ANYONE with £20 paper notes has only a few days left to spend them. Friday is the last day Old-fashioned bank notes of the Bank of England will be legal tender after being replaced by polymer versions Keep the note in the light. Check if there is a glossy “£20” or “£50” at the top of the Queen`s portrait. The old £20 notes expire on 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. We will revoke the status of our £20 and £50 banknotes 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 Paper notes have been replaced by new polymer notes: the £20 note includes JMW Turner and the £50 alan Turing note. After September 30, 2022, you will no longer be able to use paper tickets. However, the following options remain available: This is the last week that our paper tickets can still be used.
Cash notes of £20 and £50 are no longer legal tender after 30 September 2022. The Bank of England will still exchange all withdrawn notes, including paper notes that we have withdrawn in the past. The new 20-pound plastic and polymer notes feature an iconic new image as well as improved security features to prevent fraudulent activity. It has already been called “the safest banknote to date” because the new security features include a hologram and a transparent window – two features that are almost impossible to copy accurately. The Bank of England will always exchange the old paper notes so that people who missed the deadline are not left out of their pockets. Paper editions of the £5 note were no longer valid from May 2017, while the £10 note was withdrawn in March 2018. Among the differences with the new polymer note, there is a new hologram image that switches between the words “Twenty” and “Books”. There is also a small transparent window in the lower corner of the note. There is also a portrait of the Queen (opens in a new tab) printed on the window and printed “£20 Bank of England” on the edge. Paper tickets are currently still valid and can therefore be issued in stores or other places to accept cash.
Yes, old £20 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. However, they are still allowed to deposit old banknotes at the Bank of England or into their accounts at a post office. Many banks should still allow customers to exchange old banknotes after they are no longer legal tender. Once the deadline of 30 September 2022 has passed, you will no longer be able to use Bank of England paper notes in stores or use them to pay businesses. If you miss the date of issue or deposit of a £20 paper, don`t worry, you won`t lose. All polymer banknotes bearing a portrait of Queen Elizabeth II are still legal tender and the public can continue to use them as usual. Another announcement regarding the bank of England`s existing banknotes will be made once the time of royal mourning has been reached.
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”. Long queues are expected at post offices across the country, where £1.2 billion worth of old paper notes have been deposited since January. The Director of Postal Administration, Martin Kearsley, said most of the UK`s 11,500 branches have been open for a long time and staff are available to assist with the process. Paper notes of £20 and £50 will be phased out after the introduction of plastic banknotes. “We are fully aware that people are living busy lives and that some may postpone the deposit of their £20 and £50 bills until the last moment,” he said. “The postmaster and his staff are available to give human peace of mind that your old notes have been deposited into your bank account and will also present a receipt.” And there`s still nearly £6 billion worth of paper banknotes featuring engineers Boulton and Watt. This means that there are more than 250 million individual 20-pound notes and more than 110 million 50-pound paper notes. Damn your pockets, purses and the back of your couch for your old £20 bills.
The Bank of England is removing the legal tender status of old paper notes after September 30, which means that from tomorrow people will no longer be able to use them in stores if it is not enough information, here`s everything you need to know about the 20-pound polymer note. The 20-pound polymer note features artist JMW Turner and the 50-pound polymer note shows Bletchley Park codebreaker Alan Turing. Martin Kearsley, Director of Post Bank, said: “We are fully aware that people are living busy lives and that some may postpone the deposit of their £20 and £50 notes until the last moment. Tomorrow, these paper tickets will no longer be legal tender and will no longer be accepted in stores. 257 million paper notes worth £5.1 billion (as of 9 September 2022) and 118 million 50 pounds of paper worth £5.9 billion (as of 9 September 2022) are still in circulation. Many banks and some post offices accept the old £20 notes as a deposit into a bank account. To exchange old banknotes after the deadline, you can mail them to the Bank of England. Swiss Post accepts withdrawn banknotes as a deposit to any bank account. Head to your local branch to drop off the old £20 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.
“Today (Friday 30 September 2022) is the last day when the old £20 and £50 paper banknotes will be used. After September 30, only our polymer bonds will be legal tender. If you have old legal tender, such as a £5 or £10 paper note, you can exchange or deposit it using this method. To avoid having old and invalid notes in your wallet, issue them or deposit the notes into your 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. The 20-pound polymer note entered circulation on February 20, 2020. Polymer notes have different safety features. Find out how to check all our banknotes It is important to know when the old £20 banknotes expire as the Bank of England`s payment date is this year. 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. If you can`t meet this deadline, there`s always a way to exchange your old £20 paper. If you have paper notes of 20 or 50 pounds, we recommend that you use them before September 30, 2022 or deposit them with your bank or post office.
You can use the paper editions of £20 until 30 September 2022. 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. 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.” 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. Although the majority of the £20 and £50 paper notes in circulation have been replaced by new polymer versions, there are still more than £5 billion of paper notes in circulation, £20 billion with economist Adam Smith and nearly £6 billion of paper notes with engineers Boulton and Watt. This represents more than 250 million individual 20-pound notes and more than 110 million 50-pound paper notes. Footnote [1] When paper notes are returned to the Bank of England, they are replaced by the new 20-pound polymer notes with JMW Turner and the 50-pound polymer notes with Alan Turing. However, you can exchange your old banknotes for new notes at the Bank of England at any time before or after 30 September. To send them by mail, fill out an exchange form and send it with the tickets and photocopies of your identity card and proof of address. The Bank of England has stated (will be opened 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. After this date, many UK banks accept withdrawn banknotes as customer deposits.
Some post offices may also accept withdrawn tickets as a deposit to any bank account you can access with them. Economist Adam Smith appears on the original £20 note. While the new polymer note shows artist JMW Turner. The Romantic artist`s self-portrait was painted in 1799 and is on display at the Tate Britain in London. The new 20-pound note is slightly smaller than the paper edition and features British painter JMW Turner. 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.