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Banknotes of the pound sterling
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=== Scottish banknotes === {{main|Banknotes of Scotland}} These are the recognised currency in Scotland, although they are not legal tender (nor are Bank of England notes). They are always accepted by traders in Scotland, and are usually accepted elsewhere in the United Kingdom. However, some outside Scotland may be unfamiliar with the notes and they are sometimes refused.<ref name="bbc-hinders">{{cite news|url=http://news.bbc.co.uk/1/hi/scotland/7203378.stm|title= Law 'hinders' Scottish bank notes |date=23 January 2008|work=BBC News|access-date=15 October 2008}}</ref><ref name=scotsman_refused>{{cite news|title=7 in 10 Scots have money rejected in England|url=http://www.scotsman.com/news/scotland/top-stories/7-in-10-scots-have-money-rejected-in-england-1-3289552|access-date=1 February 2014|newspaper=The Scotsman|date=31 January 2014}}</ref> Institutions such as [[Cheque and Credit Clearing Company|clearing banks]], [[Building society|building societies]] and the Post Office will readily accept Scottish bank notes. Branches of the Scottish note-issuing banks situated in England dispense Bank of England notes and are not permitted to dispense their own notes from those branches.<ref>{{cite web| url=https://www.rbs.com/heritage/subjects/our-banknotes.html| title=Our Banknotes| publisher=RBS.com| access-date=4 August 2018| year=2018}}</ref> Modern Scottish banknotes are denominated in sterling, and have exactly the same value as Bank of England notes; they should not be confused with the former [[pound Scots]], a separate currency which was abolished in 1707.
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