Customers can exchange an unlimited number of notes, while non-customers can exchange a maximum of £200 over the counter at any NatWest, RBS or Ulster Bank branch. The home report valuation must have been carried out by a valuer on our panel and be less than three months old. Does Belfast accept Scottish pound notes? Fees apply. Transcripts are only acceptable for Scottish residential property purchases and only where they are a re-type of the Home Report valuation. 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. However, we give cash for these withdrawn Bank of Scotland banknotes free of charge. This ensures that people with genuine banknotes issued by the seven banks receive a level of protection similar to people who have genuine Bank of England banknotes. NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now. In fact if a shop refused to take a Scottish/Northern Irish/ Guernsey note that I was trying to spend I'd take my business elsewhere! Will Natwest accept my Irish notes? We must instruct the transcript request. 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. NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now. Especially with Scottish notes in businesses close the border in Newcastle and Northumberland. If Scottish notes were not legal tender, consumers could legally refuse them and insist on gold. While not legal tender, they are UK Parliament-approved legal currency, which makes them a perfectly acceptable way to pay. In response to Brenda: that’s what a UV Light is for. Although the notes may not be used for spending beyond Wednesday, 30 April, they can be exchanged for legal tender at branches of RBS, NatWest and Ulster Bank until 30 October. RBS, NatWest and Ulster Bank customers who still hold “Houblon Notes” - the £50 notes featuring a portrait of Sir John Houblon - after their withdrawal from circulation need not fear losing their money. Pay in notes and cheques; Pay in up to 50 notes; Pay in up to 50 cheques; Pay bills; Some CDMs will accept coins, and let you pay in up to 1,000 coins loose and mixed; Cash deposits to NatWest accounts will clear instantly, and all other transactions will be processed in the … Absolutely no problem with any note that states Sterling on it. RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors. But NatWest, Royal Bank of Scotland, Ulster Bank, Post Office and indeed Barclays have agreed to exchange Houblon £50 notes for customers and … Royal Bank of Scotland's banknotes. Come and visit us for all our latest news, insights and everything NatWest Group. After 30 October, people still holding the notes can exchange them at the Bank of England in Threadneedle Street, London. A shop owner can choose what payment they accept. Since 1992 the Royal Bank of Scotland has issued special notes to mark important anniversaries and occasions. What does legal tender mean? We withdrew cash from an HSBC ATM in Glasgow and they were Bank of England. RBS and NatWest are supporting an industry-wide project which aims to change people’s attitudes to saving. Step-by-step guide to register for the app Close. Thanks to legal differences existing since the 19th century, Scotland’s commercial banks still issued their own banknotes, and people had … See the Bank of England website for more information on how to exchange notes (ID required if visiting in person, address for doing it by post). In fact, no banknote whatsoever (including Bank of England notes!) The old £5 note 8 years ago. New £5 and £10 polymer notes unveiled. The bottom line is they do not accept Scottish money because they ARE ENGLISH. Scottish £10 notes are issued by specific banks, so if you have one after 1 March you'll need to return it to either the Bank of Scotland, Clydesdale or RBS (though you don't need to be a customer). Most people think it means the shop has to accept the payment form. does santander accept scottish notes. The Royal Bank of Scotland, part of NatWest Group, first started issuing banknotes in 1727, and still does so today. The Royal Bank of Scotland, part of NatWest Group, first started issuing banknotes in 1727, and still does so today. Information about the legal position with regard to Scottish banknotes can be obtained by selecting "Legal Position" from the menu above.To aid identification the Scottish banks have all agreed to issue notes of specific … qualifies for the term 'legal tender' north of the border.” See website for T&Cs. You might have heard someone in a shop say: “But it’s legal tender!”. Shrewsbury Arms: Does not accept Scottish Pound notes. Relevance. Scottish banknotes In Scotland, meanwhile, the population’s experience of paper money was very different. Discover some of the most interesting and influential. In order to prevent this, the government extended legal tender status to Scottish banknotes, with the caveat that at their head offices, banks were still obliged to pay in gold or Treasury banknotes. English shopkeepers who are unfamiliar with them may refuse to accept Scottish or Northern Irish notes. Although the notes may not be used for spending beyond Wednesday, 30 April, they can be exchanged for legal tender at branches of RBS, NatWest and Ulster Bank until 30 October. All Bank of Scotland notes bear a portrait of Sir Walter Scott on the front in commemoration of his 1826 Malachi Malagrowther campaign for Scottish banks to retain the right to issue their own notes. I still like the look of the Bank of Clydesdale €20 notes. Chris Blakey, Halifax UK. Banknotes. More than a year after they ceased to be legal tender, there are still £1.5bn-worth of paper £5 and £10 notes that haven’t been cashed in. Let me finish with a quick word to English shopkeepers - please accept Scottish and Northern Irish notes. Very few in England accept scottish notes. Royal Bank of Scotland, Clydesdale and Bank of Scotland have also agreed to exchange their own paper £5 and £10 notes from non-customers up to the value of £250. English shopkeepers who are unfamiliar with them may refuse to accept Scottish or Northern Irish notes. I think OP just wanted to know whether they have equal value. The Bank of Scotland's 2007 series of banknotes is known as the Bridges of Scotland series. A cashier has handed me an old paper £5 note - do I have to accept it? The reverse applies to NI and Belfast . Issuing banks will continue to accept all Scottish notes from their own customers, which can either be either deposited into their account or exchanged for polymer versions. I happily accept Scottish, Irish and English notes in my shop. Use our city list to access your nearest branch and make transactions, carry out banking operations as well as do your banking online. Note the comments above about getting Bank of England notes from non-Scottish bank ATMs in Scotland. Find out how we've been doing that through the Covid crisis. The Scottish banks issue notes in denominations of £5, £10, £20, £50 and £100.Only the Royal Bank of Scotland continues to issue a small volume of £1 notes. Non-customers can exchange their banknotes at the respective issuing bank up to a limit of £250. Houblon notes can be exchanged for legal tender at branches of RBS, NatWest and Ulster Bank until 30 October. The Bank of Scotland, Barclays, Halifax, HSBC, Lloyds, Nationwide, NatWest, RBS and Santander have all confirmed to us that they will accept deposits of the old £10 note from their own customers after 1 March. 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. Doesn’t matter which country the note’s from, it will have UV markings on if it’s real. Our purpose in action (PDF 1.32MB) The Royal Bank of Scotland currently issues banknotes in £1, £5, £10, £20, £50 and £100 denominations. Legal tender has a very narrow technical meaning in relation to the settlement of debt. does santander accept scottish notes. I live in a Scottish tourist town and we are delighted to accept Ulster Bank or other Irish notes in our shops and Post Office . You can either deposit it or opt to exchange it, in which case you can exchange a maximum of £250. Scottish notes … At NatWest Group, we champion potential, in good times and in bad, to help the people, families and businesses we serve to recover, rebuild and, ultimately, to thrive. The Royal Bank of Scotland has today unveiled the designs for its new £5 and £10 polymer notes. Scottish issuing banks will accept paper notes in pay-ins from customers. Explained: Why Scottish banknotes can be rejected 39 comments It is a long-running complaint from many who travel south of the Border from Scotland when an attempt to use a Scottish … Scottish transcripts and home reports. Technically they don't have to accept your custom at all what ever money you are doing. Favourite answer. The Royal Bank of Scotland currently issues banknotes in £1, £5, £10, £20, £50 and £100 denominations. In 2007, the Edinburgh-based Bank of Scotland replaced older style Scottish Pound Sterling bills with a new set of banknotes called The Bridges Series. Over the centuries our banks have issued many different designs. Get next business day settlement and use Tyl’s portal to understand your business better. Col. Lv 6. Customers can exchange an unlimited number of notes, while non-customers can exchange a maximum of £200 over the counter at any NatWest, RBS or Ulster Bank branch. But that’s not the case. 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