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What does unfit currency mean?

Updated: 9/26/2023
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Q: What does unfit currency mean?
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Does the bank exchange burnt money?

It depends on how severely burnt it is. Banks are able to accept unfit currency at their discretion, but the typical standard is that 3/4 of the bill is intact and/or there are two matching serial numbers present. You should take the money to your bank and ask if it qualifies under their policies for unfit currency. You can also send unfit or mutilated currency to the Federal Reserve (in the United States) directly, via instructions found on their website.


Will a bank take money that has been wrote on?

Yes, most banks will accept money that has writing on it (known as "unfit" currency) so long as it is still identifiable as currency. They may also require that the serial number be legible. You can also submit unfit or mutilated currency to the Federal Reserve directly (in the United States); instructions can be found on the Federal Reserve website.


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