What 20 pound notes are going out of circulation?

News release. The Bank of England will be withdrawing legal tender status of paper £20 and £50 banknotes after 30 September 2022. After this date, paper £20 and £50 banknotes will no longer be legal tender.

How long can I use old 20 pound notes?

People have just 100 days left to use the paper £20 and £50 banknotes remaining in circulation, the Bank of England has said. The last day the notes will have legal tender status is 30 September.

Can you still use old 20 pound notes 2021?

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 Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And, you can always exchange withdrawn notes with us.

What to do with old 20 pound notes?

You can always exchange withdrawn notes with us by post. Be aware the banknotes are sent at your own risk. So please take appropriate measures to insure against loss or theft. Please complete a postal exchange form for individuals or businesses (available below).

Can you still use old 20 pound notes in a shop?

The £20 note going out of circulation means 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.

When do old £20 notes expire? 30th Septemper 2022!

Can shops refuse old 20 notes now?

Can shops refuse old £20 and £50 notes? Households will no longer be able to spend paper notes in shops, or use them to pay for services, after the September deadline. However, anyone with a bank account in the UK will still be able to deposit paper notes into their accounts.

How long can I use old 10 pound notes?

While the old paper £5 and £10 bank notes are no longer legal tender, you can still pay with the paper versions of both the £20 and £50 notes until 30 September 2022. After this date, they will no longer be classed as legal tender.

Are paper 20 notes still legal tender?

The Bank of England will be withdrawing legal tender status of paper £20 and £50 banknotes after 30 September 2022. After this date, paper £20 and £50 banknotes will no longer be legal tender.

Which pound notes are out of circulation?

How do you get a 50 pound note?

A new £50 note featuring WW2 codebreaker Alan Turing has launched today - but you can only get your hands on the note in two locations. Cash fans can find the notes in the City of London, near the Bank of England - or at Bletchley Post Office.

Is there a 100 pound note?

The £100 note is currently the largest denomination of banknote issued by The Royal Bank of Scotland. The current Ilay series of banknotes was first issued in 1987. These banknotes feature a portrait of Lord Ilay, first governor of the bank, on the front. Lord Ilay's image is also used as a watermark on the notes.

Are the paper 10 notes still legal?

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.

Where can I change notes in 2022?

Can you change old 20 pound notes at the bank?

And you can always exchange withdrawn notes directly with the Bank of England. You can do this by post or in person with a cashier at the central bank located on Threadneedle Street in London.

Are bank notes legal tender?

Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not.

Do banks still take old 20 notes 2022?

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.

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.

Are 50 pound notes still valid?

The majority of paper £20 and £50 banknotes in circulation have been replaced with new polymer versions. But there is still around £14bn-worth unaccounted for. People have only 100 days left to use the paper Bank of England £20 and £50 banknotes before they will no longer be in circulation.

Can shops refuse to take cash?

According to the Money Saving Expert, shops are legally allowed to refuse cash payment for items as long as they are not discriminating against the customer.

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.

Is there a new 50 pound note?

It put the polymer £50 note into circulation on 23 June 2021, meaning the Bank's entire collection of currently-printed banknotes is made of plastic. The new note features a portrait of Mr Turing, who conceived modern computing and played a crucial part in the Allied victory over Nazi Germany in World War Two.

Which ATM can get new notes?

Emirates NBD, Abu Dhabi Commercial Bank, First Abu Dhabi Bank and Bank of Sharjah are amongst the national banks to programme their ATMs for the new denominations.

Which bank can get new notes?

Maybank. Maybank is making available new RM10 and RM50 notes at selected locations beginning from Saturday (22 January) until Tuesday, 1 February 2022. For every selected location where the new notes are available, only one denomination can be withdrawn from the ATM.

Can I exchange notes at any bank?

The RBI ruling says that such notes can be exchanged by visiting any bank. The RBI also mentioned that no bank can refuse to exchange notes. According to central bank guidelines, if the bank refuses to do so, action will be taken against the same.

What Colour is a 50 pound note?

See-through windows. The foil is gold and green on the front and silver on the back. Within the two gold foil squares, the image changes between '50' and a '£' symbol when the note is tilted.