Scottish Notes in England

[scz4]

Morning guys,

I'm away to pick up my new motor this weekend with a bundle of Scottish notes. The seller is concerned his bank won't accept these "foreign" notes. I queried this with my bank and they said it won't be a problem, banks have to accept them. Whether pubs, supermarkets do is a different story entirely and one I've personally been frustrated with in the past on many occasions.

Anyone had any problems? I suggested to the seller we can desposit the cash in his account if he's still worried. I have the withdrawl receipt to give him.

G

[anonymous-user]

He's an idiot, if necessary go with him to his bank and deposit the money in his account for him.

You can also assure him the exchange rate is still £1 to the £1, so he won't lose out financially

[stevenr]

yellowbentines said:

He's an idiot, if necessary go with him to his bank and deposit the money in his account for him.

You can also assure him the exchange rate is still £1 to the £1, so he won't lose out financially

Correct

The last 2 cars i've bought have come from south of the border and both were paid for with scottish notes.Tell the seller to ram his car up his arse if he doesn't want your cash.

I'd probably look elsewhere now anyway if i were you as this type of thing really pisses me off.

[993AL]

Its normally English shopkeepers and the like who sometimes have a problem with the Scottish notes, probably due to forgeries more than anything else.
The bank wont have a problem with the notes. Why dont you accompany the guy to the bank if he's worried? I would if I was taking a high cash amount for a car if for no other reason than to ensure there are no forged notes. Be aware that the bank will ask questions if the sum is over £8k, they might even ask questions if it is under that ammount, perhaps your bank receipt will help if you have any problems.

[scz4]

Nah, he's a top bloke, definitely not putting me off the car. He's equally concerned that I travel all that way and the bank reject the notes. Not good for either of us.

[alfa pint]

Actually, legally anyone can refuse to take any notes. Doesn't matter where they're from - I could refuse to take English notes in Scotland if I so wished and still be legally correct. PITA as it is - taxi driver at Heathrow last week only accepted them as he knew I'd just flown down from Glasgow and only had Scottish notes on me. More hassle for him to find a cash machine....

[MGZRod]

Isn't the english £20 note being 'de-comissioned' in Scotland? Seen a lot of notices in shops and banks.

[ninja-lewis]

MGZRod said:

Isn't the english £20 note being 'de-comissioned' in Scotland? Seen a lot of notices in shops and banks.

The Bank of England issued a new design with Adam Smith in place of Elgar a while back. Technically the latter is no longer acceptable and can only be changed for the new ones at banks.

[northo]

It's a common misconception that Scottish notes are legal tender in England - they're not. That doesn't mean that the English can't accept them though.

[scz4]

northo said:

It's a common misconception that Scottish notes are legal tender in England - they're not. That doesn't mean that the English can't accept them though.

I have also read this online today since doing a little "research". Seems an absurd situation really.

[MartinD]

I had a similar problem and to save hassle I walked into my branch of RBS up here and withdrew the whole amount in English notes. I was just under the threshold of £10k though so if you're paying more you may have to phone and give them warning!

[istoo]

Been in that boat before as well but the bank can not reject them, or rather a f**kwit bank teller might.

On the flip side, if you request in advance your bank can issue you english notes if you need.

Edited by istoo on Thursday 8th July 13:41

[poprock]

I’ve been through this before, paying cash for a car in London. The bank were fine with my Scots notes, despite the seller’s paranoia.

[bigblock]

northo said:

It's a common misconception that Scottish notes are legal tender in England - they're not. That doesn't mean that the English can't accept them though.

Here is what the Bank of England have to say about "legal tender":-

Bank of England said:

Are Scottish & Northern Irish notes legal tender?

In short ‘No’ these notes are not legal tender; only Bank of England notes are legal tender but only in England and Wales.

The term legal tender does not in itself govern the acceptability of banknotes in transactions. Whether or not notes have legal tender status, their acceptability as a means of payment is essentially a matter for agreement between the parties involved.

Legal tender has a very narrow technical meaning in relation to the settlement of debt. If a debtor pays in legal tender the exact amount he owes under the terms of a contract, he has good defence in law if he is subsequently sued for non-payment of the debt.

In ordinary everyday transactions, the term ‘legal tender’ has very little practical application.

[Deva Link]

scz4 said:

northo said:

It's a common misconception that Scottish notes are legal tender in England - they're not. That doesn't mean that the English can't accept them though.

They're not even legal tender in Scotland.

[mybrainhurts]

yellowbentines said:

You can also assure him the exchange rate is still £1 to the £1, so he won't lose out financially

Correct, but so wrong...

I mean, how can a Scottish pound be worth anywhere near as much as a real one..?

They're so skint up there, they have to wear their wives' skirts...

[scz4]

mybrainhurts said:

Correct, but so wrong...

I mean, how can a Scottish pound be worth anywhere near as much as a real one..?

They're so skint up there, they have to wear their wives' skirts...

You've obviously never priced up a kilt

[mybrainhurts]

scz4 said:

mybrainhurts said:

Correct, but so wrong...

I mean, how can a Scottish pound be worth anywhere near as much as a real one..?

They're so skint up there, they have to wear their wives' skirts...

You've obviously never priced up a kilt

You dirty beast...

[sherman]

mybrainhurts said:

yellowbentines said:

You can also assure him the exchange rate is still £1 to the £1, so he won't lose out financially

Correct, but so wrong...

I mean, how can a Scottish pound be worth anywhere near as much as a real one..?

They're so skint up there, they have to wear their wives' skirts...

I had heard that Scottish money is technically worth more than English money as under Scottish law the Scottish banks have to hold enough gold in their vaults to cover all money that they issue. Where as English banks dont have to hold enough gold and so their money is worth less.

[mybrainhurts]

sherman said:

mybrainhurts said:

yellowbentines said:

You can also assure him the exchange rate is still £1 to the £1, so he won't lose out financially

Correct, but so wrong...

I mean, how can a Scottish pound be worth anywhere near as much as a real one..?

They're so skint up there, they have to wear their wives' skirts...

I had heard that Scottish money is technically worth more than English money as under Scottish law the Scottish banks have to hold enough gold in their vaults to cover all money that they issue. Where as English banks dont have to hold enough gold and so their money is worth less.

That's down to a cunning trick by the Scottish Gordon Brown...he gave it away