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Money and Banks


Bank Opening Times


Banks usually open Monday to Friday between 0900-1600/1700hrs (some open until later on Thursdays and a few open on Saturday mornings).




Scottish banks issue their own bank notes in all denominations. These differ in design from English notes, but are of the same value and are accepted elsewhere in the UK (although you are best to change 1 notes for 1 coins before you leave Scotland). English notes are accepted in Scotland. In Scotland, banks usually give the best exchange rate for foreign currency, and many offer this service. It is also possible to change money in airports, larger rail stations, travel agents and some of the larger hotels (if you are a resident); there is usually a handling fee and commission. Most towns and cities have cash machines where you can obtain British Currency using your cash card or credit card. Some establishments may accept Euro traveler cheques.

Money and Banks In Scotland


Credit Cards


Main stores, hotels and restaurants in Scotland will accept the majority of credit cards. It is advisable to carry some Sterling; for example, many smaller accommodation establishments such as B&Bs are unlikely to accept credit cards; this also applies to other small businesses.


Tax Refunds


Value Added Tax (VAT) at 17.5% is applied to goods and services. Non-EU visitors to Scotland can reclaim it on goods only, by using the Foreign Exchange Tax Free Shopping arrangements. You can reclaim VAT at participating stores. A Tax Free Shopping form is obtained and completed at the shop where you must also show your passport. The form has to be presented to HM Customs and Excise, as you leave the UK.