Do banks take Scottish money?

Can I put Scottish money in my bank?

Issuing banks will still accept all Scottish money from customers after the deadline and paper notes may be replaced with plastic ones.

Can you use Scottish money anywhere?

Basically you can spend Scottish & Irish money anywhere in the UK as it is a legal tender denominated and backed by sterling the currency the bank of England notes are issued in.

Do banks take old Scottish notes?

The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this.” 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.

Do UK banks take Scottish notes?

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 …

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Can I pay Scottish money into the post office?

Yes – with personalised paying in slip from Bank of Scotland and a deposit envelope from Bank of Scotland or a Post Office branch.

Will Lloyds bank accept Scottish banknotes?

Scottish notes are Pound Sterling, and if you’re a customer of ours, you’ll be able to deposit these in branch.

Is the Scottish pound the same as the English pound?

Scotland uses the pound sterling, which is the legal tender throughout the United Kingdom (England, Scotland, Wales, and Northern Ireland). … Although Scotland shares the same currency as the rest of the United Kingdom, Scottish banks print their own banknotes.

Can you spend Scottish money in Wales?

If both parties are in agreement, Scottish and Northern Ireland banknotes can be used in England and Wales.”

Are Scottish Bank notes still legal?

The issuing of banknotes by Scottish banks was formerly regulated by the Banknote (Scotland) Act 1845 until it was superseded by the Banking Act 2009. Scottish banknotes are legal currency throughout the United Kingdom, though they are not legal tender.

Can you still use paper 20 Scotland?

Yes, you are still be able to use the paper £20 note until they are withdrawn them from circulation. Much like the introduction of the plastic £5 and £10 notes, bringing the new £20 note into circulation is be a phased process, and the polymer £20 note co-circulates with the paper £20 note for the time being.

Are old paper 5 pounds still legal?

Bank of England paper £5 and £10 notes, which were issued in England and Wales (although they could still be spent elsewhere in the UK), are no longer legal tender having been replaced by polymer plastic versions in 2017 and 2018 respectively.

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Can shops legally refuse cash UK?

Also, despite some confusion regarding ‘legal tender’, retailers are not legally obliged to accept cash payments and such decisions are at the business’ direction, as long as they are not discriminating against the customer.