OVB warns of counterfeit bills


OHIO VALLEY — Ohio Valley Bank is warning area businesses and residents about the recent discovery of counterfeit money circulating in the Ohio Valley region.

Ohio Valley Bank added four photos to a social media page Thursday afternoon displaying examples of the counterfeit currency.

“We have gotten notice of a few bills,” said OVB Vice-President of Corporate Communications Bryna Butler. “Some were detected by our tellers. Our customer service representatives handle money every day of their lives and have advanced training on what those bills should look like so they are pretty simple for them to pick out. We’ve had our people detect them as well as a customer who actually came across one and turned it into the police and notified us after.”

Butler said Gallia and Jackson County have so far been the the reported areas of circulation for fake currency. OVB security officer has been in contact with area authorities said Butler.

“These bills, they (would be offenders) are trying to wear them out a little bit so they feel closer (to the real thing),” said Butler. “There are cashiers who aren’t real familiar with handling cash so they can occasionally slip by. It’s important to look…We have bills that have symbols on them that are very evidently not real money so everyone needs to keep a close look.”

Butler said the counterfeit bills have been found in all cash size denominations from $1 bills up to $100 bills.

Gallipolis police in the past have said they receive similar reports maybe three times a month in regard to counterfeit tender. Most individuals passing counterfeit money are ignorant as to what they are carrying. Reports are handled on a case-by-case nature. If a person seems genuinely unaware of counterfeit money, there is no fear of charges being filed.

Counterfeit detection markers use an iodine-based ink to try to authenticate bills but do not always prove accurate. Police have said they are useful tools but not full-proof.

According to the US Secret Service website, some methods of identifying fake currency relate to distinct details about a bill’s symbols. Borders around a dollar bill should be “clear and unbroken.” Scrollwork should not be blurred. Serial numbers on a bill should be evenly spaced and within the same line of printed text. Numbers should be the same color as the Treasury seal. The paper used in American currency has “tiny red and blue fibers embedded throughout.” Counterfeits try to print these lines onto paper. Closer inspection reveals the difference.

The www.secretservice.gov/data/KnowYourMoney.pdf website documents what US bills should look like and how to identify them. The site https://www.uscurrency.gov/denominations-information also discusses security features to help spot counterfeit dollars.

Dean Wright can be reached at 740-46-2342, ext. 2103.

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Ohio Valley Bank discovered counterfeit money in the area recently with non-English language characters on the bills as well as stripes in the wrong places.
http://www.mydailysentinel.com/wp-content/uploads/sites/14/2017/09/web1_counterfeit.jpgOhio Valley Bank discovered counterfeit money in the area recently with non-English language characters on the bills as well as stripes in the wrong places. Courtesy photo

By Dean Wright

deanwright@aimmediamidwest.com