< Back What is the local currency? Pounds sterling. Often in Scotland you will come across 'Scottish notes'. These have the same value as pounds and are widely accepted throughout the UK. What denominations does it come in? Notes: £5, £10, £20, £50 and £100 Coins (pence): 1, 2, 5, 10, 20 and 50 Coins (pounds): £1 and £2 What is the best way to exchange currency? It is best to exchange currency with banks and Bureau de Changes. What are commonly used forms of payment for everyday purchases (such as groceries)? Cash, Switch card (electronic/ATM), credit cards or checks. Please note that increasing numbers of UK high street retailers & supermarkets have stopped accepting checks as their use continues to decline. Will I be able to use my credit card around town? If not, list when I’ll need cash. Most stores accept credit or debit cards. However some fast food and smaller retail outlets may not. It is best to carry cash when visiting smaller outlets. By what method are bills (such as rent and utilities) paid? Internet bank transfer or checks are the most popular forms of payment. Cash can be paid at local offices. Direct debit is also growing in popularity for bill payments. What are the requirements for opening a bank account? At what stage of the settling-in process should I open one? You may open a bank account prior to arrival if you are on an expatriate assignment. Proof of residency at an overseas address will be required, along with a certified copy of your passport and a letter from your employer. Otherwise, it is recommended that you open a bank account as soon as possible on arrival in the UK. You will need identification such as your passport, a utility bill and a letter from your employer. Will foreign residents be able to find banking services in their native languages? Banking services in foreign languages are not widely available in Aberdeen. Are there any restrictions on services for those who are new to your country? No; however you may not be able to apply for a credit card or any sort of bank loan within the first year or so of your arrival as you usually need time to build up a credit history with the bank. What are typical banking hours? Monday to Friday, 9:30 a.m. to 5:00 p.m. Some are open for shorter hours on Saturday. Are automatic teller machines (ATMs) available around the clock? Yes. Is there any other money information that might help me? The UK has not yet adopted the European Single Currency (the euro) and there are no declared plans to do so in the foreseeable future. IMPORTANT NOTE: Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.