The Royal Bank of Scotland £100 note is a
sterling banknote
A banknote or bank notealso called a bill (North American English) or simply a noteis a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commerc ...
. It is the largest denomination of banknote issued by
The Royal Bank of Scotland
The Royal Bank of Scotland Public Limited Company () is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank. The Royal Bank of Scotland has around ...
. The current cotton note, first issued in 1987, bears an image of
Lord Ilay, one of the founders of the bank, on the obverse, and a vignette of
Balmoral Castle
Balmoral Castle () is a large estate house in Aberdeenshire, Scotland, and a residence of the British royal family. It is near the village of Crathie, west of Ballater and west of Aberdeen.
The estate and its original castle were bought ...
on the reverse.
History
The Royal Bank of Scotland
The Royal Bank of Scotland Public Limited Company () is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank. The Royal Bank of Scotland has around ...
began issuing £100 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Banknote (Scotland) Act 1845 until it was superseded by the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.
Scottish banknotes are 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 Northwestern Europe, off the coast of European mainland, the 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. In a narrow technical sense, neither Bank of England notes nor Bank of Scotland notes are
legal tender
Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything ...
in Scotland.
The £100 note is currently the largest denomination of banknote issued by The Royal Bank of Scotland.
The current 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, 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 £100 note is an image of
Balmoral Castle
Balmoral Castle () is a large estate house in Aberdeenshire, Scotland, and a residence of the British royal family. It is near the village of Crathie, west of Ballater and west of Aberdeen.
The estate and its original castle were bought ...
.
Designs
Information taken from The Committee of Scottish Bankers website.
References
External links
The Committee of Scottish Bankers website
{{DEFAULTSORT:Royal Bank of Scotland 100 note
Banknotes of Scotland
One-hundred-base-unit banknotes
Royal Bank of Scotland