Is Scottish 10 pound note legal tender?

Is Scottish 10 pound note legal tender?

Is Scottish 10 pound note legal tender?

Though strictly not legal tender in Scotland, Scottish banknotes are nevertheless legal currency and are generally accepted throughout the United Kingdom. Scottish banknotes are fully backed such that holders have the same level of protection as those holding genuine Bank of England notes.

Can you still use paper 10 pound notes in Scotland?

After 30 September 2022 people with a UK bank account will still be able to deposit withdrawn notes into their account. Some Post Offices may also accept withdrawn notes as payment for goods and services or as a deposit to an account accessed via them. The Bank of England will continue to exchange all withdrawn notes.

Can you still use old Scottish 10 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.

Do banks still take old 10 notes 2020 in 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of Scotland and Ulster banknotes (as with all Scottish and Northern Irish banknotes) remain legal currency, will not be withdrawn from circulation in the same way as the Bank of England notes, and have no end date for acceptance.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 English shops refuse Scottish notes?

In fact Scottish notes are not legal tender anywhere – even in Scotland. In other words, you can’t insist that they be accepted for payment.

What does it say on a Scottish 10 pound note?

It is the second smallest denomination of banknote issued by the Bank of Scotland. The current polymer note, first issued in 2017, bears the image of Sir Walter Scott on the obverse and a vignette of the Glenfinnan Viaduct on the reverse.

Can you still change old 10 notes 2020?

They were both replaced with plastic “polymer” versions. These paper notes are no longer legal tender, meaning they can’t be used to pay in shops, but the good news is you can still deposit them or exchange them for cash.

Are old notes still legal tender?

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 Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And, you can always exchange withdrawn notes with us.

Are 10 notes still legal tender?

While there’s no law to say you can’t keep old banknotes as souvenirs, you can no longer spend them in shops, restaurants or to pay for services once they are not legal tender.

Are old 10 notes still legal tender?

The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. However, old notes can still be exchanged at the Bank now that this point has passed. Although the new tenners came in last year until the deadline the paper money continued to be legal tender so could be spent freely.

Will the bank change Scottish notes?

The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this.” Advice to customers and non-customers for exchanging notes. Issuing banks will continue to accept all Scottish notes from their own customers.

Do Tesco accept Scottish notes?

Do you accept Scottish and Irish banknotes in all your UK stores? Yes. We’re happy to accept all Sterling banknotes in our stores.