But some people may be lucky enough to find an old ticket lying around and wonder, “Can I still use it?” Cash notes of £20 and £50 are no longer legal tender after 30 September 2022. Paper notes have been replaced by new polymer notes: the £20 note includes JMW Turner and the £50 alan Turing note. The Bank of England said: “Banknotes are resistant to dirt and moisture and therefore stay in better condition longer. These notes also have touch functions that allow blind and visually impaired people to use them. “The old 20 and 50 pound notes will be superfluous from 30 September to crack down on counterfeit money. Paper notes of £20 and £50 will be phased out after the introduction of plastic banknotes. Details of the money still in circulation or hidden in the houses were revealed in a BBC Wales access to information request. If you have old legal tender, such as a £5 or £10 paper note, you can exchange or deposit it using this method. It came out with the old and with the new one in 2022, with the old expiry date of the £20 note and the old £50 note (opening in the 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 tab) in 2020 and 2021.

This means that you have to spend them before the end date or exchange the tickets, otherwise you will not be able to use them as legal tender. Swiss Post is preparing for a rush of “last-minute” customers dropping off £20 and £50 paper notes this week before they can no longer be used in stores or to pay businesses. After this date, 20 and 50 pound notes are no longer legal tender. Therefore, we encourage anyone who still has them to use them or deposit them with their bank or post office within the last 100 days. All Bank of England polymer banknotes can be used as legal tender in the UK after 30 September. The 20 and 50 pound notes will be withdrawn from circulation on Wednesday, September 30, 2022. The 5- and 10-pound notes have already been completely replaced, with the paper notes in these denominations being withdrawn in 2017 and 2018, respectively. Until then, you can still use the old £20 notes as they are accepted as legal tender. The postmaster and his staff are available to give you human peace of mind that your old notes have been deposited into your bank account and will also present a receipt. Most post offices have been open for a long time, including on Fridays.â The £20 newspaper will remain legal tender until 30 September 2022.

30 September 2022 is the last day you can use our paper tickets worth £20 and £50. If you want to exchange old banknotes, you can find more information on the Bank of England website. In March, the Bank of England`s Chief Treasurer, Sarah John, said: “In recent years we have moved our banknotes from paper to polymer because these designs are harder to counterfeit and at the same time more durable.” Tomorrow, these paper tickets will no longer be legal tender and will no longer be accepted in stores. More than £19 billion worth of banknotes are still in use, but from October they will no longer be accepted as a means of payment. If you can`t meet this deadline, there`s always a way to exchange your old £20 paper. While the majority of the £20 and £50 paper notes in circulation have been replaced by new polymer versions, there are still more than £6 billion of paper notes in circulation, £20 billion with economist Adam Smith and more than £8 billion of paper notes with engineers Boulton and Watt. That`s more than 300 million individual £20 notes and 160 million 50-pound paper notes. Footnote [1] Yes, old 20-pound 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 specified by the Bank of England in September 2022. The Bank of England will continue to exchange the old banknotes for their face value, but people are warned to use the 775 million paper notes before September 30, 2022.

Swiss Post accepts withdrawn banknotes as a deposit to any bank account. Head to your local branch to drop off the old £20 note. Many banks and some post offices accept the old £20 notes as a deposit into a bank account. A Bank of England spokesman had previously told The Sun: “Polymer banknotes are stronger than paper notes and last longer in normal daily use. Download our free training material to check your banknotes. 314 million £20 worth of paper banknotes worth £6.3 billion (as of 27/05/2022) and £163 million worth £8.2 billion worth of paper 50 (as of 10/06/2022) remain in circulation Martin Kearsley, Director of Post Bank, said: “We are fully aware that people lead full lives and that some may postpone the deposit of their £20 and £50 bills until the last moment. The old £20 notes expire on September 30. September 2022. After this date, cafes, bars, shops and restaurants will no longer accept the £20 paper bill. This is precisely the same day as the old expiry date of the £50 note. 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”.

So far this month, more than £100 million has been deposited at Swiss Post offices. The Bank of England will revoke the legal tender status of the £20 and £50 notes after 30 September 2022. After Friday, people will still be able to drop off paper notes at their post office, and many UK banks will also accept banknotes as deposits from customers. It is important to know when the old £20 notes expire, as the Bank of England`s payment date is this year. Many banks accept withdrawn notes as customer deposits. Swiss Post can also accept withdrawn banknotes as a deposit to any bank account that you can access at the post office. And you can exchange withdrawn tickets with us at any time. Focus on these two most important security features to confirm that your notes are genuine: the 20-pound polymer notes that came into circulation in February 2020 replaced the old paper notes, prompting many to wonder when the old currency will expire.

You can also exchange paper notes for new polymer notes at face value directly at the London-based Bank of England. 105 million pounds of old one-pound coins are also in circulation, five years after losing their tender status, according to the Royal Mint. Banknotes are hailed by the Bank of England as “the safest banknote to date” thanks to their plastic material and are used by most people today. Britain`s £50 notes have also undergone a plastic transformation. However, you can exchange your old banknotes for new notes at the Bank of England at any time before or after 30 September. The old £20 and £50 notes will expire in September 2022 The Bank of England has said (will open in a new tab) that many banks will still accept “withdrawn notes as customer deposits”, just like the post office. You can also exchange paper notes for the new polymer notes directly at the London-based Bank of England. To exchange old banknotes after the deadline, you can mail them to the Bank of England. The Bank of England must announce up to six months in advance when an old bank will go bankrupt as a tender.

This gives the audience enough time to pass their old note before it expires. It`s also been exactly a year since we issued the 50-pound polymer note with scientist Alan Turing on his 109th birthday. The £50 Turing completed our family of polymer banknotes, with all denominations (£5, £10, £20 and £50) now printed on polymer. Damn your pockets, purses and the back of your couch for your old £20 bills. “Many banks accept withdrawn notes as customer deposits. 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 worth less than £50) in new banknotes. And you can exchange withdrawn tickets with us at any time. To avoid having old and invalid notes in your wallet, issue them or deposit the notes into your bank account. Many of these paper notes have now been returned to us and replaced by the £20 polymer with artist J.M.W.

Turner and the £50 polymer with scientist Alan Turing. However, if the public still has one of these paper notes in their possession, they should deposit or issue it for as long as they can. “.