Good Morning All,
Just a quick alert that one of our BIA members received a counterfeit $100 bill yesterday. It has been reported to the police. Shayne, the manager of the Green Merchant where the bill was used, has put together a few helpful tips and has provided a guidebook from the Bank of Canada for all of you to review. Please take a few minutes to read through he attachment - the last thing we want is for you to end up with counterfeit money.
Also, one of our members who works in an office had their keys and wallet stolen yesterday while they were in the washroom. A reminder that if you're working in your office or store alone, put your personal items away and lock the office/store door if you are stepping away for a few minutes.
Thanks,
Susan
Tips for identifying counterfeit bills
Tips for identifying counterfeit bills
Some discrepancies that could be identified immediately:
- On the back of the bill, there is only one serial number - all bills will have two identical serial numbers printed on them. This is in case the bill rips in half, you can identify that the bill is the same. Note how the back of the 100 bill (the top one) only has one serial number
- Bills are made from plastic- the fake one is paper. The person actually cut the clear plastic part from a 5$ bill and taped it together. You can tell because the metal shiny part in the clear section has Wilfred Lauriers face and 5 5 5 5 5 5 written all down it - the bottom bill has Robert Borden and 100 100 100 100 100 written down it
- Bills aren't generally taped together. It should be a first sign that something is wrong with the bill.
If you suspect that you’re being offered a counterfeit note, assess the situation to ensure that you are not at risk. Then, do the following:
- Politely refuse the note and explain that you suspect that it may be counterfeit.
- Ask for another note (and check it too).
- Advise the person to check the note with the local police.
- Inform your local police of a possible attempt to pass suspected counterfeit money.
- Be courteous. Remember that the person in possession of the bill could be an innocent victim who does not realize that the note is suspicious.