When used responsibly between peers, payment and cash transfer apps can be a very convenient way for friends to share expenses or pay back borrowed funds, but exercise caution before hitting “send.” Catch our latest blog post for more on Peer-to-Peer (P2P) payment systems. #membersfirstga #paymentapps #p2p #peertopeerpayments

Mutilated Money: Is the end really the end?

emoji questioning if mutilated money can be cashed in

Ever wonder what happens to bills that have been burned, damaged by liquids or ruined by…. other methods?  Most might think it’s the end of the line for these bills, never to grace your account or piggy bank again, but maybe not.

Did you know there’s an actual department waiting to receive your damaged Franklin’s (yes, your Washington’s, too)?  Yep, the cash from Jenny’s jeans you accidentally ran through the washer or the shredded moolah from the wallet you accidentally mowed over last Saturday morning could be returned to you for full value if:

  • Clearly more than 50 percent of a note identifiable as United States currency is present, along with sufficient remnants of any relevant security feature and clearly more than one-half of the original note remains; or, (
  • Fifty percent or less of a note identifiable as United States currency is present and the method of mutilation and supporting evidence demonstrate to the satisfaction of the Treasury that the missing portions have been totally destroyed.   (
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