Professional cash handlers (which include credit institutions and cash-in-transit companies) are legally required to check the authenticity and fitness for circulation of cash before recycling it.
Pursuant to Decision ECB/2010/14 of the European Central Bank on banknotes and Regulation (EU) No 1210/2010 on coins, the following rules apply where cash recycling is concerned:
Recycling of banknotes via customer-operated machines
Banknotes must first be checked for authenticity and fitness for circulation using a banknote processing system listed on the ECB’s website.
Recycling of banknotes and coins over the counter
Cash that has been checked for authenticity and fitness by trained employees and/or appropriately certified devices may be paid out again over the counter.
What is covered
Regulation (EC) No 1338/2001
Regulation (EU) No 1210/2010
Bundesbank Act (Gesetz über die Deutsche Bundesbank)
Regulation on the auditing of cash (Bargeldprüfungsverordnung)