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Q: Is it common in China to get fake bank notes from ATMs?

Several times, people have refused to take my 100 notes because it was fake, but the only way I could have gotten it is from an atm. What's up with that and how is it even possible?

10 years 21 weeks ago in  Money & Banking - China

 
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Posts: 332

Governor

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that events happened frequently , and the bank refuse to change fake money for you because you are not get money fromr bank's counter. even you get fakes from counter you must no leave you seat and ask bank 's staff change it for you immediately, because once you leave counter window, the bank will use this as a excuse to deny your requirement. Angry

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10 years 21 weeks ago
 
Posts: 68

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If you take it to the bank they have a the right to take it from you and destroy it with no compensation....
I have been in a bank when they have done this to a Chinese man, oh boy was he angry!!

I have never received a fake note from a cash machine, in the 2 years ive been in China I have seen one fake which my girlfriend got but she does not remember where from...we spent it....

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10 years 21 weeks ago
 
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You and I have the same experience. Crying

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10 years 20 weeks ago

Life is cruel funrn

 
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yes be carefull

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10 years 20 weeks ago
 
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I've been warned that many ATMs in Beijing are spitting out fake notes recently, probably because a few desperate workers need extra cash before the Spring Festival. Make sure to double check your notes before you walk away from the atm.

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10 years 2 weeks ago
 
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Did they take the note, put it under the counter, then give it back to you claiming it's fake? If that's the case, chances are he switched the real one for a fake.
Otherwise, it might really come from the ATM. It happens sometimes.

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10 years 2 weeks ago
 
Posts: 1979

Emperor

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All Chinese banks have very digitalized scanners for banknotes.  When counterfeit notes turn in ATM machines, I would venture to say that they have been manually inserted into the cash supply.

I have received counterfeit RMB 50's and 20's from taxi drivers and from some restaurants.   In Guangzhou, one restaurant had a nice game going :  you paid in RMB 100 notes for  dinner.  They took the money, switched it out of sight for fake notes, came back, said your RMB 100 was fake, returned their fake notes to you and made you pay again.   Nice little game for sure!

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10 years 2 weeks ago
 
Posts: 3044

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I will repeat what I was told, I have no idea if true or not.  Twice, within two or three months, I got fake 100 Rmb bills from an ATM machine at ICBC bank.  The first time it was three, and I did not find out until a taxi driver refused them.  The second time it was 5, and I was prepared then.  With a UV light, I checked every bill right in front of the ATM, with the bank guard watching me.  Five were fake, the bank refused to exchange them.  I wasted 4 hours calling the Police, they are still investigating.

Now, A friend told me how fake bills get into ATM besides dishonest bank employees.  Thru deposits, that you can make (up to 5,000 Rmb per time) at ATM's, and many do.  The ATM has a counter, not a scanner, so it will accept 100 fake bills.  If you come after, to draw money, you get the fake bills because they will be on top..

All my 8 fake bills were deposited thru an ATM to my account with ICBC prior to closing my account with them and moving to Bank of China.  Now I just use ATM's in emergencies, anf for less tha 500 Rmb, draw money once per month from a bank teller.

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10 years 2 weeks ago
 
Posts: 1979

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I need to check the above-answer out on my next visit to my local Bank of China branch.  I was under the impression that at an ATM deposits are entered into distinct coffrets from withdrawals.  I have them load the coffrets for withdrawals and I have seen verify the money, meaning scan, the money that has been deposited.  Since I do not have a banking background, this is a very interesting consideration.

In any case, the run of luck of the previous poster is really regrettable.

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10 years 2 weeks ago
 
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I too have come across fake money. My friend bought me for 10 rmb a light that shows up the security features on the bills you can not see with the naked eye. Very good investment. Pay with a bank card wherever you go and dont carry cash. Use your pin. Also, learn how to tell if it is real money or not. You can tug on the paper. Ask your friends if they have any fakes, see them touch them feel them see the difference and learn. You can feel the ink raised up on mao and the buildings on the back of the bill. I check every single bill passed to me. I will not accept old feeling money. I am glad I heard about this ATM thing. I will never take money from an ATM now after reading this. I will get them inside banks only from now on and bring my light. Since I have been checking money and learned first hand, I have not yet seen another fake but I'm sure I will one day. China badly needs to take a bribe from Australia's money printing frauds and get their money printed by the reserve bank. They have great security in the money and nearly uncopyable. Combine all the features of canada, china and AU and you will have uncopyable money and you can take the old money out of circ. This is a must to clean up the currency problem. Very bad here.

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9 years 51 weeks ago

you can make a difference in this world .

 
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Fake money is abundant here.  Banks will give it to you and if you try to return it, they will deny it came from them, even if you do a scan right in front of bank officials.  It's a "face" issue.

Remember, noone in China can ever do wrong.  It is a peaceful and harmonious society based on deception, lies, and being a scumbag.  As long as you ignore and accept that, everything works out fine.

I have received fake notes at an ATM,brought them into the bank demanding that they replace them, and been accused of trying to cheat the bank.

Like everything here just learn to deal with the FACT that you will be lied to, cheated, and scammed at every opportunity.

The police and/or authorities will ALWAYS side with the Chinese, so just suck it up to being a "stupid laowai".

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9 years 51 weeks ago
 
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So funny, this just happened ten minutes ago. The driver insisted it was fake and I said "I Just got it, you saw me walk from the machine" he pissed off aftet I picked up the phone.

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9 years 51 weeks ago
 
Posts: 60

Governor

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Mr. Tibbles,  you are PERFECT RIGHT !!! Chinese lie in everything !  This peoples no have shame and no feelings ! No love and no heart ! 

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9 years 46 weeks ago
 
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I have been cheated far more times in the USA, Canada, AU, and other places than in China, but if I spend more time in China I'm sure it will catch up. You do have to be very wary here though, just like you do in ANY undeveloped or non fixed price economy. Remember that the USA is abundant with all kinds of frauds, phishing scams, telemarketing scams, credit card scams in the news every day, every day on news old people being fleeced of life savings, rogue brokers, agents, planners, ripping people off, freemasons stealing life savings of helpless retireees in old folks homes, this is on the news and the paers all the time, and the FBI says corruption in the usa is rising at a breakneck pace possibly never seen before. Keep perspective.

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9 years 24 weeks ago
 
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Not to mention the adultery rates in the USA have skyrocketed in the last 15 years, divorce rates in California edging 80%. Americans can't even trust their wives or husbands anymore let alone anyone else.

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9 years 24 weeks ago
 
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i always get my money from the ATM and to say the truth.all the notes comes out crispy new hot and ready to be spent on... ........and ...........and ..........and...........and here is a new trip to the ATM to get crispy new hot and ready to be spent notes.....long cycle just like a life cycle....damn i love it when i practice my bullshitting abilities

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9 years 24 weeks ago
 
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  I've never had any. The important thing is to know how to spot the fakes. Best get a Chinese friend to show you. Altogether there are between 5 and 10 ways.

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9 years 24 weeks ago
 
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what surprised me is my Chinese friend telling me they counterfeit all bills here, not just 100 & 50,  oops, I mean she said they counterfeit ALL denominations of money here, she claims there are even counterfeit 1 kuai coins.

that is what she said, does that sound believable ?

 

I never really check bills from ATM or teller. I count, but not check... I think the general idea is that one passes along a fake, just as one would a genuine bill.

The newer currency has several advanced printing techniques employed to make counterfeiting more difficult, perhaps impossible. There are websites explaining how to examine Chinese currency.

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9 years 24 weeks ago
 
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