Are Scottish 20 notes still legal tender?
The Bank of England are set to withdraw the legal tender status of the paper £20 and £50 notes after September 30 2022. After September 30 2022, people with a UK bank account will still be able to deposit the paper notes into their account.
Can you still use old 20 notes 2021?
Are old £20 notes still legal tender? Yes, old £20 notes ares still legal tender. And you can continue to use these paper notes to make purchases at the moment. The old £20 notes will stay valid until the September 2022 expiry date given by the Bank of England.
Is the old 20 note still legal tender?
After 30 September 2022, they will no longer be legal tender
There is £24billion worth of old paper £20 and £50 notes still in circulation, according to new data from the Bank of England. This is made up of £9billion worth of £20 notes – approximately 450million notes, or eight for every adult in Britain.
How do I get rid of my old 20 pound notes?
And you can always exchange withdrawn notes directly with the Bank of England. You can do this with the cashier in person at the central bank located on Threadneedle Street in London. You can also do it by post if you don’t live close by. For a post or in-person exchange, you’ll need your ID.
Are old 5notes still valid?
The old paper £5 note – which was replaced by a new polymer version on September 13, 2016 – stopped being legal tender on May 5, 2017. As for the old £10 note – of which a new polymer version came out on September 14, 2017 – the cut-off date for using this was March 1, 2018.
Can I use the old 10 note?
Banks don’t legally have to accept old paper notes and coins once they‘ve been withdrawn from circulation. However, some may continue to allow you to swap them while others may let you deposit old notes and coins into your account.
Can shops refuse old 20 notes?
The Bank of England has announced that the old notes will go out of circulation on 30 September 2022. This mean you will not be able to use the notes in shops, but you will be able to exchange them for new notes. Some banks and the Post Office may also accept them if you wish to deposit them into your bank account.
Are paper 10 pounds still legal?
Paper £10 notes were withdrawn as a legal tender in March 2018 and paper £5 notes were scrapped way back in May 2017. … These paper notes are no longer legal tender, meaning they can’t be used to pay in shops, but the good news is you can still deposit them or exchange them for cash.