Protecting Small Businesses from Counterfeit Banknotes
The FSB is encouraging small businesses to sign up to the Bank of England’s free Banknote Checking Scheme to protect them from the risks associated with accepting counterfeit banknotes. FSB predicts that cash payments to small businesses will increase during the festive period. Cash is still the number one customer payment method for 25 per cent of small high street businesses, according to FSB.
- Train your staff so they can confidently check notes at point of sale
- Make sure your staff know what to do with a counterfeit note
- Stay up-to-date with best practice
- Learn about important banknote developments
Learn more about the Banknote Checking Scheme here.