According to NBCnews.com Americans will finally be getting the new $100 bill in their ATMs and bank accounts on October 8, the Federal Reserve said Wednesday.
The new greenbacks still bear the portrait of Benjamin Franklin -- an 18th century luminary who helped found the new American republic -- but will have several features that will make life harder for counterfeiters and help retailers spot fakes.
Some of these features include: blue, 3-D security ribbon embedded with images of bells that change to the number 100 when you tilt the note back and forth. If you tilt it side to side, those images move up and down.
The new notes have been in development since 2003. The blue security ribbon is woven into the note's fabric -- not printed on. Another security strip, visible to the left of Franklin's head when the note is held up to light, is embedded into the fabric. Like the old note, the new one has a watermark of Franklin's portrait -- also visible when held up to light.
There will also be a Liberty Bell embedded in an inkwell on the face of the note. Both are copper colored until you tilt the note. Then, the bell will change from copper to green.
In a press release the Federal Reserve announced to ensure a smooth transition to the redesigned note when it begins circulating in October, the U.S. Currency Education Program is reaching out to businesses and consumers around the world to raise awareness about the new design and inform them about how to use its security features.
The Federal Reserve also announced that there would be no need to hand over your old bills for the new and the old bills will be destroyed.
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