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20 Jul 2022

Are you an ACT member? You can get free access to the full range of ACT job boards! Alternatively, an ACT silver membership is the same price - just £60 per year - for...

20 Jul 2022

Mark Brown, guest writer for the ACT, has created a graph using DfT data that compares the use of different vehicles...

20 Jul 2022

Each week Maybe* round up the best social media posts from across the UK. See who's coming...

14 Jul 2022

It's been a busy first half of the year at Maybe* HQ and they've kicked off the second half with one of their favourite celebrations, Independents' Day. Maybe*'s support of the campaign made 21...

14 Jul 2022

The DfT's plan set out the UK’s world-leading ‘greenprint’ to create cleaner air, healthier communities and tens of thousands of new green jobs across the UK.

14 Jul 2022

The Scotland Cycle Repair Scheme works with bike shops across the country to provide free bike repair and maintenance to those who need it most right now.

7 Jul 2022

The strategy sets out objectives and an estimated almost £4bn of investment across Government through to 2025 to deliver the commitments outlined in the Prime Minister’s ‘Gear...

6 Jul 2022

Running social media competitions and Instagram giveaways are an easy way to build your audience and your engagement. But there are a few tips and tricks you need to master, as well as those...

6 Jul 2022

As e-bikes from a reputable shop can often seem overly expensive to consumers, it is also important that IBDs present them with opportunities to spread the cost, through services such as retail...

30 Jun 2022

Independents' Day weekend is taking place from 2-3 July 2022. To celebrate Maybe* have got a tailor-made competition you can share across social media to encourage your customers to shop indie....

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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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