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Banknote Watch Trust
Company No. 4149042 (A Company limited by guarantee)
Registered Office: Banknote Watch Trust, Spinnaker House, Saltash Parkway, Saltash. PL12 6YH.
In this page you will find advice on what to do should you come across counterfeit banknotes – based on an extract form the Bank of England Fact Sheet entitled ‘Bank Notes’. For more information, visit the Bank of England website (link to http://www.bankofengland.co.uk/ )
Security against counterfeiting heavily depends on the public easily being able to spot whether a note is genuine. The following four items can be checked on all current Bank of England banknotes. If in doubt, comparing a suspect note to one that is known to be genuine can often help to show the authenticity or otherwise of a note.
The Bank of England recently issued a new-style £50 note in to circulation featuring Matthew Boulton and James Watt.
The new note sports a number of new and enhanced security features, the most striking is a green motion thread, which is woven into the paper. It contains images of the £ symbol and the number 50. When the note is tilted from side to side the images move up and down, and when the note is tilted up and down the images move from side to side, and the number 50 and £ symbol switch. The note also contains UV features and more raised print areas.
The Bank of England website (link to http://www.bankofengland.co.uk/banknotes/newfifty/index.htm )has further information.
The current £50 note featuring Sir John Houblon remains in circulation and can be used normally until further notice.
It is a criminal offence to try to pass or keep a banknote that you either know or suspect to be counterfeit. If you inadvertently receive a note that you believe to be counterfeit, you should take it to the nearest police station as quickly as possible.
For further information about banknotes visit the Bank of England website at www.bankofengland.co.uk
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