The Bank of England must give up to six months` notice when an old bank is abandoned as a means of payment. This gives the public a reasonable amount of time to spend their old note before it expires. However, you can exchange your old notes for new notes at any time before or after 30 September at the Bank of England. The £20 and £50 paper notes will be phased out after the introduction of plastic banknotes. The post office can also accept old paper bills as a deposit into any bank account that you can access at the post office. The Bank of England can deposit the money into a bank account, by cheque or (if you live in the UK and the amount is less than £50) into new banknotes. Paper tickets are currently still valid and can therefore be issued in shops or other places to accept cash. If you have 20 or 50 pound paper tickets, we recommend that you take them before the 30th minute. J.A. September 2022 or deposited with your bank or post office. However, you can exchange your old notes for new notes at any time before or after 30 September at the Bank of England. You can still receive paper notes from companies or others until September 30, 2022.

Paper issues of the £5 note were no longer a valid offer in May 2017, while the £10 note was withdrawn in March 2018. So what`s the last day you can spend your money, and what if you find one after the deadline? 257 million £5.1 billion banknotes (as of 9 September 2022) and 118 million £50 billion notes (as of 9 September 2022) are still in circulation. Many banks and some post offices accept old £20 notes as a deposit into a bank account. After this date, many UK banks will accept withdrawn notes as customer deposits. Some post offices may also accept withdrawn banknotes as a deposit into a bank account that you can access with them. After September 30, only our polymer banknotes will be legal tender. The GBP 20 and GBP 50 notes will cease to be legal tender after 30 September 2022. However, the Bank of England warns that people “should be aware that banknotes are sent at their own risk” and encourages people to “take appropriate measures to insure themselves against loss or theft”. Read your pockets, wallets and the back of your sofa for your old £20 bills. All polymer banknotes bearing a portrait of Her Majesty Queen Elizabeth II. Keep legal tender and the public can continue to use them as usual. A further announcement regarding the Bank of England`s existing banknotes will be made once the time of royal mourning has been observed.

You can use the £20 print editions until 30 September 2022. In March, Sarah John, chief cashier at the Bank of England, said: “In recent years we have replaced our paper banknotes with polymer because these designs are harder to counterfeit and at the same time more durable.” Polymer banknotes have different security features. Find out how to check all our tickets Yes, old £20 notes are still legal tender. And you can still use those paper notes to make purchases for now. The old £20 notes will remain valid until the expiry date set by the Bank of England in September 2022. After Friday, people will still be able to deposit paper notes at their post office, and many UK banks will also accept banknotes as customer deposits. The Bank of England will always exchange old paper notes so that people who missed the deadline are not out of their pockets. The £20 note was first introduced in 2007 and featured a portrait of Adam Smith, the Scottish economist and philosopher also known as the father of business and the father of capitalism. The Bank of England will continue to exchange all withdrawn notes, including paper notes that we have withdrawn in the past. To exchange old notes after the deadline, you can send them to the Bank of England. Tomorrow, these paper tickets will no longer be legal tender and will no longer be accepted in stores.

To send them by post, fill out a postal exchange form and send it with banknotes and photocopies of your identity card and proof of address. Tomorrow, these paper tickets will no longer be legal tender and they will not be accepted in stores. Although the majority of the £20 and £50 paper banknotes in circulation have been replaced by new polymer versions, there are still more than £5 billion of £20 worth of paper notes in circulation with economist Adam Smith and nearly £6 billion of £50 notes with engineers Boulton and Watt. That`s more than 250 million individual £20 banknotes and over 110 million £50 notes. Footnote [1] It is important to know when the old £20 notes expire, as the Bank of England`s disbursement date falls this year. No, you don`t need to swap your old design notes for new ones. All United States The currency is legal tender regardless of the date it was issued. The Bank of England can deposit the money into a bank account, by cheque or (if you live in the UK and the amount is less than £50) into new banknotes. We will withdraw legal tender status from our £20 and £50 paper notes after 30 September 2022. Today (Friday 30 September 2022) is the last day that the old £20 and £50 notes can be used. It came out with the old and with the new in 2022, with the old £20 note and the old expiry date of the £50 note (opens in a new tab) taking place in 2022. The Bank of England is withdrawing paper notes from circulation after the publication of the new £20 and £50 notes (opens in a new window) in 2020 and 2021.

This means that you have to spend or exchange them before the end date, otherwise you won`t be able to use them as legal tender. The Bank of England will always exchange all withdrawn notes, including banknotes that we have withdrawn in the past. If you are unable to meet this deadline, there is always a way to exchange your old £20 paper. If you miss the date of issue or deposit of a £20 paper, don`t worry, you won`t lose. Swiss Post accepts withdrawn banknotes as a deposit in any bank account. Go to your local branch to drop off the old £20 note. Among the differences from the new polymer note, there is a new holographic image that alternates between the words “Twenty” and “Pounds”.