Utah Man Claims Chase Branch Passed Him a Counterfeit $100 Bill

-Submitted by David Drumm (Nal), Guest Blogger

Kipp Hagaman, an Ivins, Utah man, enters a Chase branch with $3 in his pocket and withdraws $2000, in cash,  from his account. He takes the twenty $100 notes and goes to America First Credit Union to pay bills. A teller and the assistant branch manager at America First Credit Union tell Hagaman that one of his $100 bills is counterfeit.

America First Credit Union then confiscates the allegedly counterfeit $100 bill and gives Hagaman a photocopy of the front and back of the bill and tells him that Chase would probably “make it right.”

The Chase Bank branch manager informs him “it’s Chase’s policy that once you leave the building, it’s on you and you should check your money.” Hagaman decided to camp out in front of the Chase Bank branch with a sign reading “Chase Bank Passed Me A Counterfeit $100 Bill!

I would have thought that banks would have some sophisticated counterfeit detection devices. If the bank is unable to detect a counterfeit bill, is a customer likely to detect it? I never look carefully at those twenties that come from the ATM. How throughly have they been screened?

For a lousy $100, you’d think that Chase Bank would have wanted to avoid the spectacle outside their branch.

H/T: St. George News, Legal Blog Watch.

47 thoughts on “Utah Man Claims Chase Branch Passed Him a Counterfeit $100 Bill”

  1. After reading this I will write a check or use my debit/credit card when possible . After leaving the premises a contractor could claim I gave counterfeit notes .

  2. The same thing keeps happening (at least three times so far) to my wife when she withdraws money from a Chase ATM and attempts to then re-deposit the same money in Citibank. The Citibank ATMs refuse the $100 bills and the Citibank tellers inside the bank then do the same, sending her back to Chase with the rejected bills in tow. Fortunately for us, Chase as accepted each bill back in exchange for legitimate cash equivalent in $20 bills.

  3. I am Kipp’s son and I can tell you he did not do anything illegal or threating and this is all true.

  4. Evie: “who would ever think that the bank would do something like this?!”

    Sorry to say this, but the bankers just finished stealing the whole COUNTRY blind, and they’re profiteering from the crash they caused. So in answer to your question about who would ever think the bank would steal a hundred dollars from YOU? I would.

    I hope people will picket out front of the bank with a sign that says: “This bank gave me a counterfeit $100 and refuses to replace it with real money; take your business to [put in the name of the bank that identified the bill that was counterfeit] and be safe.”

  5. Happened to me also… I’m a small business owner – I was withdrawing cash at Chase to take funds to TD Bank where our payroll is drawn from – I got a fake 100… TD took the 100 and gave me a photo copy… I went back to Chase but they were like Sorry Dude, we run our bills through a bill scanner. I was like “Get the Scanner TD Bank has”…

    Joseph Brunner

  6. For the record, even a counterfeit bill will have serial numbers on it. Every bank passing the bill has records of it. The bank passing it on WILL identify the bill, because all information on the bill is in their records.

    It is IMPOSSIBLE to defraud a bank of $100 by falsely claiming circulation of a counterfeit. The bill is its own evidence.

  7. This just happened to us as well- was given a “counterfeir” $100 bill by BofA and TD caught it when we tried to deposit it there. Neither bank will help us and I can’t believe the lack of customer support for this type of situation.

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