City

Money

Some practical infomation on currency and banking for international visitors.

Basics overview - money
Former Bank of Scotland headquarters, which is now a museum that focuses on money, coinage and economics. Photo © Marketing Edinburgh.

Currency

Scotland shares the same currency as the rest of the UK: the British pound sterling (£). One pound is divided into 100 pence (p).

Bank of England £5, £10, £20 and £50 banknotes are legal tender in Scotland.

Some Scottish banks issue their own notes and, although their designs differ from Bank of England notes, they are also legal tender everywhere in the UK.

Coins come in denominations of 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2.

Exchanging currency

Banks usually offer competitive exchange rates, and are a good way of changing currency. You’ll also find a bureau de change in both Waverley railway station and Edinburgh airport.

You can use the following currency converter to check current exchange rates.

Cards and cash

Almost all types of credit and debit card - including Visa and Mastercard - are accepted throughout Britain.

Money can be withdrawn from cash machines (also known as ATMs), however, it's best to check with your bank to find out which Scottish banks you can use, and how you might be charged for the service.

Bank opening hours

Banks are usually open Monday-Friday, 9am-5pm.

Some branches also open for a limited time on Saturday mornings. All banks close on public holidays (sometimes called 'bank holidays').