Torn Dollar Bills Reimbursement

Apr 12, 2011: Many a time we have received torn dollar bills when we paid in cash. Sometimes when we were unwilling to accept torn bills we were told that if we take them to a bank, we'd get brand new ones in exchange.

Friends have said that banks do replace torn dollar bills with fresh ones. We have not yet tested this theory in person but are curious to know the reality behind reimbursement of