On Thu, 29 Dec 2011 00:57:20 +0000, "
wrote:
On 29/12/2011 00:19, Bruce wrote:
Jim [wake wrote:
Scottish banknotes have been at par for well over 40 years
[originally
they were discounted at sixpence in the pound] but even now many
smaller
shops don't accept them, probably because of unfamiliarity.


The more likely reason is that some of the banks in England will not
accept them. I believe that some banks won't accept them at all because
they are not considered legal tender.

Really? My bank accepts them at least for deposit.


Some do, others don't. There is no list of banks that accept Scottish
notes, nor of those that don't.


My bank will also accept notes from Northern Ireland, the Isle of Man
and the Channel Islands. It won't accept any notes from Gibraltar, St.
Helena, Ascension, Tristan da Cunha and the Falkland Islands, however.

Most won't take them unless they are bundled separately from notes
issued by the Bank of England

That makes sense, though my bank does not charge retail customers.


If you read the paragraph below, I mentioned that. Business accounts
are very different; when personal bank accounts were made mostly free
of bank charges, business account charges went up to compensate. The
banks had to recover the lost income from somewhere. :-(


Personal (as distinct from business) customers may find that their bank
will accept Scottish notes out of goodwill, but the best way to get rid
of them is to take them to a Post Office. You may get a less than
enthusiastic reception, because accounting for Scottish notes has to be
done separately and is something of a chore, but all Post Offices are
expected to take them.

Interesting to know.