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The Confusion Surrounding Scottish Banknotes in England

Ryan May 22nd, 2019
The Confusion Surrounding Scottish Banknotes in England


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Have you ever received a banknote and not known if it was a real banknote? Approximately a third of English residents go through this issue when receiving any Scottish banknote. Why does this happen?

The Confusion Behind the Notes

The most likely reason for this uncertainty with Scottish banknotes is due to the fact that Scottish banknotes are considered "legal currency," but not "legal tender." The Royal Mint describes the difference between these terms has to do with the settlement of debts.

#ICYMI: Royal Bank of Scotland unveils design of first polymer £20 note which will feature an image of turn of the century entrepreneur Kate Cranston. Take a look at the history of Royal Bank of Scotland’s banknotes so far: https://t.co/H8QrUIDCkp pic.twitter.com/AauEtA1EOD

— RBS (@RBS) October 29, 2018

How Residents Respond to the Notes

About 76% of English residents could not identify which country the Scottish banknotes were from. This could be another source of the dismissal of the banknotes. Another 16% of residents were under the impression that Scottish banknotes were out of circulation. 

Overall, 23% of residents said that they would reject Scottish banknotes if someone tried to use them. This issue began to gain more attention after Judy Murray, a British tennis coach from Scotland, tweeted that her "£10 Bank of Scotland note [was] refused." 

Alistair Carmichael, a member of the U.K. parliament, has been working to enforce the acceptance of Scottish banknotes throughout the U.K. and make sure that businesses accept them as payment.

How to Know if You Received a Fake Banknote

Luckily, you don't have to wonder if your Scottish banknotes are fake if you learned the tips and tricks for identifying a banknote. If you do realize your banknote if fake, here's what you should do

What CXI Does to Fight Counterfeit Currency

In order to prevent counterfeit currency, CXI has multiple layers of checks and training our staff receives. We also comply with our internal policy and process by submitting the incident to the secret service for review if we receive it.   

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