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
-
Deposit Return Scheme: What is it, and what do retailers need to know?
The Deposit Return Scheme launches in 2027, bringing new requirements for retailers selling and accepting returns of drinks containers.
-
Campaign Focus | Media Coverage & The Budget
Bira has continued to feature across trade, local and national press on key issues for independent retailers. Plus, Bira's initial Budget response to the Chancellor.
-
New EU customs costs: what independent retailers have to know
New EU customs rules mean UK retailers face €3 duties per product category on low-value parcels sent to EU customers from July 2026.
-
Is your lease still working for your business?
Changing costs, consumer habits and local markets mean independent retailers should regularly assess whether their lease still works for them.