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Warning over Scottish £20 and £50 paper banknotes ahead of major change this year
23.03.2022 - 18:53 / dailyrecord.co.uk
A number of paper banknotes will be withdrawn in Scotland later this year.
Bank of Scotland, Clydesdale Bank and the Royal Bank of Scotland will withdraw their paper £20 and £50 banknotes on September 30.
This will come just over a year since the new £50 polymer notes - containing portraits of Sir Walter Scott and Flora Stevenson - went into circulation.
The date of the withdrawal of the paper notes will come as the Bank of England phases out its own £20 and £50 paper notes.
People will have to use their remain Bank of England paper notes by the end date, when they will no longer be legal tender.
Officials have urged the public south of the border to spend or deposit them at their bank ahead of the September 30 deadline.
But the Scottish paper notes will continue to be accepted, according to the Committee of Scottish Bankers.
They say: “All the Scottish banks will begin to withdraw paper notes from circulation as the polymer notes are issued.
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“These notes will continue to be honoured, however, if you have any of these notes, you should take these to your branch/bank for credit to your account.”
The design of polymer notes is said to enhance protection against counterfeits.
“Polymer banknotes are manufactured from a transparent
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