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25 Nov 2025

Longstanding independent Ipswich bike shop Elmy Cycles has installed brand-new doors and adjusted its layout, thanks to funding from Ipswich Borough Council under the Town Fund Grant Scheme.

24 Nov 2025

More than three-quarters of independent retailers, including some of those in the cycling retail sector, are boycotting Black Friday this year, rejecting pressure...

24 Nov 2025

Belhaven Bikes has announced the winner of its 20th anniversary prize draw, celebrating two decades in business.

21 Nov 2025

 Following numerous requests from members, here is an update on the speculation surrounding possible changes to the Cycle to Work scheme.

18 Nov 2025

Independent retailers are warning that proposed changes to the Cycle to Work scheme risk deepening pressures already felt on the shop floor. Writing on LinkedIn just under a week ago, A&S...

17 Nov 2025

Cycling industry bodies have reacted with alarm to reports that the Government is considering re-introducing a spending cap on Cycle to Work purchases, a proposal expected to be examined as part...

13 Nov 2025

The ACT will exhibit at COREbike for the first time in 2026, further strengthening its presence across the UK cycle industry.

11 Nov 2025

Used e-bike batteries are piling up because too many suppliers are failing to meet their legal obligations and it’s time to stop being polite about it, writes ACT Director Jonathan...

7 Nov 2025

Britain's independent retailers, including those in the cycling retail sector, are calling on Chancellor Rachel Reeves to use the autumn budget to restore...

6 Nov 2025

An investigation by Cycling Electric has uncovered that major retailers including Argos, Very.co.uk, and eBay are listing products marketed as ‘electric...

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Know your Scottish Polymer ?50 notes - Information for Retailers

Posted on in Business News , Cycles News , Creative News, Outdoor News, Political News

As paper-money-2078084_1920a consequence of the introduction of the Polymer series of Scottish Bank notes to replace the older paper series of issued notes the levels (quantities) of counterfeit Scottish Bank notes in circulation has been significantly reduced.

However, counterfeit Polymer Bank of Scotland £50 notes are now being seen in circulation. At present the passing of these counterfeit Scottish £50 notes seem to be occurring principally in England, with some now being seen in Northern Ireland.

In order to assist Retailers in determining whether the Polymer Scottish £50 notes they receive as payment are genuine, the ACBI following consultation with the UKNCO have produced the document Know your Scottish Polymer £50 notes.

This document highlights the key significant features in the two notes: Colour Changing Ink (BoS only), Window(s), Holographic Foil and Raised print (name of Bank). The counterfeit notes can be readily recognised by checking four features when the notes are passed to you or during subsequent checks. It is however important that you do not focus on just one security feature.

The passing (or tendering) of counterfeit currency is a crime and should be reported to your Local Police and Not Action Fraud. The Police will require the counterfeit note(s) together with any other relevant evidence / information for example: CCTV of suspects, details of vehicle they were using etc.

The Scottish Issuers have confirmed that both the paper £20 & £50 notes will be removed from circulation on 30th SEPTEMBER 2022.

 

Know your Scottish Polymer £50 notes - Information for Retailers

 

 

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