The Royal Bank of Scotland £1 note

One pound
CountryUnited Kingdom
Value£1 sterling
Width128 mm
Height65 mm
Security featuresRaised print, metallic thread, watermark, microlettering, see-through registration device, UV feature
Material usedCotton
Years of printing1727–2001
1987–2001 (current design)
Obverse
DesignLord Ilay
Design date1987
Reverse
DesignEdinburgh Castle
Design date1987

The Royal Bank of Scotland £1 note is a sterling banknote. The current cotton note, first issued in 1987, bears an image of Lord Ilay, one of the founders of the bank, on the obverse, and a vignette of Edinburgh Castle on the reverse.

The £1 note is currently the smallest denomination of banknote issued by The Royal Bank of Scotland. The bank ceased regular production of £1 notes in 2001; the denomination is still legal currency and remains in circulation, although it has rarely been seen in cash transactions since about 2006.