A man drew $40 dollars from the ATM but the money came torn. Netizens poke fun and said that it’s not an automated teller machine (ATM), its a paper shredder.
He posted a question online asking what can he do with the damaged money.
Here is what he said:
“Hi, anybody come across this problem?I withdraw $40 from ATM machine, end up the dollars came out is like that.Can’t be use due to the corner was gone.Can return to bank?“
Answer:
According to the Monetary Authority of Singapore (MAS), the proper term is mutilated currency (damaged). If the damaged condition of the note is not damaged too badly banks will normally take it back.
However, if the notes are damaged to a large extent the notes might not be accepted for an exchange.
Under usual circumstances, Â as long as the note’s serial numbers are intact, u can exchange it at local banks for 1-to-1 exchange.
Netizens with similar experiences
- My dog chewed my $50 note to pieces, I picked it all up and pieced it back tgt at the bank and it was replaced on the spot. Bank teller was amused
- I just deposited a torn note into the ATM machine yesterday…
- Serial numbers are there, should be no problem returning back to DBS. Other banks, not sure!
- Use them to top up your Ezlink card, most of the times will go through.