Bank Customer Allegedly Receives Counterfeit $100 Bill

A customer at Sovereign Bank allegedly received a counterfeit $100 bill from the bank this afternoon. The customer tells TLS he withdrew several hundred dollars from the Madison Avenue Bank this afternoon, and when he pulled out one of the bills to use it, he noticed it was fake.

The customer called police to complain, but was told that since he had left the bank premises, there was nothing they could do and the money could not be refunded.

Police however, took the fake $100 bill from the customer and are investigating the incident. TLS-CCP.

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20 COMMENTS

  1. I once had the same story at the same bank. I complained to the bank and they said that since I already left it was tough luck. I was then interviews by the secret service(I think that they investigate counterfeit bills) and never heard from them again.

  2. Has the same happen in the Avenue P branch in Brooklyn during a transfer to a citbank (I withdrew from Sovereign and put in Citi and cit noticed the fake). You end up losing out because the money gets confiscated by police. Folks beward of Sovereign. This isn’t the first time its happened. Check your bills when you get them there.

  3. This means that counterfeit bills are circulating in the area. The larger the bill, the more risk is involved. Customers that need large bills should ask the teller to verify that the bills are authentic. Bills can be authenticated by reasonably priced devices, seen in many retail establishments. Banks also have them.

    Twenty dollar bills are the most frequently counterfeited. Be careful out there.

  4. any bank will refund it up until you leave their property. Once you leave their property they no longer take responsability. Technically you could have gotten that fraudulent bill elsewhere.

  5. With a 14 Trillion dollar deficit I think it’s safe to say all US currency is at least somewhat “counterfeit” and becoming more so as the government keeps printing more.

  6. Passing it back to the bank would be useless. If they spot the bill it would be confiscated anyways. On top of the investigation you would be bringing on yourself.

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