Re: Scottish Banknotes
Originally Posted by
weedeek
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Old chestnut I know but it’s happened again and it really pisses me off. Tried to pay with a Scots fiver in deepest Yorkshire, one of my favourite places ever, and got the knock back. According to the Association of Commercial Banknote Issuers, banknotes issued by authorised banks in Scot and NI are legal currency and can be accepted throughout the U.K. ( part 6 of currency act 2009) with all the same level
Yup BUT it's entirely a decision between the 2 separate parties of a transaction what banknotes they choose to accept.
That means both YOU and any retailer have the freedom to refuse any kind of banknote.
Doesn't matter whether it is UK banknotes or Scottish banknotes.
If you walk into a local UK corner shop and buy 1 single apple and try to hand over a £50 note the retailer can happily refuse to accept it.
Similarly if I walk into a Costa coffee shop in the UK hand over a UK £10 note to pay £3 for a coffee, and the barista hands me a Scottish £5 note as part of my change, I am within my rights to refuse it and to ask for a UK £5 note.
This isn't about "legal tender" which has a different meaning to what most think. It's about buying and selling transactions between parties.