Bank of Scotland £5 note Bank of Scotland £5 note The Bank of Scotland £5 note, also known as a fiver, is a banknote of the pound sterling. It is the smallest denomination of banknote issued by the Bank of Scotland. The current polymer note, first issued in October 2016, bears the image of Walter Scott on the obverse and a vignette of the Brig o' Doon on the reverse. The polymer replaces a cotton note also featuring a portrait of Walter Scott. Paper currency was introduced in Scotland immediately following the foundation of the Bank of Scotland in 1695. Early banknotes were monochrome, and
Bank of England note issues tender in 1945. The £50 denomination did not reappear until 20 March 1981 when a Series D design was issued featuring the architect Christopher Wren and the plan of St Paul's Cathedral on the reverse of this large note. In 1994 this denomination was the last of the first Series E issue, when the Bank commemorated its 300th birthday by featuring its first governor, Sir John Houblon, on the reverse. The old Series D £50 note was withdrawn from circulation on 20 September 1996. In May 2009, the Bank of England announced a new design in Series F, featuring James