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PLEASE NOTE: All cash disbursements stop at 3 P.M. daily

Treasurer Office
University of Pennsylvania
Suite 737 Franklin Building
3451 Walnut Street
Philadelphia, PA 19104
215.898.9844 (Phone)
215.573.6392 (Fax)

[ Cashier's Office ]

Miscellaneous

Change Policy

Coin Deposits

Courier Services

Deposit Slips

For more information on BEN Deposits please visit http://www.finance.upenn.edu/ben/bendep/ or contact the Cashier's Office at 215.898.7258.

Endorsement of Checks

Exchange Rates

Report of Cash Payments Over $10,000

Returned Checks

The University does not re-submit returned checks. Once the Cashier’s Office receives the returned check, we will identify the depositing department and debit the account that was initially credited. We will forward the original check and documentation to the preparer of the original deposit slip. In addition, our bank assesses a service fee for each returned check. The Cashier’s Office, to offset bank costs and our processing costs, will charge the service fee back to the originating department using object code 5324 (bank fees). The originating department should notify the check writer and use due diligence to collect the amount of the check and the service charge from the payor. Generally, restitution should be in the form of currency, money order, cashier’s check or certified check.

Safekeeping of Funds

Counterfeit Money

Step I: General Appearance

You can detect bogus bills by becoming more familiar with paper currency. Most counterfeits are made by a photo-mechanical process and the printing appears flat and lacks the three dimensional quality of genuine notes. Look closely. The counterfeiter does not possess the skill of the Government’s master craftsmen and does not have access to sophisticated equipment.

Step II: Comparison

Look for differences not similarities. Compare the suspect note with a genuine bill of the same denomination and series. For close examination use a magnifying glass to study the quality of the printing, especially the sharpness of the crossing lines in the background. Crossing lines on bogus bills often appear ragged or partly merged.

Step III: Paper

United States paper currency is printed on special paper made with red and blue fibers. Consequently, the bogus money makers either ignore these fibers or attempt to simulate them by printing red and blue lines on the surface of the paper. These fake marks can be removed merely by scratching or erasing the surface of the counterfeit. Rubbing a bill is not a good test; ink will rub off either good or bogus bills. Beware of the paper that feels extra light or heavy.

Step IV: Detail/Clarity

In counterfeit paper currency the portrait is lifeless and does not appear as lifelike as the real note. Hairlines are not distinct. Saw tooth points on seals are usually uneven, blunt or broken off. Fine border lines are not clear and distinct. In examining the bills, look for dullness in the portrait and for extra dark or light shading.

We hope this information is valuable. If you think your department has received a counterfeit bill, please notify the Office of the Cashier at 215.898.7258. The Cashier’s Office can obtain confirmation of the bill's authenticity by forwarding the bill to the United States Secret Service located in Philadelphia.

As a final suggestion, the Cashier’s Office has purchased over 200 counterfeit detector pens. These pens are made of a special patented formula that detects bad bills. The pen allows you to make a small mark on United States paper money and if a light mark appears the bills passes the test, however, if a dark mark appears the bill is suspect. If you would like to obtain a few counterfeit money detector pens for your office, please let us know!