We want to make businesses and residents aware that there has been a recent increase in reports of counterfeit banknotes being used to buy items locally and through online marketplaces.
Across the UK, offenders are arranging to meet private sellers in person and paying with fake notes, often when purchasing higher value items. As a BID we want to support businesses across our area, from independent traders and market stalls to larger retailers, as well as residents who may be selling items privately. Knowing what to look for can help protect you and others.
How to Spot a Fake Bank of England Note
Feel the note
Genuine polymer notes have a distinct texture and areas of raised print. You should be able to feel raised lettering on the words “Bank of England” and around the number value in the corners.
Look at the transparent window
All current UK polymer notes include a large clear window. The details around the window should look sharp and clear, not blurry or dull.
Check the hologram
When you tilt the note, the hologram should change between the value of the note, for example “20”, and the word “Pounds”.
Check the metallic images
On £10, £20 and £50 notes there are metallic or foil patches that change appearance when the note is tilted.
Look closely at the micro lettering
Small printed text such as “Bank of England” should be crisp and easy to read when looked at closely, not smudged or faded.
Check the serial numbers
Serial numbers should be evenly spaced and clearly printed. If the ink looks uneven or misaligned, the note may not be genuine.
Compare it with a genuine note
If something does not feel right, compare it with a note you know is real. Differences in colour, texture or print quality can often be spotted quickly.
Extra Tips for Businesses and Sellers
- Be cautious if someone wants to pay a large amount in cash.
- Take a moment to check notes before completing the sale.
- Shops may wish to use a counterfeit detection pen or UV light.
- If meeting buyers from online marketplaces, choose a busy and well lit place.
- Where possible, use secure payment methods such as bank transfer or trusted platforms.
If You Receive a Counterfeit Note
Do not try to spend it. Counterfeit notes have no value and cannot be refunded. If possible:
- Keep the note and do not return it to the person who gave it to you.
- Make a note of any details about the individual or the situation.
- Report the incident to the police or your local bank.
You can also report incidents online here:
By staying aware and sharing information, we can help protect local businesses and our wider community.