United States [
Currency Fitness Overview
Why Fitness Sort?
- To sort currency according to different uses and fitness quality requirements. For example, ATM machines, bill changers and other self-service currency machines may require higher quality currency in order to operate properly, maximize machine uptime and minimize service calls. At the same time, currency designated for bank tellers, cashiers or similar customer service personnel may not have to be quite as clean, but should still meet certain quality standards to maintain a professional appearance, increase customer satisfaction and reduce transaction times.
- To reduce cash transportation costs.
- To meet Federal Reserve fitness guidelines for U.S. banknotes as part of the Currency Recirculation Policy, and to avoid cross shipping fees.
What is a Fit Versus an Unfit Note?
In general, currency is considered fit, or suitable for recirculation if it meets all of the following requirements:
- Is genuine (non-counterfeit) currency.
- Has proper dimensions.
- Is a current series design (1996 and newer for $10s and $20s).
- Is free from excessive holes, tears, tape, or folded/missing corners.
- Has uniform brightness and is free from excessive soil and graffiti.
- Is free from excessive print wear, particularly in the portrait area.
If one or more of these criteria is not met, a note can be classified as unfit and not suitable for further circulation. However, your own criteria for determining fit and unfit notes may differ based on your specific business needs.
What is the Federal Reserve Currency Recirculation Policy?
The Currency Recirculation Policy assesses fees on what is referred to as "cross-shipped" currency. Applicable only to $10s and $20s at this time, cross-shipping is the practice of depositing and ordering fit currency of the same denomination in the same week from the same Federal Reserve zone. Please see the Federal Reserve Currency Recirculation Policy for complete details.
Also Learn About:
Cummins-Allison Fitness Solutions ...
Tabletop 2-Pocket Sorter
Compact, low-cost with five user-selectable fitness levels to provide excellent fitness detection control and maximum processing productivity.
Multi-Pocket Sorters
Models ranging from tabletop 8-pocket sorters to production-level currency sorters, all with fitness detection based on user-defined settings for soil, holes, tears, folded or missing corners, tape and limpness.