{"id":824143,"date":"2019-12-19T12:35:28","date_gmt":"2019-12-19T17:35:28","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=824143"},"modified":"2024-11-05T21:37:38","modified_gmt":"2024-11-06T02:37:38","slug":"how-to-spot-a-counterfeit-note","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/banking\/how-to-spot-a-counterfeit-note","title":{"rendered":"How to tell if money is fake"},"content":{"rendered":"<p>If you\u2019re given a counterfeit bill you could have it confiscated \u2014 or even end up in trouble yourself if you spend it. Learn how to make sure your money is genuine.<\/p><h3>How to tell if money is counterfeit<\/h3><p>Canadian money has a number of identifying characteristics and security features you can use to check if a bill is genuine. The <a href=\"https:\/\/www.bankofcanada.ca\/banknotes\/counterfeit-prevention\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bank of Canada<\/a> has released various series of bills that have slightly different security features. Still, many of those features are consistent throughout all of the series.<\/p><p>Below are some general guidelines to help you detect possible counterfeits based on the Frontiers series in circulation as of December 2019.<\/p><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h4>The 8 ways to identify a counterfeit bill:<\/h4><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><ol><li><a class=\"scroll\" href=\"#texture\">Texture<\/a><\/li><li><a class=\"scroll\" href=\"#raised\">Raised ink<\/a><\/li><li><a class=\"scroll\" href=\"#small\">Small leaf transparent window<\/a><\/li><li><a class=\"scroll\" href=\"#portrait\">Metallic portrait in the large transparent window<\/a><\/li><\/ol><\/div><div class=\"u-grid__col u-1\/2@s\"><ol start=\"5\"><li><a class=\"scroll\" href=\"#number\">Number value in the large transparent window<\/a><\/li><li><a class=\"scroll\" href=\"#border\">Border of maple leaves around the large window<\/a><\/li><li><a class=\"scroll\" href=\"#building\">Building illustrated in the large window<\/a><\/li><li><a class=\"scroll\" href=\"#serial\">Serial number<\/a><\/li><\/ol><\/div><\/div><\/div><\/article><p><img decoding=\"async\" class=\"alignnone size-full wp-image-863796\" title=\"Image: Bank of Canada\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Real20BillForCounterfeitExample.jpg\" alt=\"Real $20 bill for counterfeit example\" width=\"1516\" height=\"845\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Real20BillForCounterfeitExample.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Real20BillForCounterfeitExample.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Real20BillForCounterfeitExample.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Real20BillForCounterfeitExample.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Real20BillForCounterfeitExample.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Real20BillForCounterfeitExample.jpg?fit=4548 4548w\" sizes=\"(max-width: 4548px) 100vw, 4548px\" loading=\"lazy\"><br><small><em> The image of the $20 bill above, which belongs to the Frontiers series, was taken from <a href=\"https:\/\/www.bankofcanada.ca\/banknotes\/bank-note-series\/frontiers\/20-polymer-note\/\" target=\"_blank\" rel=\"noopener noreferrer\">the bank of Canada\u2019s website.<\/a><\/em><\/small><\/p><h4 id=\"texture\">1. Texture<\/h4><p>Genuine money has a distinctive texture. Canadian bills are printed on a special polymer paper that feels smooth and like plastic. If you touch a bill and it doesn\u2019t feel right or familiar, it might be a counterfeit. Examine it more closely for further signs of counterfeiting.<\/p><p>Plastic currency was only introduced in 2011, so keep in mind that some older paper-bills may still be in circulation.<\/p><h4 id=\"raised\">2. Raised ink<\/h4><p>An important security feature on Canadian bills is distinct areas with raised ink. If the bill is genuine, there are 2 areas where you should be able to feel raised ink when you rub the bill between your fingers:<\/p><ul class=\"list-9\"><li><strong>The large number value.<\/strong> For example, you should be able to feel the outline with your fingers of the large \u201c20\u201d printed on the front of a $20 bill.<\/li><li><strong>The words \u201cBank of Canada\u201d and \u201cBanque du Canada\u201d<\/strong> on the front of the bill.<\/li><\/ul><h4 id=\"small\">3. Small leaf transparent window<\/h4><p>You should see a small frosted maple leaf with a transparent outline above the large number value. The transparent component is difficult to counterfeit, so the absence of it could be an indication that the bill is fake.<\/p><h4 id=\"portrait\">4. Metallic portrait in the large transparent window<\/h4><p>Inside the larger transparent window you should see a metallic portrait, also known as a hologram. The portrait should be the same as the larger portrait on the front of the bill. It should also change colour as you tilt the bill. A mirrored version of the same portrait will appear on the back of the bill as well.<\/p><p>This is one of the hardest security features to replicate \u2013 making it one of the best checks for counterfeit money.<\/p><h4 id=\"number\">5. Number value in the large transparent window<\/h4><p>Also in the large transparent window, you should see repeating numbers that match the bills monetary value. For example, on a $20 bill there should be a small \u201c20\u201d repeating in a line. These numbers should appear near the word \u201cCanada\u201d beneath the metallic portrait. \u201cCanada\u201d should feel slightly raised to the touch.<\/p><h4 id=\"border\">6. Border of maple leaves around the large transparent window<\/h4><p>Running along the edge of the large transparent window should be an arched row of maple leaves. The row should also cross into the transparent window.<\/p><h4 id=\"building\">7. Building illustrated in the large transparent window<\/h4><p>Near the bottom edge of the large transparent window, you should be able to see a somewhat detailed picture of a building \u2013 not just an outline. The building should change colour when you tilt the bill. The specific building pictured is unique for each denomination.<\/p><h4 id=\"serial\">8. Serial number<\/h4><p>Each bill has a unique serial number. If you receive multiple suspicious bills and the serial numbers are the same on all of them, they\u2019re counterfeits.<\/p><p>There are several databases that claim to have nearly comprehensive lists of every legitimate bill in circulation. You can potentially verify if a bill is a fake by checking if its serial number appears in one of these databases.<\/p><article class=\"luna-card luna-card--primary\"><div class=\"luna-card__block\"><h4>Altered bills vs. counterfeit bills<\/h4><p>Not all fake bills are printed from scratch. It is also possible to take smaller bills, like $5 or $10 bills, and alter them to look like $50 or $100 bills. These will feel real, but features like mismatched hologram images will likely give them away.<\/p><\/div><\/article><h3>What to do with a counterfeit banknote<\/h3><p>According to the Bank of Canada, you should immediately contact local police if you get a counterfeit bill. Try to remember any characteristics of the person who gave you the bill, and write down their license plate number and\/or vehicle description if they get in a car.<\/p><h3>How to avoid counterfeit currency ending up in your wallet<\/h3><p>With digital security increasing, debit and credit cards might be the easiest escape from the risks of counterfeit currency.<\/p><p>But it\u2019s not always <a href=\"https:\/\/www.finder.com\/ca\/banking\/debit-cards\" target=\"_blank\" rel=\"noopener noreferrer\">possible to go completely cashless<\/a>.<\/p><p>Learn how to identify counterfeit money, and take a moment to inspect anything you\u2019re given \u2014 especially if it\u2019s a large bill. If you need to get cash, get it from a bank or ATM rather than getting cash back at a store.<\/p><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Related: <\/span><a href=\"https:\/\/www.finder.com\/ca\/chequing-accounts\" style=\"text-decoration:underline; font-size:0.9em;\">Compare chequing accounts for cashless transactions<\/a>\n<\/div>\n<\/article><h3>Bottom line<\/h3><p>Learning how to identify counterfeit bills can help prevent you from accidentally accepting them. But the safest way to make sure your money is legitimate is to <a href=\"https:\/\/www.finder.com\/ca\/banking\" target=\"_blank\" rel=\"noopener noreferrer\">get it from a bank you trust<\/a>.<\/p><h3>Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Are debit cards safer than cash?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Not necessarily. <a href=\"https:\/\/www.finder.com\/ca\/banking\/debit-cards\" target=\"_blank\" rel=\"noopener noreferrer\">Debit cards<\/a> take the risk of counterfeit money out of the equation, but they come with their own set of risks. To keep your debit card safe, use a chip-and-PIN system, choose a PIN number that\u2019s difficult to guess and opt to insert your card and enter your security pin rather than using contactless technology.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">If I have a counterfeit bill, can I trade it in for a real one?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>No, in most cases the bill will be confiscated and you won\u2019t be reimbursed. The reason for that is that counterfeit money isn\u2019t worth anything, so a bank can\u2019t give you money for it. Also, if banks did exchange counterfeit money for real money, counterfeiters could make tons of fake money and just exchange it for real money with no consequences.<\/p><\/div>\n  <\/div>\n<\/li><\/ul>","protected":false},"excerpt":{"rendered":"<p>Learn how to make sure your money is not counterfeit \u2014 and what to do if it is.<\/p>\n","protected":false},"author":846,"featured_media":784737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[5550],"tags":[5937,5439],"asset_tag":[],"class_list":["post-824143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-bank-accounts","tag-latest-3"],"apple_news_notices":[],"yoast_head":"<!-- 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