How long do old 20 notes remain legal tender?
The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2022, and we are encouraging anyone who has these at home to spend or deposit them at their bank or Post Office.
Can shops refuse old 20 notes?
After September 2022, cafes, bars, shops and restaurants will no longer accept the paper £20 note. This is the same day as the old £50 note expiry date. The Bank of England have to give up to six month’s notice to when an old bank will cease as tender.
Are old 20 still accepted?
Paper £20 notes go out of circulation on Wednesday, September 30, 2022. Until then, you can still use the old £20 notes as they are accepted as legal tender. If you’re looking to exchange any old notes, The Bank of England website has further information. … And, you can always exchange withdrawn notes with us.
Can you still use old 20 notes 2021?
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 old 5notes still valid?
While the paper £5 and £10 notes are no longer legal tender, they will always be accepted by the Bank of England. People can take or post any old notes to the bank in Threadneedle Street, in the City of London, to be exchanged for a new-style polymer one.
Do banks still take old 10 notes 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Banks don’t legally have to accept old paper notes and coins once they’ve been withdrawn from circulation.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.
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And you can always exchange withdrawn notes directly with the Bank of England.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 paper 10 pounds still legal?
Are old £10 notes legal tender? The old paper £10 notes that were withdrawn from circulation on 1 March 2018 are no longer accepted as legal tender. This means you cannot use them to buy any goods or services whatsoever. However, all is not lost, as you can exchange your old £10 notes for new ones.
Are they making new 50 notes?
The new £50 note features British WW2 codebreaker and scientist Alan Turing as the iconic figurehead alongside the Queen. It was released earlier this year in June 2021, to commemorate the mathematician’s would-be 109th birthday. The note is made of plastic, making it harder to rip and more durable for long-term use.