What should I do with old 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.
You can also exchange withdrawn notes with The Bank of England.
Again, many charities will accept old banknotes as donations..
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 Shops will stop accepting notes from the day they officially are withdrawn by the Bank of England.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.
Where can I exchange old 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 The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.
What does a fake 50 note look like?
When checking for fake £50 notes, check the quality of the paper and the ink. You’re looking for clean lines, no blurring and raised letters. Holding the note up to the light should reveal a bright “£50” watermark. The hologram, known as the motion thread, should flip between “£” and “50”.
Where can I exchange 5lb notes?
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.
Can shops refuse 50 notes?
The quick answer is yes, they can refuse to accept the notes. … “In England and Wales, legal tender is Royal Mint coins and Bank of England notes.” “In Scotland and Northern Ireland only Royal Mint coins are legal tender.” “Throughout the UK, there are some restrictions when using the lower value coins as legal tender.”
Can old notes be exchanged now?
After 30th December 2016, Rs 500 and Rs 1,000 notes will be accepted till 31st March 2017 in several RBI branches after taking declaration from RBI. … On international airports, old currency notes of up to Rs 5,000 can be exchanged for the next 72 hours.
Do banks accept old bank notes?
Exchanging old banknotes Many banks accept withdrawn notes as deposits from customers. The Post Office will also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.
Are 50 pounds old notes still valid?
We will issue our new polymer £50 note featuring Alan Turing on 23 June 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 use old 20 Notes Scotland?
All existing paper Bank of Scotland £20 notes will now be gradually withdrawn, but any in circulation will continue to be accepted at shops, banks and cash payment machines. Unlike English banknotes, Scottish notes are produced by three different banks: Bank of Scotland, Royal Bank of Scotland and Clydesdale Bank.
Are Scottish 20 notes going out of circulation?
When does the old £20 note expire and can I still use it? NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now. The plastic version, which features British painter JMW Turner, is designed to be more durable than the paper design and less susceptible to fraud.
Can I change old 20 notes at the bank?
When do the old £20 notes expire? … 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. Some banks and the Post Office may also accept them if you wish to deposit them into your bank account.
Where can I exchange my old 20 notes?
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.
Do shops still take old 20 notes?
Can you still use old £20 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.