Reply With QuotePretty sure that a bank will swop them over for current ones or just accept them as a deposit into your account.
Can’t recall if there is a time limit for when banks will no longer accept them.
Bit of a strange one this - sold something and buyer paid in cash so I’ve now got a reasonably large bundle of notes here. Thing is they are paper notes and not the newer polymer “plasticky” type of notes.
I read somewhere that at some point next year these will no longer be accepted but that already some of them are no longer accepted? Just wondering what the solution is - will the bank just swap them all for new style ones? Do they charge for this? And lastly if anyone knows for sure which are already not accepted and which are yet to be retired?
Last edited by RustyBin5; 26th September 2021 at 19:11.
Pretty sure that a bank will swop them over for current ones or just accept them as a deposit into your account.
Can’t recall if there is a time limit for when banks will no longer accept them.
bank will take them no bother
That spider on the Clydesdale note would really creep me out.
Ha - the famous spider of Robert the BruceOriginally Posted by markrlondon
Yep - paid in a £5K mix of old and new notes last week following a motorbike sale, no problems.
Thanks guys.
You can send them to me, I charge a 25% commission for conversion.
So clever my foot fell off.
Most post offices will also let you deposit money since so many bank branches have shut down.
The note says it PROMISES to pay the bearer on demand……
By coincidence I`ve just had a similar situation with old style £20 notes (English ones, not those Jocko Groats). I found a £20 note folded up in a trouser pocket, probably been there a couple of years or more and its definitely been through the wash. We also found one at my sisters house whilst helping her clear it.
Mrs Walker kindly offered to get them swapped at the bank this morning, only to be told they're still legal tender until November and on that basis the bank wouldn't change them! Seems daft but that's what she was told. I could pay them into my bank account but the prospect of queuing at the bank and making a special trip to do so doesn`t fill me with glee.
I suspect many shops will be reluctant to accept them and there's definitely some confusion around this.
Be prepared for the bank teller asking nosey questions about the source of funds.
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Next time there's a mad scramble for loo roll. You will be well prepared.
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On a slight tangent but still to do with proper money, ( cash ), I didn't know until the other day that you do not have the legal right to pay for goods by cash until it becomes a "debt". For instance, if you order a coffee and payment is required before you get your coffee, then this is not a "debt" as you haven't taken possession of goods, therefore the cafe, or wherever you may be, can insist on card payment.
Just thought I'd share that, and obviously if I'm wrong please correct me.
That's not quite accurate - this often gets misunderstood.
The term 'legal tender' refers to settling a debt/fine - this is where the confusion often arises, it's an old legal term - nothing more. A shop/cafe/retail seller can refuse any form of payment (£50 notes being an example) and can do so legally, they are not bound to accept anything. The buyer can use any seller accepted legal currency or plastic to pay without breaking the law.
Last edited by Chris_in_the_UK; 10th September 2021 at 16:31.
When you look long into an abyss, the abyss looks long into you.........
In a shop recently and was asked to pay by card at the till, I only had cash and it’s was around a fiver, they insisted on card so I apologised and left empty handed, I left the pies, cakes n milk on the counter for them to disinfect before returning them to the shelves.
Quite right, given the Covid situation - why on earth people still want to use germ ridden cash is beyond comprehension?.
When you look long into an abyss, the abyss looks long into you.........
Was the buyer from East Europe ?
No. Why do you ask?
I accepted a load of £50's for a car that I sold whilst living in NE Scotland. I spent quite a few of them over a 6 month period without any problems, that was until I travelled down to London......... whereupon I was quickly informed that the £50 I'd just tried to hand over had been out of circulation for 3 years. My bank were happy to exchange them though.
When that happens I just say I won it playing poker, same when withdrawing large sums, tell them you are going to a big card game.
Or my escorts don’t take visa debit
I can't remember the last time I used cash, in fact these days I usually just use my phone for contactless payments.
Just pay them into your bank account. Then withdraw new cash when you want.
Started out with nothing. Still have most of it left.
The bank will want U.K. know the ins s x outs if a rabbits arse (when I sold a Rolex recently)
Best way us to do about £500 a time at your local post office who accept card pay in
They ask no questions
That’s what I do anyway
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Can I assume you've never been self employed?
To be fair, I don’t think they are personally interested, presumably just ticking the money laundering check box.
The Clydesdale Bank £20 notes were the target of a large counterfeit enterprise around 5 yrs ago. The silver shield was ironed on. Amazing that some of the people who got stung - were under the impression that "You just need to take a counterfeit note to a bank, and they will give you a legal one, taking the counterfeit out of circulation" I don't think they had really thought that through
I took a load of new Euros in payment for a motorbike, and took £4,100 worth of them through Schiphol airport and bought a Submariner in 2010. The £800 made on resale - beat the exchange rate, for sure - but I should have held on to it for 10yrs.
I’ve met a couple of gentlemen that have businesses in Europe, they buy Scottish currency from banks at a discount and then spend the money or bank in the U.K.
One was I sold a motorbike vis the GS forum and the guy asked would I accept Scottish notes. There were other comments about him buying bikes using Scottish ans Clydesdale notes.
Very enterprising.
Not likely they’d have a stash of Scottish notes..
BTW, Do all of those Scottish banks now have their own polymer notes?
At times it can be a problem
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Exactly this - they’re required to ask. You give them a reasonable answer and move on.
I wonder why banks would be selling Scottish currency at a discount?
It's unlikely that they would.
AFAIK, notes issued by Scottish banks are 'cleared' in similar fashion to English notes.
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Jim.
I’m guessing because given the choice people in Europe didn’t want them. Really don’t know.
I don’t see how they’d have the volume for it to be a business but they said it was.
I'm Scottish & have been travelling to Europe for over 40 years.
I've never used notes issued by Scottish banks when abroad. If I'm taking some 'emergency' cash, I'll take BoE notes, simply because they're widely accepted. I suspect that most Scots do the same.
The volume of notes issued by Scottish banks in circulation in Europe will be rather small, I think. Anyone in Europe wishing to exchange currency before travelling to Scotland will be given BoE notes by default.
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Jim.
As a foreigner (English) I would never accept a Scottish note and surprised others (outside a bank) would.
Whilst they might be pseudo legal tender I just wouldn’t know what I was looking at - fake or real.
Three Scottish banks issue notes.
Four Northern Irish banks also do so.
Those seven banks issue legal currency, but it's not legal tender. BoE notes aren't legal tender in Scotland either. (No bank notes are in Scotland.)
______
Jim.
Seven different banks, perhaps 20+ different notes, just too complex for the unfamiliar.
Realise none are legal tender but that they are widely accepted in the respective countries.
There are 19 countries in the Euro Zone & each central bank can issue its own design (with some restrictions) of 7 different Euro denomination (5, 10, 20, 50, 100, 200 & 500) notes.
Now, that's complicated...
______
Jim.
Just as well each of those countries doesn’t allow individual banks to do their own thing too.
Do the Scottish/NI notes even have standard sizes (per denomination)?
I prefer Cash, coins & notes can be washed disinfected whatever you see fit.
I can spend it where I want and not be tracked or watched. Spending on card, or phone, or even tinternet. They know who you paid, what you paid, what you bought and can block further funds. Cash is freedom.
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But we readily accept Scottish notes & Coins?
That’s crazy.
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Yes all have polymer
This.I prefer Cash, coins & notes can be washed disinfected whatever you see fit.
I can spend it where I want and not be tracked or watched. Spending on card, or phone, or even tinternet. They know who you paid, what you paid, what you bought and can block further funds. Cash is freedom.
That’s ok. On point of principal I don’t accept BoE notes either.
I always convert Scottish and other notes that are just about to go out of circulation by sticking them in fruit machines and cashing out the coins - saves going to the bank
Just pop to Berwick and play them this...But of a strange one this - sold something and buyer paid in cash so I’ve now got a reasonably large bundle of notes here. Thing is they are paper notes and not the newer polymer “plasticky” type of notes.
I read somewhere that at some point next year these will no longer be accepted but that already some of them are no longer accepted? Just wondering what the solution is - will the bank just swap them all for new style ones? Do they charge for this? And lastly if anyone knows for sure which are already not accepted and which are yet to be retired?
https://www.youtube.com/watch?v=yYAjshQA2ms
Never seen any of these notes in my life. If someone turned up to pay me with those I'd think they were trying to do me over with Monopoly money
A loooong time ago someone I know was travelling by train from Edinburgh to London. The guy behind the buffet counter stopped accepting Scottish notes after the train had crossed the border. Metalist
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