Quick Answer: How Long Can I Use Old 20 Pound Notes?

Are old 50 notes still accepted?

Exchanging old notes You will be able to use the paper £50 note until we withdraw it from circulation.

We will announce the withdrawal date after we have issued our new polymer £50 note.

Many banks will accept withdrawn notes as deposits from customers.

And, you can always exchange withdrawn notes with us..

What does a Scottish 20 note look like?

The £20 note is currently the third largest denomination of banknote issued by The Royal Bank of Scotland. The 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.

Can you still use paper 10 notes in Scotland?

Royal Bank of Scotland, Clydesdale and Bank of Scotland have also agreed that they will exchange their own paper £5 and £10 notes from non-customers up to the value of £250. Other banks, building societies and The Post Office may continue to accept and exchange Scottish paper notes after the March 1.

Are old 10 pound notes worth anything?

What about old £10 notes? … But “genuine Bank of England banknotes which have been withdrawn from circulation will retain their face value ‘for all time’ and can be exchanged at the Bank of England”, says the London Evening Standard.

How long do you have to get rid of the old 20 pound notes?

When do the old £20 notes expire? Paper £20 notes can continue to be used as normal for now, as an end date for their use is yet to be announced. According to the Bank of England, it plans to give six months’ notice before the paper £20 is taken out of use.

Can we exchange old notes now?

You can always exchange withdrawn notes with us by post. … Send it with your banknote(s) and photocopies of ID (one photo ID and one proof of address) for any exchange (mandatory for any exchange of £700 or more) to Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH.

Where can I change old 20lb notes?

According to the Bank of England, the quickest way to exchange your £20 is to deposit them at the bank. You can also exchange withdrawn currency by post with the bank.

Where can I change old bank notes?

Many banks will still accept old notes as deposits from customers. The Post Office may also accept them as a deposit into bank accounts you can access at the Post Office.

Do banks take old 20 pound notes?

Yes, you can still use the old £20 notes as they are accepted as legal tender. Since the Bank of England are yet to confirm when the old £20 notes expire, people will be given six months’ notice of its withdrawal.

What can I do with old 20 notes?

The Bank said it will give six-months notice before the notes are no longer accepted as cash. At this point, that means spenders have at least until April to make use of the cash. Even then, you can still exchange them for a new £20. The best way to guarantee a swap is to head to the Bank of England itself.

Are 20 notes going out of circulation?

The Bank of England is yet to set a date for when the old £20 notes will no longer be valid, meaning you can still use them freely for now. … After this date you will no longer be able to use the notes in shops, but you will be able to exchange them for new notes.

Where can I exchange 5lb notes?

The only place you can now exchange your paper notes for crisp polymer notes is at The Bank of England. Banks, building societies and Post Offices no longer accept the paper note even for exchanges, so you will have to physically go down to the BoE if you want to get your hands on fresh plastic notes.

The Bank of England has said that unspent paper £20 notes are still legal tender. “Don’t worry, you can still use the paper £20 note for now,” the Bank of England’s site reads. The better news is there’s no rush to spend them – with the Bank promising a 6-months notice before they are withdrawn.

Do banks still take old 10 Notes 2020?

While the paper £5 and £10 notes are no longer legal tender, they will always be accepted by the Bank of England. … The spokeswoman added: “All genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time and can still be exchanged over the counter.

Can you still use paper 20 notes in Scotland?

It has said it will give people six months’ notice to use the notes once it makes the announcement. After this date you will no longer be able to use the notes in shops, but you will be able to exchange them for new notes.

Can old bank notes be exchanged?

The Bank of England is flexible when it comes to accepting old notes, and you should have no trouble exchanging old notes and coins with your bank or Post Office. But if your business runs on physical currency, you might worry that currency changes will affect your cashflow.

What is on the new 20 note?

The note features a self-portrait of the artist JMW Turner painted c1799 and which can be seen at Tate Britain where much of Turner’s work is on display. … There is also an image of the Turner Contemporary gallery and of Margate Lighthouse.

Can I use a Scottish 20 note in England?

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