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The Code is owned by the Bank of England with support from UK Finance. It is sponsored by the British Retail Consortium (BRC), LINK and the Association of Commercial Banknote Issuers (ACBI), who have signed the Code on behalf of their members.
Not all cash is withdrawn by consumers, exchanged for goods or services with a retailer, and then deposited back to the bank to be checked and sorted at a cash centre. Often cash can be locally recycled, for example by becoming ?float? in a retailers? till or self-service machine, before being handed to a later consumer as part of their change, or dispensed through an ATM or self-service checkout. Wherever an individual gets hold of their cash, UK Finance is working to ensure that they can have confidence in the system.
The Code of Conduct for the Authentication of Machine-Dispensed Banknotes
The Code of Conduct for the Authentication of Machine-Dispensed Banknotes aims to ensure notes dispensed from customer-operated cash dispensers (e.g. ATMs or self-service checkouts) are genuine, to help maintain confidence in the currency. If you are responsible for filling a machine that dispenses Bank of England, Scottish or Northern Irish banknotes then you should follow these principles:
*The machines used to authenticate the notes must be listed on the Machine Testing Framework issued by the Bank of England or the Association for Commercial Banknote Issuers.
The Code is owned by the Bank of England with support from UK Finance. It is sponsored by the British Retail Consortium (BRC), LINK and the Association of Commercial Banknote Issuers (ACBI), on behalf of their members.
Unsure whether the Code applies to your organisation? Please click here.
I offer an ATM service (pdf)I offer a self-service checkout (pdf)I offer another type of note dispensing machine (pdf)I am an ATM Operator (pdf)I am a Bank Equipment Manufacturer (pdf)I am a Bulk supplier of banknotes (pdf)
Each year firms operating customer operated cash dispensing machines report their compliance to the code via the British Retail Consortium or LINK. Please see the code document below.