Banks to Begin Issuing New $100 Bill Design in October

By Jennifer Calonia April 24, 2013 Find a Bank

new 100 dollar bill

Personal bank accounts are about to get a lot more colorful, thanks to the advanced technology of the U.S. Bureau of Engraving and Printing. This organization is responsible for creating and printing U.S. currency, specifically Federal Reserve notes (i.e. paper money), as well as developing counterfeit prevention methods for U.S. dollars.

According to the U.S. Department of Treasury, a new 100 dollar bill design will shortly make its way into circulation to banks globally — and will brighten consumers’ wallets as it simultaneously seeks to prevent counterfeit fraud.

Greater Anti-Counterfeit Protection in New 100 Dollar Bill

As more counterfeiting schemes are devised by perpetrators hoping to replicate U.S. currency, the U.S. Bureau of Engraving and Printing continues to revamp conventional paper money to deter such criminal efforts. The rainbow blueprint of the latest new 100 dollar bill includes a couple of new precautions to hinder counterfeiting, including:

Bell in Jar. When looking at the new 100 dollar bill, individuals will now see a copper-colored ink pot with a copper Liberty Bell inside. However, upon tilting the bill in different directions, the color of the bell changes to green and back, making it look as if it appears and disappears within the ink pot.
3-D Security Strip. A vertical blue ribbon has been woven into the new 100 dollar bill, which has images of the Liberty Bell and 100s within. Depending on how the note is turned the bell and 100s scroll up and down or side to side.

New Bill Design to Hit Banks Soon

In an introductory video by the Federal Reserve’s Deputy Associate Director of the Board of Governors, Michael Lambert, shares that the new 100 dollar bill was first unveiled in 2010, but due to production challenges, the release was delayed. The Wall Street Journal reports that these delays included an issue with paper creasing, which has since been addressed.

Now, the Federal Reserve expects to be begin circulating the new 100 dollar bill to banks on October 8, 2013. However, when the public can expect to physically come in contact with the new design highly depends on “distance, demand and the policy of individual financial institutions”, according to Lambert.

Americans are reminded that older 100 dollar bill designs are still legal tender, and they will not need to exchange old notes for the new 100 dollar bill.

(Photo courtesy of NewMoney.gov)

About the Author

Jennifer Calonia

Jennifer Calonia is a personal finance journalist covering topics about banking, consumer savings, loans and debt. Her features and helpful savings tips encourage and empower households across America to achieve financial balance.