Money of Scotland

The currency in Scotland is not different from the rest of the United Kingdom in that it is also consists of British Pounds (£), although Scottish banks print their own versions. These "Scottish notes" are widely accepted throughout the United Kingdom, although cases have been reported of a few shops outside Scotland refusing them (check out this discussion about scottish money). You will, however, not have a problem when using English notes anywhere in Scotland. If you are visiting from further afield, it is usually wisest to exchange your money into the local currency. Scotland is a well developed country with a good economic infrastructure. For the average tourist, this means that they will find it relatively easy to get about and to exchange their money. Scotland also does not have any import or export restrictions on any form of money so visitors will not have to fret about whatever currency they carry into the country with them.

The currency of Scotland is the GBP Pound (£). One pound is comprised of 100 pence and coins can be obtained in 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2 denominations. Bank notes are commonly divided into £5, £10, £20 and £50 amounts. Scottish banks also issue a £1 notes which can be used as legal tender anywhere in the United Kingdom. Money can be exchanged in banks, at foreign exchange bureaus and hotels. The exchange bureaus are generally open for longer than banks are but charge higher commission rates. Banks are usually open from 9:30am to 4:30pm from Monday to Friday. Some banks are also open on Saturdays.

If you plan to use American Express, MasterCard or Visa Cards, you will find that credit cards and debits cards are widely accepted. The same is true of Travelers cheques which should be in GBP to avoid extra exchange rate charges. There are also a multitude of ATMs available throughout Scotland so you will have easy access to cash.

 



User Comments & Reviews: 26 Comment(s)

Page 1 of 6

David Thomson

David Thomson - 2014-03-29 09:10:18

There is also a £100 note in Scotland. Discussions are ongoing between the Scottish government and the UK government about Scottish currency in the event of a yes vote in the Scottish independence referendum in September 2014. GBP is the preferred Scottish currency but the UK (at present) say that won't be possible.

Reply to this comment

JOHN MCDONALD - 2010-09-08 03:55:41

THANKS! this has helped me heaps, understanding the money over in Scotland. Because i decided to research our family history after my Grandad just got back from Scotland and gave me and my sister a scarf with our clans colours and it made me want to research and find out more about our background and history and this has helped me understand about our currency. So far i have found out that our clan is the biggest their is.
THANKS FOR THE INFORMATION,, WE ARE GOING ON THE 14TH AND WE WE WERE WONDERING WHAT CLAN YOU ARE FROM???.. WE ARE OF THE DONALD MCDONALD CLAN.. ANY USEFUL INFORMATION THAT YOU HAVE WOULD BE GREAT...THIS WILL BE A SUCH A WONDERFUL TRIP FOR US...

Reply to this comment

Casey - 2010-08-09 10:36:17

THANKS! this has helped me heaps, understanding the money over in Scotland. Because i decided to research our family history after my Grandad just got back from Scotland and gave me and my sister a scarf with our clans colours and it made me want to research and find out more about our background and history and this has helped me understand about our currency. So far i have found out that our clan is the biggest their is.

Reply to this comment

>> Back to Top

Click to show more comments...






Combine Flights?












Password Reminder

Or sign in using one of the following providers:

Latest Travel Articles

Fascinating History at the Ullapool Museum

Located in a superbly preserved stone building in West Argyle Street, the Ullapool Museum and V.... read more

Visit the Birthplace of Philanthropist Andrew Carnegie

Visitors to the charming town of Dunfermline in Fife will find it worthwhile to set aside some .... read more

The Great Scottish Castle Trail - Part Three

--A Battlemaster's Guide to Doing Scotland Right-- (Continued from Part Two) A number of othe.... read more

The Great Scottish Castle Trail - Part Two

--A Battlemaster's Guide to Doing Scotland Right-- (Continued from Part One) A short jaunt ea.... read more

The Great Scottish Castle Trail - Part One

--A Battlemaster's Guide to Doing Scotland Right-- Scotland is the land of castles. With arg.... read more

More Articles