How much Australian money is counterfeit?
The level of counterfeiting in Australia remains low by international standards. In 2020/21, around 18,000 counterfeits, with a nominal value of $1.4 million, were detected in circulation. This corresponds to a counterfeiting rate of around 10 counterfeits detected per million genuine banknotes in circulation.
How can you tell a fake 100 AUD?
Genuine banknotes have a clear window – the area around the window is uniformly smooth to touch. The clear area should be part of the banknote and not an addition. Check the clarity of the clear window. Feel the banknote: A genuine Australian 100 dollar note is printed on polymer (plastic) and has a distinctive feel.
How can I tell if cash is counterfeit?
Fake bills may have serial numbers that are not evenly spaced or that are not perfectly aligned in a row. If you received multiple suspicious bills, see if the serial numbers are the same on both bills. If they are the same, then they are counterfeit notes.
How do you check for counterfeit money?
How to Spot Counterfeit Money
- Hold a bill up to a light and look for a hologram showing an image that matches the face of the individual on the bill. Both images should match.
- Looking at the bill through a light will also reveal a thin vertical strip containing text that spells out the bill’s denomination.
How can you tell a fake banknote?
Is your banknote fake? How to spot counterfeit polymer notes
- Changing hologram. When the note is tilted from side to side, the hologram at the bottom should alternate the words “Five/Ten/Twenty/Fifty” and “Pounds”.
- See-through windows.
- Queen in the window.
- Foil crown.
- Purple patch.
- Raised print.
- The small print.
- Ultraviolet 20.
How can you tell if a $1 bill is counterfeit?
Look at the serial number on the bill. The color and shade of these numbers should match that of the bill’s Treasury Seal. Counterfeits also tend to have numbers that are unevenly spaced or lined up crooked. Look for the distinctive red and blue fibers woven into the bill’s paper.
What happens if you accidentally deposit counterfeit money?
Depositing counterfeit money into a bank account is illegal, even if you do not know it is illegal. However, a court would have to prove intent to defraud the bank. Money passes hands every day, so unless you knew the money was counterfeit, you probably would not go to jail.
What happens if you accidentally use counterfeit money?
Under federal law, the use or attempted use of counterfeit currency is illegal if the person has the intent to defraud the recipient. A conviction for the offense carries up to 20 years in prison and a fine.
How can you tell if a dollar is real?