Question: Where Can I Change Old 20lb Notes?

How long can you use old 20 pound notes?

When do the old £20 notes expire.

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.

It has said it will give people six months’ notice to use the notes once it makes the announcement..

What is on the new 20 note?

The current polymer note, first issued on 20 February 2020, bears the image of Queen Elizabeth II on the obverse and the image of painter J. M. W. Turner on the reverse.

Can I change old 20 pound notes at the post office?

Even after the old £20 notes have been withdrawn from circulation, many banks will still accept them as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account. And you can always exchange withdrawn notes directly with the Bank of England.

Where can I change my old bank notes?

HERE’s which banks allow customers to deposit old paper notes into their accounts at the Post Office:Allied Irish Bank (GB)Bank of Ireland.Bank of Scotland.Barclays.Cahoot.Cashplus.Clydesdale Bank.Co-op Bank.More items…•

How long do you have to change the old 20 notes?

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 we exchange old notes now?

But old bank notes retain their value for all time, so while you can no longer spend them on the high street, you can return them to the Bank of England, or most major banks if you’re a customer, and get a new polymer banknote in exchange.

Are 20 notes going out of circulation?

On 20 February 2020 we issued a new polymer £20 note. You will still be able to use the paper £20 note until we withdraw it from circulation. We will announce the withdrawal date after we have issued our new polymer £20 note. … Many banks will accept withdrawn notes as deposits from customers.

Who is on the new 20 pound note?

JMW TurnerWe first issued our polymer £20 note on 20 February 2020. It features the artist JMW Turner.

Can I change old 20 notes at the bank?

Even after the notes stop being legal tender, banknotes officially hold their face value “for all time”. So if you do find a paper £20 note stuffed down the back of the sofa after they’re withdrawn, you’ll be able to exchange it with the Bank of England in London, in person or by post (at your own risk).

How do I get rid of my old 20 pound notes?

The easiest way to get rid of the paper notes is to spend it in a shop or to deposit it at a local bank or building society. Shops will stop accepting notes from the day they officially are withdrawn by the Bank of England. However, banks usually allow customers to deposit old notes for some time after that date.

Will there be a new 50 pound note?

We will issue our new polymer £50 note featuring Alan Turing in 2021. 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.

Can you still change 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. 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. … Banknotes can also be exchanged by post.”

Does NatWest still accept old 10?

The Bank of Scotland, Barclays, Halifax, HSBC, Lloyds, Nationwide, NatWest, RBS and Santander have all confirmed to us that they will accept deposits of the old £10 note from their own customers after 1 March. … You can either deposit it or opt to exchange it, in which case you can exchange a maximum of £250.

Where can I change old 50 notes?

Any old notes that no longer have legal tender status can be exchanged at the Bank of England itself at any time. There are approximately 224 million £50 notes in circulation, of which an estimated 63 million are Houblon notes.

Does the post office change old notes?

If you want to swap the old notes over for new tender you will have to make the trip to a bank, building society or Post Office. You will need to be an account holder with the bank for them to exchange the note. You can use your local Post Office to deposit the old tenners into your bank account too.

Can you change notes at the post office?

A Post Office spokesperson, said: “Post Offices are not required to change notes for coins to customers, however, branches can do so at their own discretion. “A branch may be reluctant to provide change as they want to ensure they have enough for their own tills. It is also a measure to help prevent money laundering.

Who is on the 10 pound note?

Jane AustenWe first issued our current £10 note in 2017. It features the author Jane Austen.