Glaswegians are being urged to check their change as 'rare' coins continue to be sold on marketplaces such as eBay for hundreds of pounds - and in some cases, five figures. This website and associated newspapers adhere to the Independent Press Standards Organisation's 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. clydesdale and british linen bank , if we were offered notes from bank of scotland we had to refuse them or change them into english notes. Comments have been closed on this article. For other inquiries, Contact Us. Scottish notes aren't legal tender in England or Scotland. Other banks, building societies and The Post Office may continue to accept and exchange Scottish paper notes after the March 1. The city's leading bus service is working with Glasgow Warriors to bring 'free and sustainable' travel options for supporters on matchday during the 2022/23 period. 48 helpful votes. ThePost Office will continue to accept paper notes as deposits following the deadline along with some banks and building societies. The Post Office is preparing for a "last-moment" rush of customers depositing paper 20 and 50 banknotes this week, before they can no longer be used in shops or to pay businesses. He said: Its a village that I lived in for years and I went back there the other day and I saw the sign, but I didnt actually speak to anybody about it. He claims that too many English shops question the Scottish notes when they are presented, and that annoys him. The latest notes to be withdrawn from use are paper 20 and 50 notes, meaning people could be refused from using them from 1 October. If that happens, the transaction that would take you over the limit will be declined and well refer you to the Bank of England website for details on how to exchange your remaining paper banknotes. You are correct that Northern Ireland banknotes are not legal tender. Popular chippy near Glasgow named best in UK-wide awards. Get all the latest Glasgow news and headlines sent straight to your inbox twice a day by signing up to our free newsletter. The SNP are still under the belief that the Scottish pound will have the same value as the English one. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. If you go to your bank they should have a stockpile of English notes behind the counter and will exchange them free of charge. People can take or post any old notes to the bank in . When you purchase through links on our site, we may earn an affiliate commission, which supports our community. We would ask that you kindly consider the long wait times when travelling to the Bank to undertake an in person exchange if you arrive after 2pm it is possible you may not get served before we close.. See valid forms of ID well accept below. Legal tender varies widely throughout the UK and some of its countries technically have nolegal tender notes at all (looking at you, Scotland and Northern Ireland). Both the old 10 note and the old 5 note are no longer in circulation, but if you still have some, there are a number of options. Instead the Scottish banks withdraw old notes from circulation as they are banked. Something went wrong, please try again later. You . Alternatively, you could take a trip to London and visit the Bank of England in Threadneedle Street between 9am and 3pm on weekdays. Santander cuts benefits on 123 account 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. 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. Scottish paper banknotes are actively being removed from circulation across the country, as Polymer notes become more widely used. Dad-of-three shot dead in gun horror survived earlier attempt on his life. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. It's not something we offer to help prevent Money Laundering. more, You seem to have JavaScript disabled. The Bank of England website says that this claim actually has no basis, and that legal tender has a narrow technical meaning which has no use in everyday life. Lines are open from: 08:15 -18:00 Mon to Fri and 08:30 - 14:00 on Saturday. The most recent plastic one to enter circulation was Alan Turing's 50 note, which began circulating on June 23, 2021. You get: 46.00 000. Can I pay Scottish money into the post office. WARNING: Graphic images within this article. Are Northern Bank notes valid 2022? Clydesdale has a branch in the West End. The Post Office will then deposit the money into your account which you can then withdraw. The Bank of England have to give at least six months notice of . Swap cash or deposit old notes at your bank The quickest and easiest way to exchange your old banknotes is to deposit them into your own personal UK bank account. Cumbernauld crash leaves five injured as police close road for six hours. 22 February 2020 at 12:00PM Oldbiggles Forumite 499 Posts "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.". I used to frequent a pub in Oxford where lots of Scottish and Irish "expats" drank. Branch finder Find your nearest ATM JavaScript is disabled. 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 Registered in England & Wales | 01676637 |. Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ. Yes, my apologies for the mistake in my first . The paper notes have not been valid since after September 30, 2022. I spoke to the Banco de Espaa and they said that no bank is obliged to take any currency even though they offer to exchange money :-( Caixa de Catalunya accepted them today them, but the rate was much lower than the internet advertises .they had photos of the notes on the screen to help them decide if they forgeries or not!! Likewise for all other banknotes, its a matter of discretion.. The deadline coincides with the Banks of England's deadline for withdrawing 20 and 50 paper notes from circulation, which is also on 30 September. Non-customers can also have their notes replaced from the issuing bank up to the amount of 250 if they bring a valid. They can roughly assess how much of each coin they will need, with a little extra just in case of more customers than usual or more withdrawals or such. Similarly, the old pound coin has not been able to be used since 2017 when it was replaced by its newer 12-sided alternative. Never had any problems spending Scottish banknotes south of the boarder. Banks should do it. Look inside three-bedroom house up for sale in Glasgow south side, Angry scenes in Dumbarton as riot police pelted with bricks and fireworks as house attacked. You just need to show us a valid photo ID. Those ads you do see are predominantly from local businesses promoting local services. Scots have long had trouble getting their banknotes recognised south of the Border, with the response Its legal tender having become something of a trope. A shopper from Stroud tweeted his disbelief when a post office in Worcestershire refused to change a 10 note for coins, saying that their reasoning was 'nonsense'. If you're sending less than 50 to them, you can expect to receive new notes in the post in exchange. Other banks, building societies and The Post Office may continue to accept and exchange Scottish paper notes afterSeptember 30. Weve made it easy for you to swap your withdrawn banknotes. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Try spending one of them in certain shops in England though and youre buggered. Alternatively, you may use. I am staying in the financial district during my stay, so I'm sure there must be a bank who will do this? I know that for some reason English (and it is only English - never had a problem in Scotland or Wales) seem to not accept them. He died in hospital a short time later. All materials are posted on the site strictly for informational and educational purposes! What Scottish notes are in circulation? Yes you'll be fine with Scottish notes here. Once the old notes are out of circulation, only the new 20 notes can be used to purchase goods, but the Bank of England has issued guidance on how you can exchange any old notes you may still have." When do old 20 notes expire? A spokesperson from Bank of Scotland told Glasgow Live: "On September 30 2022 Bank of Scotland will withdraw paper 20 and 50 bank notes. Currently on the market for offers over 210,000, the fixer upper house could be the ideal project for someone looking to flex their DIY muscles to make the house their own. ", DWP Winter Fuel Payment worth up to 600 explained including eligibility criteria, Martin Compston slams 'disgraceful' mini-budget amid cost of living crisis, Paper 20 and 50 banknotes will expire within days as urgent deadline warning issued, Dad demands end to 'no rules care system' after baby son left for days with dead mum, B&M shoppers praise 12 'energy saving' hoodie ahead of the price cap increase, Businesses and shops may no longer be obliged to accept the paper notes. If they do accept them, it will be at the discretion of the business. 1 English GBP = 70PHP. The local Post Office in the village of Headcorn, in Kent, has confirmed that it will not accept Scottish banknotes - although a reason why has not yet been forthcoming. Well give you the same value in current, valid polymer notes. A Scottish MP has launched a private members bill in the UK Parliament to force English retailers to take Scottish bank notes. As a subscriber, you are shown 80% less display advertising when reading our articles. Please report any comments that break our rules. After that date, retailers may use their discretion to refuse paper notes. VideoAt the crash site of 'no hope' - BBC reporter in Greece, China and Belarus call for peace in Ukraine, How 10% of Nigerian registered voters delivered victory, Sake brewers toast big rise in global sales, The Indian-American CEO who wants to be US president, Blackpink lead top stars back on the road in Asia, Exploring the rigging claims in Nigeria's elections, 'Wales is in England' gaffe sparks TikToker's trip. "People who are not customers of Bank of Scotland can visit a Bank of Scotland branch and exchange Bank of Scotland paper 20 and 50 notes to Polymer versions, up to a value of 250. Cheltenham Festival 2023: Can this year's Ladies' Day crowds top these fashionistas? Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. The maximum value you can exchange is 300. Are Scottish and Northern Irish bank notes "legal tender" and do shops in England have to accept them? The deadline for using your old paper 20 notes is September 30, 2022. The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this." . However, people will still be able to exchange them at their bank branch. Legal tender really only comes in as protection against being sued for not paying your debts. . Why Scottish banknotes can be rejected. They refused saying they couldn't change money because it might be money laundering. Bear in mind though that the risk you run posting them is that they could get lost on the way. Need to change a 20 note into pound coins? A ONCE common sight south of the Border may be making a comeback - as one Post Office in England is refusing to accept Scottish money. The withdrawal of Scottish paper notes coincides with the withdrawal of Bank of . Our system will let you know if youve reached the 300 limit. But a tenner?! In 2015, a new series of polymer banknote was introduced by the Royal Bank, replacing its Ilay series 5 and 10 notes. Glasgow police release CCTV of man wanted after incident during Rangers and Celtic clash. Scottish polymer notes now account for about 90% of 20 notes and 50% of 50 bank notes circulating in Scotland. Especially since it is not illegal to accept them and they can be exchanged for Bank of England notes of the same value. Planning an independent trip to the UK will take more time and effort than a package purchased from a travel agency. The iconic Shawarma King has won the 'best in Scotland' title at the British Kebab Awards for the second time in a row, with the viral eatery on King Street describing their second win as "astounding". If you have any banknotes that arent included in those weve listed, visit the Bank of England website for guidance on what to do with them. City centre serious assault leaves victim in hospital as police hunt suspect, Arsenal 'name transfer price' for Celtic diehard Kieran Tierney amid Newcastle United interest. Clydesdale Bank will swap all Scottish banknotes for its own customers with a 250 allowance for non-customers. These adverts enable local businesses to get in front of their target audience the local community. Being pedantic its worth noting that Bank of Scotland and Royal Bank of Scotland are two completely separate entities. I got one in change over the weekend and used it to pay in a different shop - no worries. Post Office Travel Money Card is an electronic money product issued by First Rate Exchange Services Ltd pursuant to license by Mastercard International. After the launch of polymer 5 and 10 notes by the Scottish . Parliament, a position that was established by legislation as long ago as 1845 and has. Is there a limit to how much I can exchange in branch? Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Send your banknote (s) and photocopies of . The public nominated the artist after ex-Bank of England governor Mark Carney asked for a deceased cultural figure to be selected. If youre unable to reach any of the participating branches for any reason, please check the Bank of England website to find out how to exchange your expired banknotes. We may then apply our discretion under the user terms to amend or delete comments. To use our mobile site, please enable JavaScript. 1 Old paper 20 notes are going out of circulation However, you can still exchange your old notes at the Bank of England. Just like on the English notes, they "promise t. This means that we may include adverts from us and third parties based on our knowledge of you. Can I change Scottish notes at the post office? There are no age restrictions for this service. (although some "English"-branded banks will dispense English notes, as Rabbit points out), but both Scottish and English notes are accepted pretty much everywhere, and (correction) sometimes retailers may give you English notes in change if they've picked some up . Hand us your withdrawn banknotes. Since 2015, polymer notes have been phased into print as they are longer-lasting, have new security features and environmental benefits. This topic has been closed to new posts due to inactivity. "After September 30 2022 Bank of Scotland customers can still deposit Bank of Scotland 20 and 50 paper bank notes into their Bank of Scotland account. Copyright 2007-2023 STV. Paper bank notes will no longer be considered legal tender as public urged to swap them over. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England. So thats why weve decided to make the ability to comment only available to our paying subscribers. 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