When does the paper £20 note expire?

Last Update: April 20, 2022

This is a question our experts keep getting from time to time. Now, we have got the complete detailed explanation and answer for everyone, who is interested!

Asked by: Bethany Schiller
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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 After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.

How long can I use old 20 pound notes?

The old £20 notes will stay valid until the September 2022 expiry date given by the Bank of England. However, if you are unable to meet this deadline there is still a way you can trade in your old paper £20.

Can I change old 20 notes at the post office?

Anyone who misses the date for spending or depositing the old paper £20 note won't lose out. Even after the old £20 notes have been withdrawn from circulation, the Post Office will accept withdrawn notes as a deposit into any bank account. And you can always exchange withdrawn notes directly with the Bank of England.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 I change old 20 notes at the bank 2020?

Banks legally have to swap notes until they're taken out of circulation. After September 30, 2022, ask your bank or Post Office to swap paper notes for polymer versions or see if they'll allow you to deposit it into accounts.

Can you still use the old 20 notes 2021?

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.

When does the Paper £20 Note EXPIRE?

28 related questions found

Can we exchange old notes now?

At your bank

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 The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Can shops refuse to take old 20 notes?

A note from the Bank of England reads: "30 September 2022 will be the last day you can use Bank of England paper £20 and £50 notes. "After 30 September 2022, these paper notes will no longer be legal tender, so we encourage people to spend them or deposit them at their bank ahead of this date."

Can I still use an old ten pound note?

Banks don't legally have to accept old paper notes and coins once they've been withdrawn from circulation. However, some may continue to allow you to swap them while others may let you deposit old notes and coins into your account.

Are old ten pound notes worth anything?

The Bank says returns of old tenners are running at around £85m a week. ... But auctioneers say that most old bank notes are generally worth no more than their face value. An eBay auction of two uncirculated £10 notes from 1971, featuring a noticeably younger Queen Elizabeth, earned its seller £59.26.

How long can I use old 10 pound 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.

Can I still exchange old 10 pound notes 2019?

Paper £10 notes were withdrawn as a legal tender in March 2018 and paper £5 notes were scrapped way back in May 2017. ... These paper notes are no longer legal tender, meaning they can't be used to pay in shops, but the good news is you can still deposit them or exchange them for cash.

Are paper 20 notes still legal tender?

After 30 September 2022, they will no longer be legal tender

There is £24billion worth of old paper £20 and £50 notes still in circulation, according to new data from the Bank of England. This is made up of £9billion worth of £20 notes - approximately 450million notes, or eight for every adult in Britain.

Can old money be changed at the bank?

Currency that is still valid, but is simply worn, ripped, or in otherwise poor condition can be replaced at a bank. Deposit the money into any account, and the bank's relationship with their country's central bank and minting service will ensure that it is swapped for fresh currency.

Can I exchange old 500 notes now 2020?

The old currency notes of Rs 500 and Rs 1000 can now only be exchanged at the offices of the Central banks. ... A valid identity proof is required for the exchange of the old currency.

Are old 50 pound notes worth anything?

AA notes are the most valuable, but anything with an A in it could be worth more than the value of the note itself. For example, we've recently seen AA £50 notes on eBay go for £78. But other notes with early serial numbers have gone for much higher. Back in 2017, an AA01 £5 note sold on eBay for over £60,000.

Is older paper money worth anything?

Generally speaking, most modern-era Federal Reserve Notes (or paper currency made since the last silver certificates were issued in 1964) is worth very little over face value. For example, worn examples of old dollar bills from Series 1969, Series 1974, or Series 1977 are worth $1.50 to $3.

How do you know if old money is worth anything?

Multiply the weight of the coin by the percentage "fineness" of the coin (the percentage of the coin that is gold or silver). This will establish how much of the precious metal you have to sell. Multiply the result of the first calculation by the current price of the precious metal in the coin.

Can you exchange old 100 dollar bills?

US currency is always good, it does not expire. BUT if you show up with old bills the bank may not want to change them because old bills don't have the counterfit detection items on the bill. A major bank should be able to change them, but many new york banks only will do this for customers.

Are Scottish 20 notes going out of circulation?

Paper £20 notes can continue to be used as normal for now alongside the new plastic notes. The deadline for using your old paper £20 notes is September 30, 2022. You'll need to spend them by then, or deposit them in a bank account. ... The £50 note will be withdrawn on September 30, 2022 too.

Can you still use paper 20 notes in Northern Ireland?

Polymer banknotes in Northern Ireland

Ulster Bank and Bank of Ireland have issued new polymer £5, £10 and £20 notes. Danske Bank has issued polymer £10 and £20 banknotes. Banks will continue to exchange the old paper based notes. ... First Trust (AIB) banknotes will cease to be legal currency on 30 June 2022.

Are old 50 notes still legal?

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. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.

Can you exchange old 10 notes at the post office?

You could take your old notes to your local Post Office, as they may accept them as payment for goods or services. They may also allow you to deposit your money into a Post Office bank account if you have one.

Can you still use old 50 Notes 2021?

The Bank of England have confirmed that old £50 notes expire on Wednesday 30 September 2022. This will officially be the last day you can use your old £50 notes in shops, pubs and restaurants.

Do supermarkets take 50 notes?

'In England and Wales, legal tender is Royal Mint coins and Bank of England notes. ... If you hand over a £50 note to pay for a banana in your local grocery store, the staff are within their rights to choose not to accept it. 'Likewise for all other banknotes – it's a matter of discretion. '

Can I still use old Northern Bank notes?

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. We exchange for free these withdrawn Northern Bank banknotes free of charge.