What Bank of England notes are out of circulation?
News release. The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2022, and we are encouraging anyone who has these at home to spend or deposit them at their bank or Post Office.
Do UK bank notes expire?
The Bank of England has announced that the old notes will go out of circulation on 30 September 2022. This mean you will not 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.
How long is an old 20 note legal tender?
30 September 2022
Exchanging old notes 30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers.
What do I do with old bank notes UK?
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 The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.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 20 bank Northern notes still valid 2021?
All current Northern Bank branded banknotes will retain their face value as promissory notes. Our bank notes can be accepted across the UK as they are valid sterling notes.
Are 50 pound notes still in circulation?
We first issued our paper £50 note in 2011. It features the entrepreneur Matthew Boulton and the engineer James Watt. 30 September 2022 is the last day you can use our paper £20 and £50 notes.
Do banks still take old 20 notes?
Yes, old £20 notes ares still legal tender. The Bank of England have said that many banks will still accept the “withdrawn notes as deposits from customers” and so will the Post Office. You can also exchange the paper notes for the new polymer ones directly at the Bank of England based in London..
Can you still spend old 10 notes?
The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. However, old notes can still be exchanged at the Bank now that this point has passed. Although the new tenners came in last year until the deadline the paper money continued to be legal tender so could be spent freely.
Are 50 pound notes going out of circulation?
30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.
How much of a bank note can be missing?
The Bank will give “reasonable consideration” to claims where banknotes have been damaged accidentally. As a general rule there should be evidence of at least half a banknote before it can be reclaimed. The Bank of England released the new £5 in September last year.
When did Northern Bank notes go out of circulation?
The Belfast-based Northern Bank rebranded to Danske Bank in 2012. Older banknotes, issued by Northern Bank and Northern Bank Limited are taken out of circulation. These discontinued Pound Sterling bills are no longer accepted for exchange at banks and exchange offices outside Northern Ireland.
Are there any UK banknotes still in circulation?
Look out for notes that are out of circulation like ‘old £5 and £10 notes. Other banknotes no longer used in the UK include the £1 and the ten shilling (10/-), which ceased being legal tender after the UKs currency was decimalised in 1971. In January 2002, many EU member states switched their currency to the Euro.
What are the denominations of Bank of England notes?
The Bank of England banknotes. There are four denominations of banknotes in circulation: £5, £10, £20 and £50. All four denominations of notes are printed on polymer.
When does the Danske Bank £20 note go out of circulation?
Danske Bank has announced that it will begin to introduce a polymer £20 note into local circulation on 20 July 2020. Consumers can still use the existing paper £20 note, but these will be gradually phased out of circulation.
When do new Bank of England notes come out?
Our current £20 and £50 are printed on paper. Our next £20 note, to be issued in early 2020, will be made from polymer. We announced in October 2018 that we are going to issue a polymer £50 note, which we expect to enter circulation by the end of 2021. Current Bank of England banknotes.