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Know your Scottish Polymer ?50 notes - Information for Retailers

Following an increase in counterfeit notes, the "Know your Scottish Polymer £50 notes" document assists retailers in determining whether the Polymer Scottish £50 notes they receive...

11 Jan 2022, more…

Attract cyclists to your business by offering secure on-site bike parking with HUDJO

Research shows 45% of people are unwilling to use a bike if there is no secure parking at their destination. HUDJO fixes this problem by encouragingcyclists to hop on their bike and cycle...

6 Jan 2022, more…

When do you want Local Bike Shop Day 2022?

As a member of the cycling trade we want your opinion on what date Local Bike Shop Day should fall within the May Bank Holiday, and how you'd like to celebrate it!

16 Dec 2021, more…

Cytech seeking training partners in Scotland, Northern Ireland & Ireland

Apply now if you are interested in becoming a licenced Cytech training provider in Scotland, Northern Ireland or Ireland.

7 Dec 2021, more…

Still have Fix Your Bike vouchers to redeem? Let the DfT know

The deadline for completing all repairs as part of the Fix Your Bike scheme has now passed but it's not too late to ask for an extension.

22 Nov 2021, more…

Celebrate International Repair Day with 20% off Cytech Theory one, the online introductory bike maintenance

With courses for both enthusiasts and professionals, the Cytech journey you take will differ depending on where you want to take your new skills, but either way your journey will begin with...

26 Oct 2021, more…

Government extends incentive payments for hiring a new apprentice

In excellent news the government has recently announced an extension to their £3,000 incentive payment to employers taking on a new apprentice, with an employment start date from 1...

25 Oct 2021, more…

Latest #BikeIsBest campaign launched: When more people cycle, everyone wins

#BikeIsBest,the cycle industry campaign supported by leading brands, retailers, organisations and cycling advocacy groups, has launched its latest campaign: When more people cycle,...

18 Oct 2021, more…

Benefit from cash boost and skilled new employees with a Cytech based Apprenticeship scheme

With current incentives andfunding grants in place employers taking on new apprentices could receive up to £4,000 per apprentice.

11 Oct 2021, more…

UKCA mark deadline delayed by a year to 1st January 2023

Todaythe government has announced plans to introduce legislation which will enable CE marked goods to continue being placed on the Great British market until 1 January 2023 - an extension...

24 Aug 2021, more…

Know your Scottish Polymer ?50 notes - Information for Retailers

Posted on 11 Jan 2022

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