How do I check cash is real and not counterfeit

How do I check cash is real and not counterfeit

Simple ways to check:

  • Look for raised text and markings
  • Feel the paper
  • Look for the metallic thread
  • Check the watermark
  • A UV lamp (don’t use the small keyring versions)
  • Remember bank notes increase in size, £50 notes are bigger than £20, £20 are bigger than £10 and so on…

I’ve found a counterfeit note, what do I do?

It is a criminal offence to hold onto or pass on counterfeit notes. If you suspect a note is counterfeit, take it to the police as soon as possible. They will give you a receipt and it will be sent off for testing, if your note is found to be legitimate then you will be given a refund. If you received the cash as part of payment for an item then read this.

The £20 note is most commonly counterfeited so here is what to look for:


What about the other notes?

A full guide on bank notes can be found on the Bank of England’s Website

Did you know the new £5 notes will be coming out this year (2016)?

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Important things to remember with everything we post:

  • If you earn over your personal allowance (currently £12,570 a year) HMRC need to get their % cut (even if the money is in cash or from another country)
  • If you’re working for yourself / earning an income on the side you need to let HMRC know – There are numerous benefits but also some drawbacks
  • You need to always ensure whatever you’re doing is legal and not hurting anyone else – be careful and always think twice
  • Some income streams may require you to have DBS check, licence, insurance or qualifications before you can start to profit from it, do your research.
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  • If you work for a company check your contract, if you don’t inform them you’re working on other side projects outside of work they may have grounds to ownership on this work

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