By Chris King • Updated: 02 Aug 2022 • 20:23
Image of the Bank of England in London. Credit: Google maps - Ecaterina Cobzaru
The Bank of England has reminded everybody again today, Tuesday, August 2, that the deadline for spending the old paper £20 or £50 banknotes is fast approaching. After September 30, 2022, these notes will no longer be legal tender.
Old notes can be handed in at any UK bank or Post Office where they will be exchanged for the new polymer ones. You can also send them to the Bank of England in Threadneedle Street by post, but entirely at your own risk, they point out.
💷 Got an old £20 or £50 paper banknote in your wallet? You won’t be able to use it from the end of September. Here’s what you can do with your old notes pic.twitter.com/eZF9BcfC2R — Bloomberg Quicktake (@Quicktake) July 23, 2022
💷 Got an old £20 or £50 paper banknote in your wallet? You won’t be able to use it from the end of September.
Here’s what you can do with your old notes pic.twitter.com/eZF9BcfC2R
— Bloomberg Quicktake (@Quicktake) July 23, 2022
The new £20 notes will feature the famous painter, JMW Turner, and the £50 notes will feature World War 2 code-breaking genius, Alan Turing.
As explained on the Bank of England’s website, once the September 30 deadline has passed, you will no longer be able to use the old paper notes in shops, or use them to pay businesses.
Many UK banks will accept withdrawn notes as deposits from customers. Some Post Offices may also accept withdrawn notes as a deposit into any bank account you can access with them.
The Bank of England will always exchange any withdrawn notes, including paper notes that they have withdrawn in the past. For full information of exchanging old banknotes, you can visit the BOE website: https://www.bankofengland.co.uk/banknotes/exchanging-old-banknotes?sf166568468=1
___________________________________________________________
Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
Originally from Wales, Chris spent years on the Costa del Sol before moving to the Algarve where he is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at editorial@euroweeklynews.com
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.