How to Tell a Fake $20 Canadian Bill

Counterfeit money is a real threat to businesses and individuals alike. It's crucial to be able to identify fake bills to protect yourself from financial losses. In this article, we will guide you on how to spot a counterfeit $20 Canadian bill.

Key Security Features to Look For

Canadian banknotes have several security features that make them difficult to counterfeit. When examining a $20 bill, look for the following key features:

1. Feel the Texture

Real Canadian bills are printed on a special polymer material that has a unique feel. Run your fingers over the bill to feel the raised ink on the large number and words. Fake bills may lack this distinct texture.

2. Check the Watermark

Hold the bill up to the light to see the watermark. A real $20 bill will display a portrait of Queen Elizabeth II. If the watermark is blurry or missing, the bill is likely fake.

3. Examine the Security Thread

Look for a metallic strip on the left side of the bill that runs from top to bottom. Tilt the bill to see the holographic image and the denomination of the bill on the thread. A missing or incorrect security thread indicates a fake bill.

4. UV Light Test

Using a UV light can reveal hidden security features on Canadian bills. Genuine bills will display fluorescent elements under UV light, while fake bills may lack this characteristic glow.

Additional Tips for Identifying Counterfeits

In addition to the key security features mentioned above, here are some extra tips to help you detect a fake $20 Canadian bill:

• Compare to a Real Bill: Keep a real $20 bill on hand for comparison to help you spot any discrepancies.
• Check the Serial Numbers: Ensure the serial numbers on the bill are uniformly spaced and printed clearly.
• Look for Microprinting: Authentic bills contain tiny text that is sharp and clear. Counterfeit bills often lack this level of detail.

Reporting Counterfeits

If you suspect that you have received a counterfeit bill, contact your local police department or the RCMP Counterfeit Prevention team immediately. It is essential to report counterfeit money to prevent its circulation and protect others from falling victim to fraud.

Protecting Your Business

Businesses should invest in counterfeit detection tools and educate their staff on how to identify fake bills. By staying vigilant and informed, you can safeguard your business from financial losses due to counterfeit money.

Remember, taking the time to inspect the bills you receive can save you from significant losses in the long run. Stay informed and be aware of the security features of legitimate Canadian currency to protect yourself and your business.