Bank of Scotland £5 note printed on one side only. The issuing of banknotes by Scottish banks was regulated by the Banknote (Scotland) Act 1845 until it was superseded by the Banking Act 2009. Though strictly not legal tender in Scotland, Scottish banknotes are nevertheless legal currency and are generally accepted throughout the United Kingdom. Scottish banknotes are fully backed such that holders have the same level of protection as those holding genuine Bank of England notes. The £5 note is currently the smallest denomination of banknote issued by the Bank of Scotland. Scottish banknotes are not withdrawn in the same manner as Bank of
Bank of Scotland £10 note Bank of Scotland £10 note The Bank of Scotland £10 note, also known as a tenner, is a banknote of the pound sterling. It is the second smallest denomination of banknote issued by the Bank of Scotland. The current polymer note, first issued in 2017, bears the image of Walter Scott on the obverse and a vignette of the Glenfinnan Viaduct on the reverse. Paper currency was introduced in Scotland immediately following the foundation of the Bank of Scotland in 1695. Early banknotes were monochrome, and printed on one side only. The issuing of banknotes by Scottish banks was regulated