Can I cash in old 50 pound notes?

Can I cash in old 50 pound notes?

The Post Office may also accept withdrawn notes as a deposit into any bank account. And you can always exchange withdrawn notes with the Bank of England directly, so you shouldn’t ever lose money. You can exchange your old notes with the cashier in person at the central bank located on Threadneedle Street in London.

How do I exchange old 50 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 The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Are old 20pound notes legal?

Old £20 and £50 notes are still valid and can be used alongside new ones up to the date they are withdrawn from circulation by Bank of England. Both the old £50 and the old £20 notes will be withdrawn on the same day – but don’t worry, there’s still plenty of time to use or exchange old for new.

What do 50 notes look like?

Under a good quality ultra-violet light, the number ’50’ appears in bright red and green on the front of the note, against a duller background. You can see bright red and green flecks on both the front and back of the note. The motion thread also appears bright green.

Are 50 euro notes going out of circulation?

In May 2021, there were 13,073,376,523 €50 banknotes in circulation around the Eurozone. The first series of notes were issued in conjunction with those for a few weeks in the series ‘Europe’ until existing stocks are exhausted, then gradually withdrawn from circulation.

Can you still take old ten pounds to the bank?

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.”

What does 50 euros look like?

The fifty euro note is the fourth smallest note, measuring 140 millimetres (5.5 in) × 77 millimetres (3.0 in), with an orange colour scheme. Each euro banknote depicts bridges and arches/doorways in a different historical European style; the €50 note shows the Renaissance era (15th and 16th centuries).

When is the Bank of England withdrawing the £50 note?

Anyone with a £50 note should check now if it’s an old edition, as you won’t be able to spend it from 1 May. The Bank of England is withdrawing all £50 notes featuring Sir John Houblon on 30 April.

Is the paper £50 note still in circulation?

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.

Is the £50 note still legal tender UK?

For the £50 note, we will ensure there are sufficient Boulton and Watt notes printed to meet demand. “The Bank’s ‘promise to pay’ is valid for all time and members of the public may obtain face value at the Bank for all notes issued by the Bank whose legal tender status has been withdrawn.”

When do Houblon £50 notes go out of circulation?

From May 2014 onwards, shops across the UK are unlikely to accept the old notes as payment and most UK banks will only exchange Houblon £50 notes for members of the public until 30 October 2014. Here is some advice from the Bank of England on what to do with your Houblon £50 notes: