Submitted by Helen Bailey on Thu, 19/12/2019 - 16:58
Fraudsters are trying to push their stock of forged £20 notes in advance of the new Polymer £20 coming out in February.
Follow Barclays guidance below to help avoid accepting a forged note.
How to identify a genuine £20 banknote
There are two primary security features:
Hologram image change
Tilt the note from side to side. Check the images change between a ‘£’ symbol and the number ‘20’
Bright ‘£20’ in the watermark
Hold the note up to the light. Check there is a bright ‘£20’ at the top of the Queen’s portrait
You can find a full list of security features on the Bank of England website: https://www.bankofengland.co.uk/banknotes/20-pound-note [1]
Online banknote training
The Bank of England offers a 30-minute online banknote training course [2]. It is designed to highlight the security features on their notes, which you can use to check your notes are genuine.
They also offer advice and a short test to check your understanding.
The University also has a Cash Handling course [3] which goes into more detail about our cash processes.
Related links
Links
[1] https://www.bankofengland.co.uk/banknotes/20-pound-note
[2] https://www.bankofengland.co.uk/banknotes/counterfeit-banknotes/how-to-check-your-banknotes#:~:text=%C2%A350%20note-,Online%20banknote%20training,approximately%2030%20minutes%20to%20complete.
[3] https://www.training.cam.ac.uk/fin/course/fin-ol-ch
[4] https://www.finance.admin.cam.ac.uk/chapter-7-cash-and-banking-procedures/banking-procedures/receipt-cash-and-cheques-within-department