What an old bill does in a bank?

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Does anyone know what happens when older series are deposited in the bank?

They are sent to their respective vaults and then the vaults forward the notes to BoC for destruction.

Does anyone know what happens when older series are deposited in the bank?

In most cases they are withheld and taken out of circulation....and destroyed I assume...unless of course you are the tellers friend and they sell them to you for FV...

I've tried numerous times to buy the stack of bills that were wrapped in plastic waiting to be sent in for destruction to no avail. The first stack that I saw that had just been wrapped had a 1935 $2 right on the top and no amount of convincing would make them sell it to me.

Thanks for the answers!

But I used to buy few notes not too long ago from the bank that were older series for face value but there werent worth much more.

If I remember, it was a kind of 5$ 1979 F or VF...

Anyone also had the chance to buy older series for Face Value?

But I used to buy few notes not too long ago from the bank that were older series for face value but there werent worth much more.

If I remember, it was a kind of 5$ 1979 F or VF...

Anyone also had the chance to buy older series for Face Value?

Nopes.....straight to BoC with them.

Nopes.....straight to BoC with them.

That's not always the case.  Some banks will put them back into circulation.  I have received 1979 $20s and one 1975 $50 from ATMs in the last few years.  Since there's no way that the banks would be receiving those old bills from the BoC, I have to assume that they were received by customer deposits and then put back into the ATM for re-circulation.

The private ATM's, like the one I have at work, are filled by the establishment itself. I fill ours a couple of times a day with the money from the till. I rarely have to get new money from the bank since we have video lottery machines and those provide us with the banknotes required.