Yes, best to do it at a bank so they can take it out of circulation.
No. A Torn check is not legal tender and cannot be cashed.
No, you cannot use a torn U.S. dollar bill that is cut in half for transactions. The U.S. Treasury states that a bill must be at least 51% intact to be considered legal tender. If a bill is damaged, it can typically be exchanged at a bank for a full-value replacement.
No matter how old a 2 dollar bill is, the sad truth is that it is STILL worth 2 dollars.. They are uncommon, but aren't really RARE...
Well honey, a pound of fifty dollar bills is worth exactly the same as a pound of one dollar bills - $453.60. Money doesn't discriminate based on denomination when it comes to weight. So if you're looking to lift some cash, just remember it's gonna weigh the same no matter the bill.
The bank will replace it if you have both serial numbers complete.
You can. If it is badly damaged, it might be better to take it to a bank and trade it for a new one.
A bank will only replace a bill if it is more than 50% intact with at least two corners as part of that intact piece.
tape them
Banks are allowed to replace torn currency. However the piece you have has to have the complete serial number and be at least 2/3 of a complete bill. Those conditions are intended to prevent people from cutting bills in half and redeeming each part for the full value.
It depends on the bank. Some banks require at least 3 corners of the bill. Some require more than 51% of the bill. And some require both serial numbers. It all depends on what bank you go to.
It depends on how much is torn and if you have both sides. As long as you have at least 2/3 of the bill including at least one serial number it still retains its full value and can be exchanged at your bank for a new bill. So basically whatever bill you have in this case on the $500 if you have part of the bill that makes it to at least President McKinley's nose from either side then it will still be worth $500. Small tears where the bill isn't fully severed still retains its value as well.
The serial number of a bill is almost never a determinant of its value. You need to provide the bill's date and, if it exists, the series letter (a single letter after the date). Also, how worn is it? Just folded, torn anywhere, or is it crisp and unfolded?