Goodbye to these bills: Target and Walmart announce they will no longer accept these dollars starting in December

Stricter regulations on damaged and counterfeit currency are part of the U.S. government’s increased efforts to safeguard the integrity of its monetary system. Measures are being implemented to make sure banks, shops, and ATMs reject unsuitable cash in coordination with the Secret Service, the Bureau of Engraving and Printing, and the Advanced Counterfeit Deterrence Committee. Notes that are deemed mangled because of cuts, stains, discolouration, or severe wear fall under this category.

Companies including Walmart, Target, Costco, and Dollar Tree will have to modify their systems to detect and reject banknotes that don’t fulfill circulation requirements as a result of these new regulations. If judged unsuitable, even earlier high-denomination notes—like the $500 and $1,000 notes that are still in use but no longer produced—may be rejected.

How to redeem a damaged bill

You can contact the Bureau of Engraving and Printing to request reimbursement if your bill is damaged by following these steps:

• Submit the damaged bill for evaluation by the Bureau.
• Fill out a form describing the extent and nature of the damage.
• Await the Bureau s assessment using specialized tools to verify authenticity.
• If approved, you will receive a check for the full value of the bill.

The Federal Reserve also intends to issue updated bills with cutting-edge security measures as part of its continuous efforts. The purpose of these upgrades is to increase public trust and discourage counterfeiting. Between 2028 and 2038, new $50, $20, $5, and $100 notes will be progressively released with features including watermarks, 3D ribbons, and color-changing ink.

These actions demonstrate a dedication to preserving the U.S. dollar’s dependability and security, guaranteeing its continued status as a reliable international currency.