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At a bank.
If you take a damaged US dollar currency to any US bank, the bank will replace it and return the damaged one to the US Department of Treasury which then destroys old, damaged, ripped, or unusable currency.
When returned to the bank, they are sent to the Reserve Bank and destroyed.
why is your bank account under investigation by your bank?
it should be taken to a bank to be exchanged
Plastic banknotes were invented in Australia by the Reserve Bank of Australia and the CSIRO.
Bank of America will give home loans to people with damaged credit. It depends on how badly the person's credit is damaged. A person may have to get their credit fixed before receiving a home loan if the damage is too bad.
All damaged coins are withdrawn from circulation at the bank and returned to the Mint for melting down.
Is world bank under the control of IMF
Damaged or worn out notes and notes that are withdrawn from circulation are returned to the Bank of England for destruction.
At their discretion, if the check is legible and otherwise negotiable, the bank may accept a damaged check.
See the Bank of England link to "Damaged and Mutilated Banknotes".