Eli5: sincerely just out of curiosity, if a bank robber is caught after a dye pack explodes and the money is returned, what do they do with the money? Is it cleaned or do they throw it away?

Question

Edit: thank you for all your helpful responses! My curiosity is sated!

In: Economics

Answer 1

They return the physical bills to the local Federal Reserve, which passes it to the bureau of Printing and Engraving who shreds the paper. The Federal Reserve credits the bank’s account for the amount.