How do I exchange old Scottish banknotes?

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How do I exchange old Scottish bank notes?

The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this.” Issuing banks will continue to accept all Scottish notes from their own customers. These can be either deposited into their bank account or exchanged for polymer notes.

Can I change old Scottish 20 notes at the bank?

Yes, as a Royal Bank of Scotland Bank customer you can swap, or deposit into your account, out of circulation coins/notes and replace them with new ones.

Can I change old 20 notes at any bank?

Anyone who misses the date for spending or depositing the old paper £20 note won’t lose out. Even after the old £20 notes have been withdrawn from circulation, the Post Office will accept withdrawn notes as a deposit into any bank account. And you can always exchange withdrawn notes directly with the Bank of England.

Can I change old 20 notes at the post office?

The Bank of England have said that many banks will still accept the “withdrawn notes as deposits from customers” and so will the Post Office. You can also exchange the paper notes for the new polymer ones directly at the Bank of England based in London.

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Can you still exchange paper notes?

If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Do post office take Scottish notes?

Yes. The Post Office will continue to accept pay ins of Scottish paper banknotes.

Can I change old 10 notes at the bank 2021?

Banks don’t legally have to accept old paper notes and coins once they’ve been withdrawn from circulation.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.

Which Scottish notes are out of circulation?

The previous series of Royal Bank of Scotland notes, originally issued in 1987, is in the process of being replaced by polymer notes: the Committee of Scottish Bankers encouraged the public to spend or exchange non-polymer five and ten pound notes before 1 March 2018, which have now been withdrawn from circulation.

Can you use old 20 notes in shops?

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.

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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 get change from a bank UK?

Some banks now have coin machines that let you pay in your spare change without needing to sort it first. Not all banks offer these machines, and even those that do might not have one in your local branch. However, they should be able to take your coins if you sort them yourself.