Did you know that every year the Bank of England gets over 35,000 letters from people claiming reimbursement for damaged notes? That equates to over £40 million. It’s a good job the Bank of England has a Mutilated Banknote service.
One of the most common reasons for damaged bank notes is that they have been burnt. How can this happen? It appears that many people seem to think the microwave or oven at home is a make-shift piggy bank and feel their hard earned money is safely hidden. And it probably is until you forget it’s there and put in your pizza and suddenly realise when it’s too late you’ll be having baked fivers as well.
To claim you must be able to provide proof that the note existed, so at least half of the note must be present and ideally with important bits of information visible such as the serial number, the Chief Cashier’s signature and the ‘I promise to pay the bearer on demand the sum of…’ clause.
All information is taken into account before a decision is made whether to reimburse you or not.
If you have ruined a note or two, then visit the Bank of Englands Damaged and Mutilated Banknote page on their website to find out how you can try and claim a refund.
No comments yet.