For independent retailers, knowing how to check banknotes is crucial, as counterfeit notes can not only result in direct financial loss but can also disrupt operations and affect customer trust. Being familiar with the security features of the newer banknotes means that staff can confidently authenticate cash, adding a layer of security for your business and customers.
The Bank of England has shared a free online training module on banknote security features, with the course providing essential guidance on how to identify genuine banknotes quickly and accurately, including a brief quiz at the end to test your newfound knowledge!
Bira members can also join the free Banknote Checking Scheme, which provides up-to-date information on banknote protection and further supports fraud prevention efforts in the retail sector.
Latest Resources
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Self Assessment deadline less than 100 days away – HMRC guidance
With under 100 days remaining until the 31 January Self Assessment deadline, HMRC is encouraging individuals, including retailers, to start their tax returns early.
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How much cash do you still accept? Independent retailers can respond to this survey today
Bira is working with UK Finance and other organisations who form the UK’s wholesale cash industry to gain vital information to ensure businesses get the best possible service.