The Royal Bank of Scotland £1 note

The Royal Bank of Scotland £1 note is a sterlingbanknote. 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 Edinburgh Castle on the reverse.

The £1 note is currently the smallest denomination of banknote issued by The Royal Bank of Scotland. The bank ceased regular production of £1 notes in 2001; the denomination is still legal currency and remains in circulation, although it has rarely been seen in cash transactions since about 2006.