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10 Pounds Ulster Bank
| Issuer | Ulster Bank Limited |
|---|---|
| Year | 2007-2017 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Ulster Bank Limited Ulster Bank Limited Promise to pay the Bearer on demand Ten Pounds Sterling At Head Office Belfast For Ulster Bank Limited |
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| Variants | P#341a - 01.01.2007 P#341b - 03.01.2012 & 01.01.2014 |
| Comments |
Ulster Bank is one of four note-issuing commercial banks in Northern Ireland, operating under a long-standing arrangement that permits private banks to issue sterling-denominated notes provided they hold equivalent Bank of England notes in reserve. The notes are legal currency but not legal tender anywhere in the United Kingdom — a distinction that continues to cause friction at English retailers despite being widely misunderstood.
De La Rue's involvement with Ulster Bank stretches back well over a century, making this a relationship of genuine continuity rather than routine contracting. The ten-pound denomination in this series ran for a full decade before polymer replacement notes were introduced.