WebJan 12, 2024 · CASH £20 and £50 notes are no longer legal tender – but fear not as you can still exchange them. The paper notes have not been valid since after September 30, 2024. However, you can still exc… WebSep 26, 2024 · According to the Bank, there are still more than £5bn worth of paper £20 featuring the economist Adam Smith in circulation, and nearly £6bn worth of £50 notes featuring the entrepreneur ...
Old £20 notes—will the Queen
One option is to take the old paper notes down to the Central Bank in person. There is currently no time limit when it comes to exchanging your old banknotes at the Bank of England. You may need an ID when exchanging … See more Different banks have their own rules in place covering how they will handle paper banknotes ‒ while some are happy to exchange them for new polymer notes, others are not so understanding. Banks that allow you to … See more You can deposit out-of-date banknotes – up to the value of £300 every two years – into your bank account at some local Post Offices. You will need to take photo ID so that the Post Office can keep track of how much you exchange … See more WebOct 26, 2024 · Old paper £20 notes expired on 30 September 2024. This means that cafes, bars, shops and restaurants will no longer accept the paper £20 note. This was the same date that the old £50 note expired. The Bank of England have to give up to six month's notice to when an old note will cease as tender, though the new £20 note was first … diaper genie with cloth diapers
One year left to spend your paper £20 and £50 banknotes
WebOct 12, 2024 · That means - at the time of writing - you have until at least April 2024 to spend them in shops. Even after then you can still exchange them for new £20 notes. With the expiry of the paper £5 ... WebThe Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2024, and we are encouraging anyone who has these at home to spend or deposit them at their bank or Post Office. There are approximately £9 billion worth of paper £20 and £15 billion worth of paper £50 notes still in circulation. WebJul 29, 2024 · More than £28bn in old fivers, tenners, £20 and even £50 notes have not been cashed in. The paper £10 and £5 banknotes are no longer legal tender - while paper £20 and £50 notes cannot be ... citibank online shell