How to Redeem Burned Money
People face trouble when they get their money damaged by chemicals, water and fire. Burning of the currency notes is one of the most common things that damage the notes and many people do not know what to do in order to get compensation. However, there are ways through which you can redeem your money but many factors are involved in it. The most important thing in this regard is that what is the percentage of currency is still identifiable after getting burnt. If you are living in U.S.A, and have got your currency burnt, then you should contact U.S. Treasury Department which is the main authority that deals with the damaged currency matters.
However, it is very important to identify that how much part of your currency caught fire. There are different regulations in this regard. Many people do not know how to deal with the burnt currency problem. They also do not have any idea that they can redeem their damaged money. If you are also in similar kind of situation and want your damaged currency to be redeemed then you can take guidance from this post which will help you in getting knowledge about how redeem your money.
Instructions
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1
First of all, you should examine the damaged currency and if the notes are identifiable more than fifty percent then you are safe as you can redeem it without facing any hassle.
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2
Contact the U.S Treasury Department after examining the condition of burnt currency notes. They will deal this matter and if your currency has an approximately fifty percent damage, then there is a great chance that you will get it back.
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3
You should email or go personally by taking the mutilated currency to the U.S Treasury Department’s section of Federal Bureau of Engraving and Printing. Their experts will carefully examine the condition of damaged currency.
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4
You should take the money carefully by packing it up in an appropriate box. Make sure you have not folded it after burning. Keep it in the similar condition which will help the examiner to check with ease.
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5
Carefully separate the coins, if any, from the damaged money and take the currency notes to the concerned authority.
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6
Make sure you have not rolled the notes and also do not unfold the notes which were folded when they caught fire.
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7
Write a letter to the concerned authority stating the estimated worth of your damaged money and also write details explaining how the money became damaged.
