Money down the drain (quite literally)
Anybody who has ever put a piece of clothing in the washing machine, only to remember too late there was a £10 note in the pocket, should empathise with this story from the BBC website.
According to the article over 32,000 people demanded a total of £33.9 million from the Bank of England last year, trying to reclaim cash that had been damaged in some way. Money that has been through the wash was only the third most popular avenue of destruction, beaten by notes that have been torn or ripped in first place, or chewed and eaten (by pets, it helpfully points out) in second.
Perhaps the oddest method mentioned is the money damaged by putting it away for safe-keeping. Decaying under the floorboards I can just about understand. But damaging money because it had been kept in a microwave (and presumably used without taking the money out)? If that’s the case, I’m not sure you deserve your money back.
![[Bloglines]](http://blog.supplymanagement.com/wp-content/plugins/bookmarkify/bloglines.png)
![[del.icio.us]](http://blog.supplymanagement.com/wp-content/plugins/bookmarkify/delicious.png)
![[Digg]](http://blog.supplymanagement.com/wp-content/plugins/bookmarkify/digg.png)
![[Facebook]](http://blog.supplymanagement.com/wp-content/plugins/bookmarkify/facebook.png)
![[Google]](http://blog.supplymanagement.com/wp-content/plugins/bookmarkify/google.png)
![[LinkedIn]](http://blog.supplymanagement.com/wp-content/plugins/bookmarkify/linkedin.png)
![[Twitter]](http://blog.supplymanagement.com/wp-content/plugins/bookmarkify/twitter.png)
My cash has been damaged by putting it into a overseas high interest account!
The microwave might have been more fun though.
I’m not sure the purpose of keeping money in the microwave, the toaster has always been more reliable for me.
As for comment Chris and his overseas high interest account perhaps he needs to look at the visiable exchange rates before making that deposit and understand the international banking rules. Does the bank believe you are who you say you are, do they have enough inforamtion (your creditability affects their interest rate); also are they able to pay the same interest or terms and conditions as local banks that are in and understand your market?
Microwave or toaster is no place to store money.
I would advise us all to leave money in the bank if we are not ready to spend it. Or pay by card if you are likely to toss money about and demand replacements afterwards once damaged.