difficult to start a tear along the edge of a genuine banknote.
Criteria for Exchange of Damaged Banknotes The Bank exchanges damaged banknotes, including those torn or burnt, ing to the proportion of the part of the original banknote remaining, provided that both front and reverse sides of the banknote are maintained.
The Reserve Bank recommends that owners of damaged banknotes submit their damaged banknotes to their bank/financial institution. These institutions are encouraged by the Reserve Bank to accept all claims.
Incomplete Banknotes If less than 20 per cent of the banknote is missing:Full face value is paid. If more than 80 per cent of the banknote is missing: No value is paid.1 more row
Conclusion. Next time you make a purchase you may use an unfit banknote or a banknote that is slightly damaged (so long as it is not significantly damaged or contaminated). If you choose not to use that banknote, you can exchange it at your bank or an authorised bank in Australia.

People also ask

(KHON2) If you accidentally ripped a dollar bill, you may not be completely out of luck. But what do you do with the mutilated moolah? ing to the U.S. Department of the Treasury, commercial banks will exchange your damaged, or unfit currency, for another, after some checks are made.

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