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<p>[QUOTE=&quot;scottishmoney, post: 549472, member: 12789&quot;]What the bank should do according to the BEP and what actually happens are differing from experience.&nbsp; The BEP has their policy, and the banks have theirs, and the banks may leave some latitude for caution in favour of rejecting such items that may end up costing them that amount of money if the BEP or Fed were to reject the item.</p><p><br /></p><p>That doesn&#039;t stop banks from handing out counterfeit $100&#039;s, I got one last fall from a local branch.&nbsp; The teller had handled the note previously - having bought it from another teller for $20&#039;s to have a supply of $100&#039;s.&nbsp; So two tellers at least had handled it, and didn&#039;t notice the different feel, and Lincoln in the watermark(bleached $5) instead of Franklin.&nbsp; At least I was able to hand it back to the teller on the spot, and since the manager in that branch is a personal friend, reported it to her.[/QUOTE]</p><p><br /></p>

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