Fraud Prevention Month

 
 

It pays to check your bank notes

Do you know how to check the security features of Canada’s polymer bank notes, including the vertical $10 note featuring Viola Desmond? If your answer is no, or you’re not entirely sure, read on!

All of Canada’s polymer notes have leading-edge security features, helping us to stay ahead of counterfeiting threats. These features are quick and easy to check by sight and touch.

You can check all your polymer notes in the same way—feel, look and flip:

* Feel the smooth, unique texture of the note. It is made from a single piece of polymer with some transparent areas.

* Feel the raised ink on the large number, the large portrait, and the words “Bank of Canada” and “Banque du Canada.”

* Look for transparency in the large window.

* Look at the detailed metallic images and symbols in the large transparent window.

* Flip the note to see the elements inside the large transparent window repeated in the same colours and detail on the other side.

Photo: Bank of Canada

Photo: Bank of Canada

By now you may have seen the new $10 note in your cash transactions. Did you know the new bill includes some enhanced security features compared with other polymer notes?

* A colour-shifting eagle feather that changes from gold to green

* A 3-D maple leaf that appears to be raised but is actually flat

* Three maple leaves above the portrait

You can learn about the vertical $10 and watch a video about its security features at https://www.bankofcanada.ca/banknotes/vertical10/.

Photo: Bank of Canada

Photo: Bank of Canada

Did you know?

There are more than 2.2 billion genuine notes in circulation in Canada. Bank notes are a vital method of payment used in over 30 per cent of retail transactions.

The Bank of Canada works to keep counterfeit levels low in Canada by

* strengthening bank note security through ongoing research and development;

* working with retailers to increase bank note verification;

* working with law enforcement agencies to promote counterfeit deterrence; and,

* ensuring the quality of notes in circulation.

More tips

Whether you’re the clerk or the customer, you can help stop counterfeit notes from entering the cash flow. Check your notes, and you’ll be able to detect a counterfeit at a glance.

* Compare a suspicious note to one you know is genuine. Look for differences, not similarities.

* Check two or more security features.

* If you do not know how to check an older paper note, ask for a polymer note instead.

For more about Canada’s bank notes, security features and counterfeit prevention, go to www.bankofcanada.ca/banknotes.

 

Sister of Viola Desmond spends first issued $10 notes

 

10 things you need to know about Canada’s new vertical $10

As you may have heard, a new $10 note will soon be making its way into your wallet. Its vertical orientation and portrait of social justice defender Viola Desmond likely caught your attention. 

Here’s a quick and easy list of the top 10 things to know about Canada’s new $10 bill as it gradually enters circulation:

1) It’s the first time a Canadian woman appears on a regular bank note

Portrait subject Viola Desmond, a successful Black Nova Scotia businesswoman who fought against racial discrimination, is the first Canadian woman to appear on a regular bank note. She was chosen for her courageous stand for equality and social justice.

2) It features an icon of human rights and freedoms

In November 1946, she defiantly refused to leave a whites-only area of a movie theatre and was subsequently jailed, convicted and fined. Her court case was one of the first known legal challenges against racial segregation brought forth by a Black woman in Canada. 

3) It’s vertical

This is the first vertical note issued by the Bank of Canada. In keeping with the Bank’s innovative approach to design, this sets it apart from current polymer notes and allows for a more prominent image of the portrait subject.

4) It’s the first time Canadians decided who should be featured on a bank note

Viola Desmond was selected after the Bank launched an extensive public consultation to nominate an iconic woman for a new bank note. She is the first portrait subject nominated by Canadians.

5) It was a successful consultation

We received A LOT of nominations. Canadians definitely wanted to have their say on who should appear on the next bank note. The six-week consultation produced more than 26,000 nominations and 461 eligible nominees. These choices were then whittled down by an independent advisory council to a short list of five Canadian women. The Finance Minister ultimately made the final decision. 

6) It has a theme: human rights and social justice

The back of the new $10 note features the Canadian Museum for Human Rights in Winnipeg, Manitoba—the first museum in the world dedicated solely to human rights. The note also includes a depiction of an eagle feather, a symbol of truth, power and freedom for many First Nations peoples in Canada. It’s intended to represent the ongoing journey toward recognizing rights and freedoms for Indigenous peoples in Canada. 

7) It has some bold new security features

As with all Bank of Canada notes, security is paramount, and the vertical $10 includes several enhanced security features. These include transparent areas, raised ink on the front of the note, detailed metallic images and symbols, and the colour-shifting eagle feather. The bold features on this note are easy to check and difficult to counterfeit. 

8) Yes, it’s a polymer note

The vertical $10 is printed on a polymer substrate, as all Canadian bank notes have been since 2011. Polymer notes are more secure, last longer (about 3.5 times) and they’re even recyclable! 

9) It doesn’t mean you need a vertical wallet

This may be the first vertical bank note in Canada, but you won’t have to handle it differently. It’s the same size as other bank notes and you can use it in the same way.   

10) It’s going to be around for a while

This is the new regular $10 note you’ll see in circulation for years to come. The Bank issues new notes to stay ahead of counterfeiting threats and keep pace with advances in technology. 

Follow the Bank on Twitter (@bankofcanada) for the latest news about Canadian bank notes.

The Bank of Canada Museum is on Facebook! Follow, like and share the latest information about Canada’s upcoming $10 bank note and much more: @BoCMuseum.

 
 

Get to Know Canada's First Vertical Bank Note

 
 

Bank of Canada releases details about new note featuring Viola Desmond

Canada’s new $10 bank note will begin to appear in cash transactions late this year.

Designed to stand apart, it’s the first vertical note issued by the Bank of Canada, and features the portrait of social justice defender Viola Desmond.

Here’s what businesses and cash users need to know about this new $10 bill.

As with Canada’s other notes, the new $10 has bold security features, ensuring that Canadians can use it with confidence. That’s why the Bank issues new notes – to stay ahead of counterfeiting threats and to keep pace with advances in technology.

But remember, bank notes are only secure if you check them. Routinely checking all notes—no matter which series or value—allows you to intercept counterfeits and keep them out of circulation. The security features on Canada’s vertical $10 note are quick and easy to check:

- Feel the smooth, unique texture of the note. It’s made from a single piece of polymer with some transparent areas.

- Feel the raised ink on the front of the note, namely on the portrait, the word “Canada” and the large number ‘10’ at the bottom.

- Look at the detailed metallic images and symbols in and around the large transparent window.

- Look at the pattern in the eagle feather. Tilt the note to see the colour shift from gold to green.

- Flip the note to see the elements inside the large window repeated in the same colours and detail on the other side.

Photo: Bank of Canada

Photo: Bank of Canada

The new $10 note will be rolled out gradually and circulate alongside the other polymer $10 notes. Unlike the special $10 note issued for Canada’s 150th anniversary in 2017, printed in a limited quantity to mark this historical milestone, the vertical $10 note will be the regular $10 note produced for years to come.

Business owners may be wondering what this new $10 note means for their cash-handling equipment. The vertical $10 has been designed to minimize the impact on the cash-handling industry and maintains the same functional features as current polymer notes. Equipment owners and renters should contact their suppliers with questions about machine compatibility.

With the release of this new $10 note, the Bank of Canada’s approach to issuing bank notes is changing. Rather than issuing all five denominations within a short time frame, a new note will be released every few years. This will allow the Bank to integrate the latest security features each time a new bank note is issued, ensuring that Canadians can continue to use their bank notes with confidence.

For free, downloadable materials to help businesses train their staff, visit www.bankofcanada.ca/retailers. For more information, contact us at 1-800-303-1282 or info@bankofcanada.ca. Follow the Bank on Twitter (@bankofcanada) for the latest news about Canadian bank notes.

The Bank of Canada Museum is on Facebook! Follow, like and share the latest information about Canada’s upcoming $10 bank note and much more: @BoCMuseum.