Some other systems are also recognised, but it's a good idea to check with your bank or card company before you travel. If you have a non-UK account, you will almost certainly have to pay a charge when you withdraw cash. Again, contact your bank before travelling to find out details.
You might see cash machines in some corner shops and small supermarkets. Check before using them as they are likely to charge a fee for every transaction. Many cash machines also provide the facility to top up your mobile phone credit. Blue Tuesday.. Discover the history of British money at the Bank of England Museum. Explore exhibitions that trace back to the bank's foundation in , featuring old coins, banknotes and unexpected items such as muskets used to defend the bank.
You can even handle a genuine gold bar. British slang has many different names for various elements of the currency. It's thought that this term originally stemmed from the Latin phrase quid pro quo , used to refer to the exchange of one thing for another.
While Scotland and Northern Ireland both use pound sterling, their bank notes are different from those issued in England and Wales. Confusingly, Scottish and Irish bank notes are not afforded official legal tender status in England and Wales, but can legally be used in any British country. Most shopkeepers will accept them without complaint, but they are not obligated to do so.
The main reason for them to refuse your Scottish or Irish notes is if they are uncertain about how to check their authenticity. If you have any problems, most banks will exchange Scottish or Irish notes for English ones free of charge. Standard English bank notes are almost always accepted throughout the UK.
Many visitors make the mistake of thinking that the euro is widely accepted as an alternative currency in the UK. While shops at some major train stations or airports do accept euros, most other places do not.
Lastly, some bigger stores in Northern Ireland may accept the euro as a concession to visitors from the south, but they are not legally required to do so.
You have several different options when it comes to exchanging currency in the UK. Private bureaux de change belonging to companies like Travelex can be found on the high streets of most towns and cities, and in major train stations, ferry terminals and airports. Alternatively, you can exchange money at most bank branches and Post Offices. It's a good idea to shop around, as exchange rates and commission fees can vary widely from one place to the next.
The easiest way to find out which option is best is to ask how many pounds you will receive for your money after all of the charges have been deducted. If you're headed to a rural area, it's also a good idea to exchange money at your first point of entry. The bigger the city, the more options you'll have and the better rate you're likely to get.
Alternatively, it's also possible to use your regular bank card to draw local currency from an ATM often called a cashpoint in the UK. All coins carry the Queens head on the front. Front view. Like the UK coins the notes all carry the Queens head. They also carry a watermark that is visible to the eye only when held up to the light. The watermark is the Queens head and shows in the egg shaped white space on all the above notes. There is also a silver strip that shows when held up to the light along the width of the notes.
Its made from a material called polymer which is a flexible thin plastic. The old five pound note no longer being legal tender after May The new version will last 2. On the back is the face of Winston Churchill along with his famous quote of "I have nothing to offer but blood, toil, tears and sweat".
While the front is still Queen Elizabeth II.
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