The Royal Bank of Scotland £20 note is a sterling

banknote A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued ...

. It is the third largest denomination of banknote issued by

The Royal Bank of Scotland The Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Ba ...

. The current polymer note, first issued in 2020, bears the image of

Catherine Cranston Catherine Cranston (27 May 1849 – 18 April 1934), widely known as Kate Cranston or Miss Cranston, was a leading figure in the development of tea rooms. She is nowadays chiefly remembered as a major patron of Charles Rennie Mackintosh ...

on the obverse and a vignette depicting a pair of Red Squirrels on the reverse.

History

began issuing £20 notes in 1727, the same year as the bank's founding. Early banknotes were monochrome, and 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 The issuing of banknotes by Scottish banks was regulated by the Banknote (Scotland) Act 1845 until it was superseded by the Banking Act 2009.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 Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in ...

in Scotland, Scottish banknotes are nevertheless legal currency and are generally accepted throughout the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

. Scottish banknotes are fully backed such that holders have the same level of protection as those holding genuine Bank of England notes. The £20 note is currently the third largest denomination of banknote issued by The Royal Bank of Scotland. The Ilay series of banknotes was first issued in 1987. These banknotes feature a portrait of Lord Ilay, first governor of the bank, on the front. Lord Ilay's image is also used as a watermark on the notes. Other design elements include the bank's coat of arms and logo, the facade of

Dundas House Dundas House is a Neoclassical building in Edinburgh, Scotland. It is located at 36 St Andrew Square, in the city's first New Town. The building was completed in 1774 as a private town house for Sir Lawrence Dundas by the architect Sir Will ...

, the bank's headquarters in Edinburgh, and a pattern representing the ceiling of the headquarters' banking hall. All of the Ilay series notes feature a castle on the back. On the reverse of the £20 note is an image of Brodick Castle. On 5 March 2020, a new

polymer A polymer (; Greek '' poly-'', "many" + ''-mer'', "part") is a substance or material consisting of very large molecules called macromolecules, composed of many repeating subunits. Due to their broad spectrum of properties, both synthetic a ...

£20 note was introduced showing the

tea room A teahouse (mainly Asia) or tearoom (also tea room) is an establishment which primarily serves tea and other light refreshments. A tea room may be a room set aside in a hotel especially for serving afternoon tea, or may be an establishment whic ...

entrepreneur

in place of Lord Ilay.

Designs

Information taken from The Committee of Scottish Bankers website.

References

External links

The Committee of Scottish Bankers website
{{DEFAULTSORT:Royal Bank of Scotland 20 note Banknotes of Scotland Twenty-base-unit banknotes Royal Bank of Scotland