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The majority of banknotes circulating in Scotland are issued by Scottish banks and are accepted quite freely in Scotland and across the UK. While not legal tender, they are UK Parliament-approved legal currency, which makes them a perfectly acceptable way to pay. "We have set a deadline for using paper £5 and £10 notes as 1st March. Y es, you can – but it doesn't legally have to be accepted. They were both replaced with plastic "polymer" versions. Santander also said it will allow customers to deposit old £10 notes into their accounts after March 1, as did Barclays, Lloyds Bank, Halifax, Bank of Scotland, HSBC and Nationwide Building Society. In response to Brenda: that’s what a UV Light is for. Video'Mosul is healing': Rebuilding the historic city, French skiers swerve Covid in cross-country boom. In fact Scottish notes are not legal tender anywhere - even in Scotland. I happily accept Scottish, Irish and English notes in my shop. Read about our approach to external linking. Sound of Music star Christopher Plummer dies at 911, Russia expels diplomats over Navalny protests2, Romania baptism death sparks calls for change3, Woman, 95, accused over 10,000 Nazi camp murders4, Actress shares story of 'nightmare' nose surgery6, US congresswoman who supported QAnon loses key post7, Parish council Zoom host 'surprised' by reaction8, BBC team threatened after Boxing and the Mob probe9, What Biden's foreign policy 'reset' really means10. However, banks will continue to accept all NI notes from their own customers as deposits or exchange for new notes. does santander accept scottish notes. All non Bank of England notes are issued as part of legal stature; any banking institution/bailiwick who is issuing its own notes is required to hold the exact amount in Bank of England issued notes - this is why there are Giant (£1M) and Titan (£100M) BoE notes - hence whether a Gibraltar, Scottish or Manx Pound, it is still worth £1 Sterling. Shops will stop accepting notes from the day they’re officially withdrawn by the Bank of England, whereas banks will typically allow you to deposit old notes for a while after the date. 'Mosul is healing': Rebuilding the historic city. Shops and anybody else can choose whether to accept Scottish notes or not. Note the comments above about getting Bank of England notes from non-Scottish bank ATMs in Scotland. Post Office - All Post Office branches will accept the notes as a deposit into any main UK bank account even after the notes cease to be legal tender. The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this. Most larger shops accept Scottish notes. If you require a more detailed type of valuation report (i.e. Doesn’t matter which country the note’s from, it will have UV markings on if it’s real. [6] Following the announcement that HBOS (Bank of Scotland's parent company) would be taken over by Lloyds TSB in September 2008, it was confirmed that the new banking company would continue to print bank notes under the Bank of Scotland … Scottish issuing banks will accept paper notes in pay-ins from customers. So I did not have as much invested in Scottish banknotes as I originally thought. Moscow say the diplomats attended weekend protests in support of Putin critic Alexei Navalny. The airport ATMs normally dispense BoE notes (for the reason you quote), as do the Nat West ATM at the east end of George Street, the Barclays at the corner of George Street and Frederick Street and I've had success at the HSBC branch at the west end of Princes Street. In fact if a shop refused to take a Scottish/Northern Irish/ Guernsey note that I was trying to spend I'd take my business elsewhere! "The acceptability of any means of payment, including banknotes, is … Paper £10 notes were withdrawn as a legal tender in March 2018 and paper £5 notes were scrapped way back in May 2017.. Some banks including Bank of Scotland, Barclays, Halifax, HSBC, Lloyds, NatWest, Royal Bank of Scotland and Ulster Bank will allow customers to deposit old paper notes. Retailers may refuse to accept Scottish paper £5 and £10 banknotes from 1 March onwards at their own discretion. Scottish issuing banks will accept paper notes in pay-ins from customers. Three banks in Scotland are authorised to issue notes: Bank of Scotland, Clydesdale Bank and Royal Bank of Scotland. Weekly quiz: Know about these history-making directors? Further reading/Key links. Even our small community shop accepts them. However, you should not rely absolutely on Scottish notes being accepted outside Scotland and this is particularly true when travelling abroad. Yes. Let me finish with a quick word to English shopkeepers - please accept Scottish and Northern Irish notes. No. Non-customers can exchange their banknotes at the respective issuing bank up to a limit of £250. I suggest an experiment before you go as it's a couple of months since I've used them and things might … I regularly travel between England and Scotland. It's generally only if you get an inexperienced sales assistant who doesn't recognise them that they get questioned. The notes are … I work in a busy town centre bar and we take anything (Euros included!). In other words, you can't insist that they be accepted for payment. Details leak over Gemma Collins' surprise return to Dancing On Ice tonight, The GC was a contestant on the 2019 series – and is set to return amid an explosion of glittering … Santander UK plc. I've never had a problem and when I was working in Scotland I often used the Scottish notes I had in England no problem at all. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. There are now less than four weeks left until all Scottish paper £5 and £10 notes are withdrawn from circulation. HSBC know they can exchange them through their Scottish branches where they deal with Scottish notes all the time. Non-customers can exchange their banknotes at the respective issuing bank up to a limit of £250. If you can't spend them then any bank at all will change them for you, you don't have to have an account. HSBC. Even after the old £20 notes have been withdrawn from circulation, many banks will still accept them as deposits from customers. Note that Jersey & Guernsey notes DON'T say Sterling on them anywhere thus why they are almost impossible to … HSBC only offer Standard Valuation Reports or a Scottish Transcript as part of our journey. Information about the legal position with regard to Scottish banknotes can be obtained by selecting "Legal Position" from the menu above.To aid identification the Scottish banks have all agreed to issue notes of specific … And you do not have to accept them in your change either. Scottish notes are legal tender in England and so all shops and banks, etc should accept them. After the launch of polymer £5 and £10 notes by the Scottish note issuing banks, the older paper versions of these notes are being removed from circulation. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Find out more about how we use your information in our Privacy Policy and Cookie Policy. A spokesperson for the Committee of Scottish Bankers said: "Thanks to the work that the issuing banks have already undertaken to swap the older paper notes with the more secure, environmentally friendly polymer notes, the majority of £5 and £10 notes have already been replaced with polymer. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. ‘Completely unfiltered’: How Arlo Parks found her voice, The race to create the world's next super-app, Africa's top shots: Rainy days and racetracks. Not true - the op is referring to Bank of England notes - Scottish and Irish banks are under no obligation to accept them since they're not legal tender in those parts of the UK - only coins are legal tender It is, however, true to say that any bank IN ENGLAND will accept Bank of England notes I still like the look of the Bank of Clydesdale €20 notes. © 2021 BBC. HSBC will probably exchange them for you for free, but most people will accept them without any comment. ", Russia expels diplomats over Navalny protests. Video, 'Mosul is healing': Rebuilding the historic city, Romania baptism death sparks calls for change, Woman, 95, accused over 10,000 Nazi camp murders, Actress shares story of 'nightmare' nose surgery, US congresswoman who supported QAnon loses key post, Parish council Zoom host 'surprised' by reaction, BBC team threatened after Boxing and the Mob probe. ... HSBC. So … Read about our approach to external linking. All Post Office branches will accept the notes as a deposit into any main UK bank account even after the notes cease to be legal tender. Issuing banks will still accept all Scottish money from customers after the deadline and paper notes may be replaced with plastic ones. Absolutely no problem with any note that states Sterling on it. This ensures that people with genuine banknotes issued by the seven banks receive a level of protection similar to people who have genuine Bank of England banknotes. does santander accept scottish notes. In line with this, the Committee of Scottish Bankers encouraged the public to spend or exchange non-polymer five and ten pound notes before 1 March 2018. The Committee of Scottish Bankers is encouraging the public to spend or exchange these notes before 1 March. I can’t give you a definitive answer but I’m 100% certain the answer will be no. BE warned – avoid the HSBC coin-counting machines if you are easily annoyed. ... Bank cashiers will not accept bags of unsorted change. Sound of Music star Christopher Plummer dies at 91, Myanmar teachers join growing anti-coup protests, The voter fraud claims that led to a coup, What Biden's foreign policy 'reset' really means, 'Mosul is healing': Rebuilding the historic city. There are two banks in Northern Ireland which issue bank notes … As a result of this, there is nothing to force any business to accept Scottish notes in England. A Strangely enough, the shopkeepers and taxi-drivers are perfectly within their rights to refuse to accept this currency. The Scottish banks issue notes in denominations of £5, £10, £20, £50 and £100.Only the Royal Bank of Scotland continues to issue a small volume of £1 notes. We withdrew cash from an HSBC ATM in Glasgow and they were Bank of England. In England, businesses are not forced to accept bank notes printed by the seven Scottish and Northern Irish banks. But you do get a few ignorant people who just don't know this! You can change your choices at any time by visiting Your Privacy Controls. Issuing banks will continue to accept all Scottish notes from their own customers, which can either be either deposited into their account or exchanged for polymer versions. Royal Bank of Scotland, Clydesdale and Bank of Scotland have also agreed to exchange their own paper £5 and £10 notes from non-customers up to the value of £250. The seven Scottish and Northern Ireland banks must, by law, set aside assets that are worth at least the value of all of the banknotes they have in circulation. Yahoo is part of Verizon Media. What happens to your body in extreme heat? Scottish notes circulate and are accepted quite freely in Scotland and, for the most part, they are also readily accepted in England & Wales, although branches of Scottish banks there may not issue them. The BBC is not responsible for the content of external sites. The question of using Scottish notes in England comes up from time to time. This deadline coincides with the withdrawal date for The Bank of England's paper £10 note. 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