A number of counterfeit $20 bills have been noticed by the United Cumberland Bank staff.
“It has not been an abundance but some have come through,” said Rayma Daughtery, vice president, market leader at the Jacksboro branch.
In an effort to assist the retail customers at UCB, the bank will be providing markers that help detect if a bill is counterfeit. If the bank detects a counterfeit bill, it can’t be accepted.
ATMs have a counter the bills go through that determine their authenticity, so money dispersed from the machines is genuine, Daughtery said.
“The current design $20 note first entered circulation on Oct. 2003, and features subtle background colors of green and peach. The $20 note includes an embedded security thread that glows green when illuminated by UV light. When held to light, a portrait watermark of President Jackson is visible from both sides of the note. In addition, the note includes a color-shifting numeral 20 in the lower right corner of the note. View an interactive version of the $20 note and its security features,” according to uscurrency.gov.
“Each note includes security and design features unique to how the denomination is used in circulation. The U.S. government periodically redesigns Federal Reserve notes to make them easier to use, but more difficult to counterfeit. It is U.S. government policy that all designs of U.S currency remain legal tender, regardless of when they were issued,” the website said.
Counterfeit money pens can be purchased from a number of retailers such as Amazon and Wal- Mart beginning at $8 for a pack of five.
Connect HERE for more ways to identify a counterfeit $20 bill. (WLAF NEWS PUBLISHED – 03/04/2019-6AM)