What happens when you pay with counterfeit money?

How to recognise counterfeit money

Modern euro notes have a number of security features that allow you to recognise counterfeit money quickly and easily. To find out the easiest way to recognise counterfeit money, read our blog article: "How to recognise counterfeit money" - please, see the link below.

Could I get into trouble for paying with counterfeit money without realising it?

Yes, even though only intentionally paying with counterfeit money is a criminal offence. Payment with counterfeit money is considered intentional if you have acted recklessly, knowing that the money might be counterfeit and paying with it anyway. If you unknowingly pay with counterfeit money, the authorities must first prove that it was intentional. If the court then also comes to the conclusion that your actions were intentional, it can impose the relevant penalty.

Do banks replace counterfeit money?

No. If you recognise counterfeit money and give it to the police or a bank, you will not be given real money in return. Nevertheless, you should always report counterfeit notes or coins. Because if you know the money is counterfeit and you try to pay with it, you are committing a criminal offence. And of course, if you pay counterfeit money into your account at an ATM or bank, the money will be confiscated and not be credited to your account. You can also expect the bank or police to contact you for further questioning. That’s why you should always check money is real before paying it in to your account.

Who is liable for counterfeit money?

In principle, everyone is individually responsible for making sure they do not accept counterfeit money. You cannot exchange counterfeit money at a bank or with the police for real money once you have accepted it. If you are not sure, you should check the money as soon as you receive it. Because even accepting, but certainly passing on, counterfeit money can lead to a criminal prosecution. 

What penalty could I be given if I knowingly use counterfeit money?

Depending on how you received the counterfeit money and whether you tried to pay with it, you could face a fine or lengthy custodial sentence.

What penalty could I be given if I bring counterfeit money into circulation?

Even attempting to pay with counterfeit money or bringing it into circulation any other way is a criminal offence. Even if the recipient notices immediately and you quickly try to pay with real money, you could be given a fine or custodial sentence.