Bank Notes

[mikestone]

RE: Bank Notes

(09/04/2018 19:07)RedPanda Wrote:  Scottish banks haven't updated it to polymer if the £100 is still legal tender. I've had a google and it's proving rather difficult to find what notes are legal tender in Scotland.

That's probably because Scottish notes aren't strictly legal tender anywhere.

[wirralbus]

RE: Bank Notes

(04/03/2020 21:51)mikestone Wrote:  That's probably because Scottish notes aren't strictly legal tender anywhere.

I think there is a gentlemens agreement to change like for like notes , as the Bank of England dont produce a £100 note im not sure on what would happen if a £100 note was handed to a bank in England from a Scottish Bank.

[Metroline1511]

RE: Bank Notes

(03/03/2020 22:20)wirralbus Wrote:  Something that i dont think was mentioned at the time but the Polymer £20 was introduced on the 20th February .

The £20 notes i have seen at the moment have managed to not to be folded , these polymer notes are bad when someone folds the note then they have a mind of there own.

I got the first of these new £20 notes today. Just afterwards, I saw someone hand over an old £20 note. I wouldn't be surprised if the paper ones cease to be legal tender soon, perhaps by the end of next year.

[wirralbus]

RE: Bank Notes

(07/03/2020 22:00)Metroline1511 Wrote:  I got the first of these new £20 notes today. Just afterwards, I saw someone hand over an old £20 note. I wouldn't be surprised if the paper ones cease to be legal tender soon, perhaps by the end of next year.

The £20 notes because they circulate slower than the other two denominations will have a longer run before they cease to be legal tender .

The paper £5 notes had been in such a dreadful condition that the polymer replacements managed to circulate faster than the bank of england thought , they lasted 8 months .

The paper £10 notes lasted just on 6 months

So on the basis of 6 / 8 months you will be looking at September or November for the £20 note (paper) to cease to be legal tender .

So get spending or get to the bank to change them to polymer notes