Royal Canal Financial Control Services

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Recirculation of Euro Bank Notes [ATM Regulations]

22nd November 2011

Decision ECB/2010/14 requires retailers that fill ATMs to be responsible for the authenticity and fitness of the bank notes for circularisation. In order to comply with the legislation, retailers must operate a bank note handling machine which:

• Physically separates suspect bank notes from genuine ones without user intervention.
• Does not require any user intervention in order to determine when a bank note is suspect or not.

We have recently been informed that there are a few difficulties with some aspects of the new machine counting function such as notes with curled edged not being recognised.

For further details on this topic and for advice on which type of machine you should be using, we advise that you contact your local bank branch.