After putting my 50euro note in till and giving me change, I was told it was a forge

5rtytry56

I was in a "shop" today, Thursday, and tendered a 50 euro note for a purchase and was given the change.
Well and good, I was still in the establishment when the counter assistant said that she felt that the 50 euro note did not look genuine. She asked if I could tender another means of payment, I did - by credit card.
I returned the change to them, given to me in the original transaction.
I later successfully lodged the same 50 euro note in Bank Of Ireland Camden street by the automatic lodgement machine inside.

Not happy with this experience because:

1. How do I know if the staff switched my 50 euro note for another actual forge note?
2. should'nt this test be carried out at the time of the transaction? Why was I given change? Why did'nt the staff have a test?

goz83

1) you don't. So you even know if the note was a fake? If so, you knowingly used forged currency and as it was in a bank, if discovered, you'll be the one in hot water.

2) it is isually placed on, or beside the till and checked before going into it. You were given change, because the note you gave was not seen to be a forgery. Had I been approached after it being accepted and after leaving the till, I would not have agreed to offer an alternative payment. The mistake you made, was agreeing to make alternative payment. You were not accused either, as a request seems to have been made without a full on accusation that you paid with a forged note.

conorh91

Those self-lodge automated machines in the banks must be very vulnerable, if they cannot distinguish between counterfeit and valid notes.

Surely they drastically improve the value of counterfeits?

In the past, people often would take the hit on a counterfeit note and move on.

But by using one of these automated machines, the counterfeit becomes equally as valuable to the holder as the valid currency is. Is that correct?

Graham

conorh91 wrote: »

by using one of these automated machines, the counterfeit becomes equally as valuable to the holder as the valid currency is. Is that correct?

It's only correct IF the note was actually a forgery rather than a genuine note mistakenly identified as a forgery by the shop assistant.

huskerdu

conorh91 wrote: »

Those self-lodge automated machines in the banks must be very vulnerable, if they cannot distinguish between counterfeit and valid notes.

Surely they drastically improve the value of counterfeits?

In the past, people often would take the hit on a counterfeit note and move on.

But by using one of these automated machines, the counterfeit becomes equally as valuable to the holder as the valid currency is. Is that correct?

Not necessarily so. In the case of using a self-lodge machine for cheques, the transaction is not complete until the cheque has been checked by banks staff and they can reverse the transaction if the cheque is not valid. Probably also true of cash transactions.

conorh91

Graham wrote: »

It's only correct IF the note was actually a forgery rather than a genuine note mistakenly identified as a forgery by the shop assistant.

We can probably assume that the OP and the counter assistant were not imagining a counterfeit.

Counterfeit euro-notes are quite easy to spot, once you're looking for the correct signs.

huskerdu wrote: »

Not necessarily so. In the case of using a self-lodge machine for cheques, the transaction is not complete until the cheque has been checked by banks staff and they can reverse the transaction if the cheque is not valid. Probably also true of cash transactions.

That should be easy enough with cheques, because that processing requires a human component to input the information. I don't see how it could be true of cash transactions though, unless all of the cash is separated and quarantined inside the machine, which seems unlikely.

qt3.14

conorh91 wrote: »

We can probably assume that the OP and the counter assistant were not imagining a counterfeit.

Counterfeit euro-notes are quite easy to spot, once you're looking for the correct signs.

That should be easy enough with cheques, because that processing requires a human component to input the information. I don't see how it could be true of cash transactions though, unless all of the cash is separated and quarantined inside the machine, which seems unlikely.

There's recognition hardware of some description inside as well as an imaging function (AIB at least furnishes you a xerox copy of your cheques) so not inconceivable that they retain the serials of each lodgement note. The banks aren't stupid, they wouldn't want to be left holding the counterfeits either.

conorh91

Well, yes there is recognition software in the machine, but in this case the forgery was not detected.

It will be interesting to see whether the OP experiences any difficulty with his lodgement in the coming days.

I am aware the banks are not stupid, but there are elementary problems with ATM machines and fraud, one of which was recently mentioned in the media, following a prosecution. I'm not going to repeat the details here, but it wouldn't altogether surprise me if counterfeit banknotes were difficult to trace and detect using automated machines.

Mongfinder General

I wouldn't worry about it. Absolutely no proof that the OP knowingly put that particular note in the machine.
Mistake the OP made was taking the crap back