How do you know if money is real or not? You can use these ways to check the bills in your wallet.
Cash isn't used as much as it used to be, but that hasn't stopped people from making fake bills. In a recent Federal Reserve report,
it was said that a 2020 survey showed that only 19% of transactions by U.S. consumers were done with cash. It's harder to find real numbers that show how much money is fake.
People often say that the number is $70 million, but that comes from a report from the US Treasury Department in 2006. Still, fake money is often the subject of local news stories.
For example, a Home Depot employee was arrested earlier this year for stealing $387,500 from the company over four years by taking real money and switching it for fake bills.
Here's how you should look at your cash if you want to learn more about how to spot fake money.
Check how the paper feels. Things to pay attention to: How it feels There should be a crispness. A little bit of raised ink
Check for color-changing ink: Things to watch out for: Ink that changes colour. Look at the right side of the bill. works with bills over $10.
Pay attention to the following when you look at the watermark: The high point Check the bill's right side. Make sure you have enough light. Pay attention to the raised print features:
printing on top. Check the watermark and the ink that changes colour. Check the serial number: Things to look out for: The number of the item If you think more than one bill is fake, compare the serial numbers.
Look for the strip of plastic on the bill. Things to watch out for: A strip of plastic that goes from the top of the bill to the bottom. Check the bill for the word "USA."
THIS ONLY WORKS FOR BILLS WORTH $5 OR MORE. WHEN LOOKING FOR THINGS TO WATCH OUT FOR IN MICROPRINTING: YOU'RE LOOKING FOR TINY WRITING ON THE BILL THAT'S HARD TO SEE. MOST OF THE PHRASES THAT ARE MICROPRINTED ARE ABOUT THE UNITED STATES.
Do You Need Anything Special to Spot Fake Money? Using special tools to find fake money won't hurt, but as you've seen, you don't need them.
The AccuBANKER Cash + Card Counterfeit Detector, which costs $64.99 on Amazon, can find fake bills and cards.