Cash & Bills: Everything you need to know about valid, invalid, or damaged currency

Does anyone know where I can swap Mexican dinars for US dollars here in Washington, D.C.? 😁 The Federal Reserve doesn't handle it 🙄 , and even the local banks and currency exchanges won't touch them 😲
Anyone have a lead?

Maybe try asking at Wells Fargo.
Give them a call.
From what I can tell, if I'm remembering correctly, they just rolled out an exchange rate service for the BAM—you know, the Canadian and Herzegovinian convertible mark.

It seems likely they'll offer one for the rupee too, assuming they haven't already.

They aren't changing anything over there either 😢

It’s honestly ridiculous—you can't even swap out a neighbor's currency anywhere 🙄

So, did you actually ask them if they’re planning to roll that out anytime soon—and more importantly, what was their actual response?

Bring them down to Miami and I’ll show you how it's really done🙂 🤣 🤣 🤣

Kevin Edwards35 said:They aren't changing anything over there either 😢

It’s honestly ridiculous—you can't even swap out a neighbor's currency anywhere 🙄

Now that is what I call a golden opportunity for a real business.

graniteviper82 said:So, did you actually ask them if they’re planning to roll that out anytime soon—and more importantly, what was their actual response?

The girl I spoke to was so clueless she couldn't even handle my first question. She just put me on hold and went off to go find someone who actually knew something. 🙂
Look, I’m interested in where I can get this done right now. Not a year from now.

I’ve got $200 in damages to sort out, and I somehow end up being bounced from Chase to Wells Fargo, then over to Washingtonian, and finally sent back to Wells Fargo by FIN. It feels like they're just running me in circles at this point. I guess there has to be a way to actually resolve this. This is all happening down in Miami.

Pure stupidity...
The Treasury Department should have been able to handle this swap...🙂
I honestly can't fathom why they couldn't just get it done...

Well, I know they’d probably tell me they don't do that sort of thing

You can swap it out at a > branch, but there’s a catch; if the bill is damaged and they can't see the full serial number, they'll hit you with a fee—I think it's about 1% of whatever amount you're bringing in, so maybe 2 >. You could probably try any big bank, but I guess at > they just didn't feel like dealing with the hassle!
Don't even bother trying at a currency exchange.😉

PSMTR, I'm heading in this Monday, and I won't even bother asking if they'll let me swap things around; I'm just going to tell them I need the change made.

So, there was this one time I stumbled upon a $100 bill—but it was a bit of a mess, you know? It had a few little holes in it. I tried my luck at a bunch of different banks, some currency exchanges, even checked with the Treasury, but nothing seemed to work... until I finally had some luck over at JP Morgan Chase! Apparently, they send those damaged bills off to Germany where they get swapped out for crisp new ones. From what I gathered, you have to open an account first, which costs about $6.75, and then there’s this tiny little fee—maybe 1-2% of the bill's value? The whole thing takes maybe 20 days or so before the cash actually hits your account. In the meantime, they just mail you your card and PIN.

Then, on another occasion entirely, I accidentally left a $33 bill in my jeans during a wash cycle. Talk about a disaster! The color was totally faded and the paper felt all thin and flimsy, though thankfully it didn't tear apart. I headed down to the Treasury, showed them the note, and the lady at the counter—bless her heart—just handed me a fresh one right then and there! No massive paperwork, no long procedures, just a quick exchange along with a little side comment. Anyway, I hope that helps someone out!

Does anyone here happen to know exactly where I could exchange DEM—German marks—for European Central Bank funds in the US or maybe nearby? I guess I’d appreciate any info if someone knows.

Nowhere else, straight to Germany

I honestly think they’re only making those changes over at the Federal Reserve headquarters—or whatever they call their main office these days.

Does anyone have any insight on this? I think there might be a specific bank in Canada that handles these types of transactions.

not likely
I mean, I'm pretty sure that kind of thing is strictly handled by the Federal Reserve... you know, since only one major bank handles all the currency exchanges, and they're only open from 8 to 1, basically acting as the central authority for the whole country, so no other bank would even bother sitting down at the table to discuss it anyway
besides, why on earth would people in Canada feel the need to change anything about it?

It is possible to perform an exchange at a JPMorgan Chase in Washington, D.C., for instance, but their fees seem excessively high. I suppose I don't quite grasp why this is an option in America while it isn't available in Canada. If anyone happens to have more information on this, I would appreciate the help.

I have a question—I’ve managed to accumulate quite a bit of US dollars and cents, along with some other currencies too... I was wondering, where in the San Francisco area would be the best place to exchange these for USD? Thanks!