MODULE 4 CASH HANDLING

Section 1 U.S. Currency  Although the look of the bills has been changing since 1990, the same basic features remain.  Review the portraits on each bill. When counting currency, tellers should count portraits, not the numeral that appears in the corner of the bill.  Although the look of the bills has been changing since 1990, the same basic features remain.  Review the portraits on each bill. When counting currency, tellers should count portraits, not the numeral that appears in the corner of the bill.

U. S. Currency Bill Denominations  $1  $2  $5  $10  $20  $50  $100 Portraits  George Washington  Thomas Jefferson  Abraham Lincoln  Alexander Hamilton  Andrew Jackson  Ulysses S. Grant  Benjamin Franklin

Section 2 Cash Drawer Arrangement  The names for the three compartments may be different per bank.  Working Cash Drawer – this is where cash that you will be accessing most frequently is stored. Same denominations are stored in the same compartment.  Working Cash Vault – stores excess cash that exceeds the working cash drawer limits.  Coin Vault - stores wrapped coin.  All currency and loose coin must be securely stored and locked before you leave each day.  The names for the three compartments may be different per bank.  Working Cash Drawer – this is where cash that you will be accessing most frequently is stored. Same denominations are stored in the same compartment.  Working Cash Vault – stores excess cash that exceeds the working cash drawer limits.  Coin Vault - stores wrapped coin.  All currency and loose coin must be securely stored and locked before you leave each day.

Section 3 Counting Cash  New tellers often are intimidated by more experienced tellers who can count cash quickly. Your speed will increase with practice. Accuracy will always be more important than speed.  Counting Coin Coins are packaged in coin wrappers or rolls. Place the coins on a flat surface and count as you slide them in pairs along the surface and over the edge into your hand. Gather enough for a complete roll. Then initial, teller stamp, and date the roll.  New tellers often are intimidated by more experienced tellers who can count cash quickly. Your speed will increase with practice. Accuracy will always be more important than speed.  Counting Coin Coins are packaged in coin wrappers or rolls. Place the coins on a flat surface and count as you slide them in pairs along the surface and over the edge into your hand. Gather enough for a complete roll. Then initial, teller stamp, and date the roll.

Counting Cash  Counting Currency Two ways of counting currency. The hand-to-table method and the walk-through method. Each method ensures that no bill is double counted. Recount as much as necessary to come up with the same total twice.  Hand-to-table Counting cash that is in your hand as you place it bill-by-bill onto a counter or table.  Walk-through Method Used to count prepackaged money received from the vault. Never use the method to count money received from a customer.  Counting Currency Two ways of counting currency. The hand-to-table method and the walk-through method. Each method ensures that no bill is double counted. Recount as much as necessary to come up with the same total twice.  Hand-to-table Counting cash that is in your hand as you place it bill-by-bill onto a counter or table.  Walk-through Method Used to count prepackaged money received from the vault. Never use the method to count money received from a customer.

Counting Cash  Counting Techniques – Many banks have machines that count currency but you should always know how to count currency manually.  There are several techniques for counting currency. Find one that works for you and use it consistently.  The most common technique is to start with the larger bills and add each denomination as you count.  Receiving Currency and Coins – Count all currency and coin in the presence of the customer. Verify all currency given to by a bank employee.  Counting Techniques – Many banks have machines that count currency but you should always know how to count currency manually.  There are several techniques for counting currency. Find one that works for you and use it consistently.  The most common technique is to start with the larger bills and add each denomination as you count.  Receiving Currency and Coins – Count all currency and coin in the presence of the customer. Verify all currency given to by a bank employee.

Section 4 Buying and Selling Cash  The amount of cash you will need depends on the days transactions.  You may need to use debit and credit tickets when buying and selling cash.  Cash–out ticket is used to record cash taken out of your cash drawer.  Cash-in ticket is used to record cash to your cash drawer.  Strapping and Verifying Currency – Currency is strapped to help you count quickly. Straps should be initialed and date-stamped by the person who counted and strapped the money.  The amount of cash you will need depends on the days transactions.  You may need to use debit and credit tickets when buying and selling cash.  Cash–out ticket is used to record cash taken out of your cash drawer.  Cash-in ticket is used to record cash to your cash drawer.  Strapping and Verifying Currency – Currency is strapped to help you count quickly. Straps should be initialed and date-stamped by the person who counted and strapped the money.

Section 5 Mutilated, Unfit, Altered, and Counterfeit Currency Mutilated –  Not to be confused with an unfit note  Not clearly more than one-half of the original note  In such condition that the value is questionable and special examination is required to determine its value. Unfit –  Consists of notes that are worn, soiled, torn, or damaged Mutilated –  Not to be confused with an unfit note  Not clearly more than one-half of the original note  In such condition that the value is questionable and special examination is required to determine its value. Unfit –  Consists of notes that are worn, soiled, torn, or damaged

Mutilated, Unfit, Altered, and Counterfeit Currency  Altered Currency –A person might alter or raise a genuine bill by tearing off one or two ends or the corners of a smaller denomination bill such as 1 or 5, and replacing them with the ends or corners of a larger bill such as 10, 20, or even 50.

Counterfeit Currency Counterfeit  Unclear Lines  No blue and red silk fibers  Slick feeling  Shaded areas not crisp and clear  Crooked print  Poor spacing  Conflicting serial numbers  Incorrect portrait Legitimate  Watermark  Security thread  Fine line printing patterns  Microprinting  Color-shifting ink  Low-vision feature  Subtle background colors

Handling Counterfeit Currency  Excuse yourself from the customer without indicating a problem  Show the bill to a supervisor  Write your initials and date in the white border of the bill.  You or Supervisor will them explain the situation to the customer  Determine the customer may have received the counterfeit  Obtain the customer’s information  Give the customer a receipt for the bill  Do not credit the customer’s account  Complete a written report for the Treasury Dept  Do not handle the bill more than necessary.  Excuse yourself from the customer without indicating a problem  Show the bill to a supervisor  Write your initials and date in the white border of the bill.  You or Supervisor will them explain the situation to the customer  Determine the customer may have received the counterfeit  Obtain the customer’s information  Give the customer a receipt for the bill  Do not credit the customer’s account  Complete a written report for the Treasury Dept  Do not handle the bill more than necessary.