A post by @federalreserve on X.
#FedFAQ: Do you have damaged or mutilated currency?
@federalreserve on X
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The Federal Reserve reminded consumers that damaged or mutilated U.S. currency should not be sent directly to the central bank, directing them instead to the process outlined in its #FedFAQ guidance. The tweet, which included a link to the Fed's currency-replacement resources, did not specify dollar amounts, thresholds or processing timelines. The reminder matters because the Fed handles billions of dollars in notes each year and routes worn or torn bills through a formal redemption process rather than accepting them directly from the public. Consumers should watch for the linked guidance on how banks and depository institutions submit damaged notes on their behalf.
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