Q:

Are Scottish pound notes still legal tender?

A:

Quick Answer

Scottish bank notes are technically not legal tender in England and Wales, according to the Bank of England. However, if the parties involved in a financial transaction agree, Scottish bank notes can be used for transactions in England and Wales.

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Are Scottish pound notes still legal tender?
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Full Answer

Bank notes in Scotland are issued by one of three Scottish retail banks rather than by a government source. All Scottish bank notes are backed by the Bank of England, which allows them to be used unofficially with confidence outside of Scotland but inside the United Kingdom. A Scottish bank note used in England or Wales is technically a promissory note; as such, recipients of these notes in England and Wales have the choice to refuse them.

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