Can you exchange old Bank of Scotland notes?
Yes, as a Royal Bank of Scotland Bank customer you can swap, or deposit into your account, out of circulation coins/notes and replace them with new ones.
Are old Scottish notes still legal tender?
Following the successful launch of polymer £5 and £10 notes by the Scottish note issuing banks, the older paper versions of these notes have actively been removed from circulation. As a result of this, the note issuing banks have recommended a final date of 1st March 2018 for using these notes.
Where can I exchange Scottish notes?
Our notes always keep their face value. If your local bank, building society or post office won’t accept them, then you can exchange them with us.
Can I pay Scottish notes into my English bank account?
Can You Spend Scottish Money in England? The shortest of answers is yes, but no business is legally obliged to accept your money. In England, no business is legally forced to accept banknotes printed by the Scottish and Northern Irish banks.
Can I still exchange old 20 notes Scotland?
Can I use the old paper £20 note and when does it expire? You can use the paper editions of the £20 until September 30, 2022. After this date, the paper £20 is no longer legal tender. To avoid having any old and invalid notes in your wallet, spend them or deposit the notes into your bank account.
Can you still use old 20 notes 2021?
30 September 2022 is the last day you can use our paper £20 and £50 notes. Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And, you can always exchange withdrawn notes with us.
Where do I send old bank notes?
Send it with your banknote(s) and photocopies of ID (one photo ID and one proof of address) for any exchange (mandatory for any exchange of £700 or more) to Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH. To check what we accept please see ‘Identification and proof of address’ below.
Are Scottish pound notes worth anything?
Scottish notes are essentially cheques made out to cash and drawn on the current accounts of the issuing bank. Firstly this means that they are only worth anything if you trust the bank concerned not to default.
What Scottish notes are in circulation?
Current issue notes The Royal Bank of Scotland currently issues banknotes in £1, £5, £10, £20, £50 and £100 denominations.
Why are Scottish notes not accepted in England?
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 …
Do Morrisons accept Scottish notes?
Morrisons insisted that “unfortunately, it is no longer a requirement to accept Scottish or Northern Irish notes” but that “some of our stores still take them”. The email added: “This would be the same in Scotland. They may take English notes but are under no obligation to.
Where can I take old bank notes?
At your bank If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.
How long can I use old 20 pound notes?
Exchanging old notes 30 September 2022 is the last day you can use our paper £20 and £50 notes. Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.
Are old 20 notes still legal tender?
The paper £20 note will no longer be accepted as legal tender after 30 September 2022, but you’ll be able to exchange them after then.
Are Scottish notes rare?
Which Scottish bank notes are being withdrawn?
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.
How do I check my Royal Bank of Scotland notes?
Using a magnifying glass, look closely at the MICRO LETTERING in the top left hand corner of the front of every banknote beside the serial number – you should see the text “BANK OF SCOTLAND” followed by the value of the note written in small letters.
Are old Scottish pound notes worth anything?
IF you find a strange banknote stuffed down the back of a sofa or in an old wallet, don’t spend it, whatever you do – it could be worth a small fortune. Earlier this month, five old Scottish £1 notes were sold for £10,000 at auction.