Fake notes withdrawn from ATM can be reimbursed

The photo shows a withdrawal-only ATM in Nanjing which has a blue logo affixed to remind customers of the new function of tracking the 10 digital serial number on a 100 yuan note. [Photo: Yangtse Evening Post]

Customers who withdraw fake notes from automated teller machines (ATM) in Beijing, Shanghai, Guangzhou and Nanjing can receive reimbursement from banks from Sunday onwards, cnr.cn reports.

Some withdrawal-only ATMs in these four cities now have a blue logo affixed to them to remind customers of the new function of tracking the 10 digital serial number on a 100 yuan note.

Customers can go to banks to apply for verification for the suspected fake notes within one month of withdrawing the notes. Bank clerks will track the notes through the ATMs where the notes are withdrawn. Reimbursement in the full amount will be made in 1 to 3 days.

The new function will be implemented on all withdrawal-only ATMs by the end of this year, and on ATMs with depositing functions by the end of next year. By 2015, notes from bank counters will be able to be tracked and verified as well.