The Royal Bank of Scotland (RBS) state on their website that unlike Bank of England, paper notes are still considered legal but businesses and shops may no longer be obliged to accept the paper notes from that date.
Is Scottish paper money still valid?
Paper £20 and £50 notes issued by Clydesdale Bank, Royal Bank of Scotland and Bank of Scotland will also be withdrawn after 30 September 2022, and these issuing authorities have advised retailers and the public to spend or deposit these notes by that date as well.
Can you still use paper 20 notes Scotland?
Paper £20 and £50 notes are due to expire this week.
From Saturday, October 1, Bank of Scotland paper £20 and £50 notes will no longer be considered as legal tender, while paper notes from the Bank of England for the same denominations will expire on Friday (September 30).
Do banks take paper notes Scotland?
“The Scottish note issuing banks will continue to accept old paper-based notes and there are currently no plans to change this.”
Can you still use 1 pound notes in Scotland?
The £1 note is currently the smallest denomination of banknote issued by The Royal Bank of Scotland. The bank ceased regular production of £1 notes in 2001; the denomination is still in circulation although rarely seen in cash transactions since about 2006.
The Royal Bank of Scotland £1 note.
| (United Kingdom) | |
|---|---|
| Design date | 1987 |
Can you spend paper notes in Scotland?
The Royal Bank of Scotland (RBS) state on their website that unlike Bank of England, paper notes are still considered legal but businesses and shops may no longer be obliged to accept the paper notes from that date.
Do banks still take old 10 notes 2022 Scotland?
All Royal Bank of Scotland and Ulster banknotes (as with all Scottish and Northern Irish banknotes) remain legal currency, will not be withdrawn from circulation in the same way as the Bank of England notes, and have no end date for acceptance. You are unable to swap / deposit commemorative coins.
Can you still use old 20 notes in shops 2022?
Our paper £20 and £50 notes were withdrawn from circulation after 30 September 2022.
Can shops refuse old 20 notes?
After 30th September the old-style paper notes won’t be accepted by shops or businesses as legal tender and so people are being encouraged to spend or deposit them as soon as possible.
How do I get rid of my old 20 pound notes?
At some Post Office branches
The Post Office Opens in a new window may be able to accept withdrawn notes as a deposit into any bank account you can access with them. You can exchange certain banknotes at some Post Office branches, even after 30 September when the paper £20 and £50 cease to be legal tender.
Can you still use paper 100 notes in Scotland?
English banknotes aren’t legal tender in Scotland. Scottish notes aren’t legal tender in England or Scotland. Debit cards, cheques and contactless aren’t legal tender anywhere.
What notes can I use in Scotland?
Our Scottish currency is the British Pound (GBP) and all notes that say “Pound Sterling” are accepted. Both Scottish and English notes are widely used in Scotland. We use the same coins in Scotland and England, so they are fine too.
Do banks still take old 10 notes 2022?
Do banks still take the old £5 and £10 notes? Paper £5 and £10 banknotes stopped being legal tender in 2017 and 2018, respectively. Some commercial banks may still take them as deposits, or you can exchange any withdrawn notes for new ones at participating Post Office branches or at Bank of England.
Should I bring cash to Scotland?
Having cash in your wallet is always useful wherever you are. In Scotland, you’ll need cash to pay for taxis, incidentals, small purchases and tips. You can take US dollars with you and exchange them at the airport or make an ATM withdrawal.
What is the best currency to use in Scotland?
the pound
In Scotland, the unit of currency is the pound (£), which is used throughout the entire UK. All major credit cards can also be used across Scotland, with Visa and MasterCard being most widely accepted.
Do banks still accept old Scottish notes?
Issuing banks will continue to accept all Scottish notes from their own customers. These can be either deposited into their bank account or exchanged for polymer notes.
Can paper 10 notes still be used in Scotland?
The £20 and £50 notes are the latest to be axed from circulation, as £5 and £10 paper notes were removed from use on 2 March 2018.
What notes are legal tender in Scotland?
Scottish banknotes are unusual, first because they are issued by retail banks, not government central banks, and second, because they are technically not legal tender anywhere in the United Kingdom – not even in Scotland, where in law no banknotes – even those issued by the Bank of England – are defined as legal tender
Where can I change notes in 2022?
From 4 to 20 January 2022, make a booking online and exchange up to S$1,200 worth of new notes at any OCBC Bank.
What should I do with old notes?
Exchanging old banknotes
Many banks accept withdrawn notes as deposits from customers. The Post Office will also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And you can always exchange withdrawn notes with us.
What can I do with old pound coins 2022?
It’s much easier here – you can just spend them! They will remain usable for until the end of September 2022. From 1 October 2022 you’ll be able to deposit them or swap them in the same way you can now for fivers and tenners.