Contact Us: 0207 017 8880

The National Crime Agency (NCA) has detected a number of counterfeit Polymer Scottish £50 notes in circulation in England, Wales and Northern Ireland where there is less familiarity with their designs.

To help businesses spot these counterfeit notes, the Association of Banknote Issuers has worked with the NCA to produce a new ‘Know your Scottish Polymer £50 Notes’ guide. It is hoped that this guide will aid retailers in checking notes at the point of sale to avoid being defrauded by fake bank notes.

The ‘Know your Scottish Polymer £50 Notes’ guide can be found here.

In the document, the key security features of the current polymer £50 notes issues by the two Scottish Banks are detailed. The key security features are:

  • Clear Window(s)
  • Spark feature – Colour Changing ink Gold to Green (Bank of Scotland)
  • Holographic Foil
  • Raised Print / Text – ‘Name of the Bank’

The absence of these security features in notes passed for payment indicate that they are in fact to be regarded as counterfeit.

The counterfeits may feature a deceptive simulation of the Foil Hologram and as such it is important that the other security features are checked for example in relation to the Bank of Scotland £50 are the windows in the building clear (see through) anf does the 50 change colour from Gold to Green

The passing (or tendering) of counterfeit notes is a crime and should be reported to your local Police. Once reported, they will require the counterfeit notes together with any other relevant evidence and information (CCTV, description of suspects, details of the vehicle they were using).

The Scottish banks are withdrawing their paper £20 and £50 notes on the same day as the Bank of England, so 30 September 2022 will be the last day the paper notes can be used.

Related Articles

Related Articles

Members must comply with new WEEE vape and e-cigarette legal obligation

Launching at the end of March, all vape and e-cigarette retailers now have a legal obligation to offer customers a free recycling point for these items. Fed members can read the latest updates here.
Read More

National World Price Increases

The Fed is informing members of a recent National World trade announcement, displaying price increases with pro-rata margin changes.
Read More

Scottish Business Event Presentations

The Scottish Business Event was held on Monday, March 13 at the Radisson Blu in Glasgow.
Read More