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1) What do I do if I receive counterfeit currency?

1) Source: Federal Reserve Bank of Minneapolis

Since the consequences for passing counterfeit currency include fines up to $5,000 or imprisonment up to 15 years, you need to be careful. If you have a suspicious bill:

Write your initials on the back so you can identify it later.

On a separate sheet of paper write in detail how you got it:

  • Who gave it to you.
  • Where you got it.
  • When you got it.

Handle it as little as possible to preserve any fingerprints.

Contact the nearest Secret Service office or local police.

You are not reimbursed for turning in counterfeit bills; however, you protect yourself from trouble by following proper procedures.