What English 20 notes are out of circulation?
What English 20 notes are out of circulation?
30 September 2022
Old £20 notes will expire on Wednesday 30 September 2022. This is the same day as the old £50 note expiry date. And after September 2022, cafes, bars, shops and restaurants will no longer accept the paper £20 note. The Bank of England have to give up to six month’s notice to when an old bank will cease as legal tender.
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 Shops will stop accepting notes from the day they officially are withdrawn by the Bank of England.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.
Are 20 notes going out of circulation?
Paper £20 notes go out of circulation on September 30 2022. Until then, you can still use the old £20 notes as they are accepted as legal tender. Details on the site read: ‘On 20 February 2020 we issued a new polymer £20 note. ‘Many banks will accept withdrawn notes as deposits from customers.
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You can always exchange withdrawn notes with us by post.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.
Do banks still take old 20 notes?
Old £20 and £50 notes are still valid and can be used alongside new ones up to the date they are withdrawn from circulation by Bank of England. Both the old £50 and the old £20 notes will be withdrawn on the same day – but don’t worry, there’s still plenty of time to use or exchange old for new.
Can I swap old 20 notes at the bank?
Even after the old £20 notes have been withdrawn from circulation, the Post Office will accept withdrawn notes as a deposit into any bank account. And you can always exchange withdrawn notes directly with the Bank of England.
Can you exchange old notes 2020?
Exchanging old notes You need not visit the branch of the bank where you have an account in. If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days.
When did the old 20 go out of circulation?
The last day the old £20 note can be used is on 30 September 2022 – more than two years after the new polymer £20 note was first issued by the Bank of England.
Are paper 10 pounds still legal?
Bank of England paper £5 and £10 notes, which were issued in England and Wales (although they could still be spent elsewhere in the UK), are no longer legal tender having been replaced by polymer plastic versions in 2017 and 2018 respectively.
When did the 20 pound note go out of circulation?
The Bank of England started issuing these 20 British Pound banknotes in 1999. They were withdrawn from circulation in 2010. The banknote of twenty pounds features Elizabeth II and Sir Michael Faraday, English scientist. On the paper note a caption reads ‘Bank of England’. The backside of the violet colored £20 note shows Faraday with students.
How big are Bank of England 20 pound notes?
Additional information Location United Kingdom Currency British Pounds Series withdrawn Bank of England banknotes Tender banknotes Dimensions 149 × 80 mm
How many Bank of England notes are in circulation?
There are four denominations (values) of Bank of England notes in circulation: £5, £10, £20 and £50. Click on the images below to find out how to check the features on each of our notes: £5 Issued on 13 September 2016 and features Sir Winston Churchill. £10 Issued on 14 September 2017 and features Jane Austen. Paper £20
When do old £20 notes have to be exchanged?
It’s likely to be some time in 2020, and the Bank of England will give six months’ notice of the date you’ll no longer be able to use them. After the deadline date, you will probably be able to get your old £20 notes exchanged at your bank or Post Office.
