Retailers and businesses will be much busier than usual over the festive period and often employ temporary staff, so there is an increased risk of counterfeit banknotes being passed.
During this busy time we are reminding our members and thier staff to check that all banknotes being passed in transactions are genuine, and to ensure you know what to do if they suspect a banknote is counterfeit.
Manual checks can quickly and easily be made using the security features on banknotes whenever notes are being passed in a transaction. Don’t rely on checking just one security feature, but check a few such as;
The polymer £5 note
Additionally please see the free Banknote App foriOS and Android, which is an interactive touch screen guide for checking your banknotes.
Information on how to check banknotes is contained in our free staff training materials.
This short video show how to check all paper banknotes and introduce some of the key security features on the new polymer £5 note. There is also a short film with counterfeit prevention advice for retailers and businesses.
If a countefeit note is suspected or discovered, you should notify the police in all instances.