Best answer: Are Royal Bank of Scotland pound notes still legal tender?

Can you still use Scottish pound notes?

Scottish notes aren’t legal tender in England or Scotland. Debit cards, cheques and contactless aren’t legal tender anywhere.

Which Scottish bank notes are being withdrawn?

Bank of Scotland and Royal Bank of Scotland have also issued new polymer £50 notes. Both of these issuers, as well as Clydesdale Bank, will withdraw their paper £20 and £50 banknotes on the same date as the Bank of England, i.e September 30, 2022.

Can you still use old 20 pound notes in Scotland?

BRITS have less than a year left to use old £20 notes before they expire. After the deadline you will no longer be able to use the paper note in a shop, as it will be replaced by a plastic version. The new plastic £20 note features artist JMW Turner and the old paper £20 has the face of economist Adam Smith on it.

Do British pound notes expire?

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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When did pound notes stop being legal tender?

The government also believed that the growing vending industry would benefit from the introduction of a one-pound coin. The new cupro-nickel coin was introduced on 21 April 1983 and the one pound note ceased to be legal tender on 11 March 1988.

Are paper pound notes still legal?

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. … After 30 September 2022, the new polymer notes will be the only ones with legal tender status.

Which paper notes are still legal tender?

One year today, on 30 September 2022, the Bank of England will with the ‘legal tender’ status of the ‘paper’ £20 and £50 notes. It is encouraging anyone who has these – there is about £24 billion in circulation – to spend them or deposit them at their bank or the Post Office.

Are old Bank of Scotland notes still valid?

All Royal Bank of Scotland and Ulster banknotes (as with all Scottish and Northern Irish banknotes) remain legal currency, will not be withdrawn from circulation in the same way as the Bank of England notes, and have no end date for acceptance. You are unable to swap / deposit commemorative coins.

Are paper 50 notes still legal tender Scotland?

Exchanging old notes

30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.

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Can you still use old 20 pound notes 2021?

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.

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.