What to Do With Burnt Money

Redeem Damaged Money What to Do With Burnt Money

What You Must Know About Burnt Money Redemption

Each year, the U.S. Treasury Department sees more than 22,000 requests to replace damaged money, some of which is burnt. If you have burnt currency, don't cast it out just yet. Who knows? It may cut it for redemption by the government, which would be impressive as you won't suffer the loss.

While redeeming your damaged money might sound great, the process involved can be tedious. It may even be more complicated for burnt notes, especially those with less than 50% of them preserved. Nevertheless, that doesn't make it impossible; you can still forgo the tedious process.DoNotPay can help you redeem the burnt money in your possession.

What is Burnt Money?

Burnt money falls under the mutilated currency category, which in simple terms translates to a currency that has incurred damage to the degree that only half or even less of the original paper bill remains. Burnt money, in particular, as its name suggests, is a currency that has sustained damage through fire or explosives.

How to Qualify for Burnt Money Redemption

Directions by the Bureau of Engraving and Printing require that you submit all mutilated money examination and redemption requests through Form 5283. Your mutilated money can qualify for possible face value replacement following the Treasury Department's regulations, provided it meets the following two conditions:

  1. The bill can effortlessly be identifiable as U.S. currency, and more than 50% of the note is still present.
  2. The money is identifiable as U.S. currency, and only 50% or less of the bill is present. In this case, however, how the note was mutilated and the supporting evidence provided must satisfy the bureau's curiosity about the missing portions.

Can You Redeem Burnt Money by Yourself?

If you can easily identify the authenticity and value of the burnt currency, your local bank can have it exchanged with no hassle. Even so, that only applies to mutilated money with more than half its size intact. If that's your case, visit your local bank carrying the burnt currency with you and officially request mutilated currency evaluation and replacement.

On the other hand, if the burnt currency sustains severe damage and only less than 50% of the initial note is intact, your local bank can't help. The best alternative will need you to request a special currency examination from the Bureau of Engraving and Printing.

Often, this case applies to burnt currency and it has to be apparent that the damage was neither synthetic nor intentional. Nonetheless, the currency redemption process for such cases proves slow, often taking between 12 and 36 months.

How to Reach the Bureau of Engraving and Printing

  • If you wish to submit the claims form and mutilated currency via private carrier, use the street address below:

Bureau of Engraving and Printing

Mutilated Currency Division, Room 344-A

14th and C Streets, SW

Washington, DC 20228

  • If you're using the United States Postal Service for delivery, use the P.O Box and zip code below:

Bureau of Engraving and Printing

Mutilated Currency Division, Room 344-A

P.O. Box 37048

Washington, DC 20013

How DoNotPay Can Help

Even with the help of DoNotPay, sending the formal request for special currency examination and replacement is mandatory. But that's after you fill out the BEP's claims form, which you must for them to consider your currency exchange request.

Like other government forms, filling out the BEP's 5283 form may be annoying and tedious. But that's where DoNotPay comes in to help.

We'll fill out the claims form for you, provided you give answers to a straightforward set of questions on DoNotPay's chatbot. Once ready, download the form, sign it and send it to the BEP via mail using the addresses provided in the sub-section below.

What You Will Do

  1. Search for the product "Redeem Damaged Money" on DoNotPay. 
  2. Enter the total value you'd like to redeem in dollars. 
  3. Issue a statement elaborating on the incident, how the currency got mutilated, and when the event happened. 
  4. Provide your contact details. 
  5. Verify the correctness of your statement. 

And that's all! DoNotPay's chatbot will use the data to generate the required claims form on your behalf. Download and print the document before submitting it to the BEP along with the burnt currency, preferably via mail. The bureau will undertake the special examination and handle the rest.

Why Use DoNotPay to Redeem Burnt Money

DoNotPay is:

  • Fast – Leave the time-consuming process to us.
  • Easy – Go about your business as we handle the tedious claims form for you.
  • Successful – Trust us to have your burnt currency exchanged.

What Else Can DoNotPay Do?

Besides helping people redeem burnt or generally damaged currency, DoNotPay boasts of other products that you could find useful in different situations. A few examples of additional DoNotPay products include:

Find unclaimed moneyGet chargebacks and refunds
Contact government representativesFile a complaint
Create Passport PhotosClose Bank Accounts

Don’t wait. Sign up today!

Want your issue solved now?