The Royal Bank of Scotland £20 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 third 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 polymer note, first issued in 2020, bears the image of Catherine Cranston on the obverse and a vignette depicting a pair of

Red Squirrel The red squirrel (''Sciurus vulgaris''), also called Eurasian red squirrel, is a species of tree squirrel in the genus ''Sciurus''. It is an arboreal and primarily herbivorous rodent and common throughout Eurasia. Taxonomy There have been ...

s 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 The issuing of banknotes by Scottish banks was regulated by the Banknote (Scotland) Act 1845 until it was superseded by the Banking Act 2009.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 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, 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 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. 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, 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 () is a chemical substance, substance or material that consists of very large molecules, or macromolecules, that are constituted by many repeat unit, repeating subunits derived from one or more species of monomers. Due to their br ...

£20 note was introduced showing the tea room entrepreneur Catherine Cranston 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