I am currently working in one of the famous money remittance in our country, Philippines. One of the advantages that I have gained in working to this kind of financial institution is that we are exposed to different strategies on how to handle and disbursed money to avoid cash shortages and overages, be mindful to the modus operandi of different people involved in crimes, being alert on Anti-Money Laundering and most especially, taught on how to detect fake bills.
In everything we do , it always involves money. We work and get paid, we purchase an item in a grocery in exhange for our bills, we blog and earn.Everything involves money.
Money is used as a payment everytime we purchase goods and in every transactions we made.
Now let me share to you some of the little things I knew.
Security Features
What do we mean by Security Features?
A Security feature is an element within the note which is difficult to reproduce,
an anti-counterfeit measure.
What is it for?
It is used to combat an increased threat in counterfeiting.
Photo credit to: https://google.com
Ways on how to check a fake bill
T. I. L. L
This is a simple tool. It will help you remember the steps to take when you check cash.
What does TILL stands for?
T
ouch the bill
Use your sense of touch in this part. By simply touching and feeling the texture of the money, it will help you distinguish a fake and a real one. Just like how cold the feeling of your boyfriend when he's already cheating on you. 😋
T
i
lt the bill
hold it proportion to your sight then slowly tilt/move the bill forward and backwards. This must be observed when you receive money so that you will not be fake. Don't just focus your sight to your boyfriend and girlfriend. 😁😁 Be mindful also to your money 😊
L
ook through the bill
Hold it up to the light then see the watermark, see through features, watermark bar pattern and the like.
L
ookUnder UV light and Loupe/Magnifying Glass(if you have at home but this is commonly used in banks and money remittances.)
Photo credit: https://google.com
These are some of the many ways to check bills. Don't forget these things, it will help you soon.
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