What happens when you try to deposit counterfeit money at an ATM – and the message you’ll get in return
- A man deposits notes into an ATM to show what happens with ‘fake’ money
- The ATM doesn’t count the ‘fake’ money and puts up an error message
- Many claim the money could be real and it simply didn’t ‘scan correctly’
A man has demonstrated how ATMs can detect ‘fake money’ after inserting a wad of notes into a machine and having two bills rejected as ‘fake’.
The man filmed himself putting several $50 and $100 bills into an ATM to have the money counted and uploaded the results to his TikTok account.
‘Let’s see how much of this is fake money,’ he captions the beginning of the clip.
‘A lot of people don’t relise [sic] how much fake money is in circulation in Australia.’
A man has demonstrated how ATMs detect ‘fake money’ after inserting a wad of notes into a machine and having two bills deemed ‘fake’
The man initially inserts $1300 into the machine – supplied by banking services firm NCR – which ends up recording $1200.
Two error messages appear on the screen during the counting process with an image of a note and the words: ‘Cheque to be returned’ – which the man claims is the machine detecting two ‘fake’ notes that amount to $100.
However, many people in the comments of the video were divided about the accuracy of ATM machines to detect counterfeit bank notes as some believed the NCR machine simply didn’t scan the two notes correctly.
‘Literally just hasn’t scanned correctly, atms do it all the time if you put it back through it will deposit,’ argued one.
‘Doesn’t mean it’s fake…. Just means it didn’t go thru properly!’ added another.
One TikTok user who claimed to have worked at a bank for ’20 years’ said ‘the ATM will reject a note not only because it suspects its fake but because it could be in bad shape (bent)’.
According to the Reserve Bank of Australia, the main way to detect counterfeit notes is to tilt or hold them up to the light to see if they’re missing any distinguishing features that are usually on regular bills.
It is an offense to knowingly possess counterfeit notes. All counterfeit bills should be reported and handed to state or federal police.
Many people in the comments of the video were divided about the accuracy of ATM machines to detect counterfeit bank notes as some believed the NCR machine simply didn’t scan the two notes correctly
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