Introducing Polymer

 

Introducing Polymer Banknotes

WHAT?

The Bank of Scotland, Clydesdale Bank and The Royal Bank of Scotland announced that the next generation of £5 and £10 banknotes will be printed on polymer.  Polymer is a thin and flexible plastic material. The new £5 notes were introduced in 2016 and the new £10 notes will follow in the second half of 2017.

The old paper design banknotes will start to be removed from circulation when the new polymer banknotes are issued. Longer term, this will create a simpler banknote circulation model in Scotland.

WHY?

Clean: Resistant to dirt and moisture so stay cleaner than paper banknotes.

Secure: Incorporate advanced security features making them difficult to counterfeit.

Durable: Lasts at least 2.5 times longer than paper banknotes improving the quality of notes in circulation.

The polymer notes will be slightly smaller than the current paper notes (by around 15%). The tiered approach to note size with a different height and length for each denomination will be retained.

The £5 note will be 125mm x 65mm, and the £10 note will be 132mm x 69mm.

WHEN?

Indicative timeline for issuance of Scottish £5 and £10 banknotes can be found below. Based on the best information available as of 18 January 2017. All dates are subject to change. 

WHO?

For further information please contact:

Bank of Scotland:

Tel: 0131 666 3637            E-Mail:- cashchangesupportteam@lloydsbanking.com

Clydesdale Bank: 

Tel: 0141 242 3091             E-Mail:- cash.services.glasgow@cybg.com

The Royal Bank of Scotland:

Tel: 0131 523 8245              E-Mail: rbs.newnotes@rbs.co.uk 

The next Bank of England £5, £10 and £20 banknotes will also be printed on polymer.  The £5 notes will be issued in September 2016, the £10 note in 2017 and the £20 note by 2020.  For further information please click here