Do British pounds expire?

It features the economist Adam Smith. 30 September 2022 is the last day you can use our paper £20 and £50 notes.

Are old British Pounds still good?

Almost £19bn in old banknotes are still being used, six months before paper £20 and £50 notes stop being legal tender. Paper £10 and £5 banknotes have already been withdrawn, while paper £20 and £50 notes cannot be used after 30 September 2022.

Can I still use old 20 pound notes?

All old paper banknotes can be exchanged by the Bank of England at any time.

Can you still exchange old money UK?

There is no time limit when it comes to exchanging old banknotes through the Bank of England. You can do this in person if you go along between 9.30am – 3pm on weekdays (if you happen to be in London) or you can send your notes to the bank (opens in new tab).

How long can I use old 10 pound notes?

The last day you'll be able to use them is 30 September 2022. After that date, they'll no longer be classed as legal tender. So, the Bank of England is trying to encourage people to either spend them or deposit them at their bank in advance.

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

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Banks don't legally have to accept old paper notes and coins once they've been withdrawn from circulation.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

Can you still use old 10 notes 2022?

Paper £10 and £5 banknotes have already been withdrawn, while paper £20 and £50 notes cannot be used after 30 September 2022. They have been replaced with new plastic notes with a series of security features. However, the Bank of England said it will continue to swap old notes for their face value.

Can you still exchange old pound coins 2021?

Customers can still exchange old coins and notes. Small amounts can be exchanged without going through a customer's account, while larger amounts will need to be deposited into the account. Coins must be bagged up and must not be damaged or corroded.

Is 50 pound note still valid?

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 Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And, you can always exchange withdrawn notes with us.

Can I exchange old 500 notes now 2022?

The old currency notes of Rs 500 and Rs 1000 can now only be exchanged at the offices of the Central banks.

How long can I use my old 20 pound notes?

Exchanging old notes

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.

Is 20 and 50 pound note still valid?

News release. 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.

What UK notes are going out of circulation?

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. The last day they will have legal tender status is 30 September.

What should I do with old British pounds?

Obsolete Bank of England banknotes can only be exchanged at the Bank of England, Threadneedle Street, London. The nearest London Underground station is Bank on the Central and Northern Line. Opening hours are 9:30am until 3:00pm, Monday to Friday excluding Bank holidays. Notes can be exchanged while you wait.

Can you still take old pound coins to the Bank 2022?

They will remain usable for another year. From 1 October 2022 you'll be able to deposit them or swap them in the same way you can now for fivers and tenners.

What do I do with old British pound notes?

At your bank

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.

How long can I use old 50 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.

Is there a 100 pound note in England?

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.

Can a shop refuse to accept 50 notes?

The quick answer is yes, they can refuse to accept the notes. And not that are not legal tender, but the definition of the term can be interpreted differently. On the Bank of England's web site they state, “What is classed as legal tender varies throughout the UK.”

Can I still use old 1 pound coins?

The old £1 coin launched in 1983, replacing the old £1 banknote, and went out of circulation in October 2017. It has been replaced by a thinner, lighter 12-sided coin. The old round coins are no longer legal tender, and shops, restaurants and other retailers aren't accepting them.

Do banks still take old 1 coins?

Unlike bank notes, UK coins are produced by the Royal Mint, who take no responsibility for coins that are no longer in circulation. However, most banks have said that they will accept old pound coins indefinitely, though you will need to be a customer of that particular bank.

Can you change old pound coins at post office?

Following the end of legal tender status, the old £1 coin cannot be accepted as payment for goods and services. Though we cannot exchange old £1 coins for new ones, customers can continue to deposit them into any of their usual high street bank accounts through any Post Office, even after 15 October until further ...

Are old notes still accepted?

Banks legally have to swap notes until they're taken out of circulation. After September 30, 2022, ask your bank or Post Office to swap paper notes for polymer versions or see if they'll allow you to deposit it into accounts.

What do you do with old money?

Currency that is still valid, but is simply worn, ripped, or in otherwise poor condition can be replaced at a bank. Deposit the money into any account, and the bank's relationship with their country's central bank and minting service will ensure that it is swapped for fresh currency.

Which pound notes are out of circulation?