By post: You can also post your old notes to the Bank, but note that this is done at your own risk and you may want to insure yourself against loss before sending banknotes in the post. But banks don't legally have to keep accepting old money, so it's worth checking with yours before you head to a branch. The Bank of England is a 'prescribed person;, which means that you can make a whistleblowing disclosure about the Scottish and Northern Ireland banknote regime to us instead of your employer. more. There is no time limit. Withdrawn coin denominations from before the decimalisation of the UKs currency system sell for much greater values than their equivalent worth in pounds, especially if youre lucky enough to have them in good condition. The Bank of England will honour every banknote that has ever been issued by them, regardless of how long ago it ceased to be legal tender. Luckily though banks will still accept these coins so you are not out of luck if you happen to own one of over an estimated 100 million old pound coins still out there. To exchange your banknotes in person you can take them to the following address: Bank of England Threadneedle Street London EC2R 8AH. Old pound coins are no longer legal tender. Report inappropriate content . You can find full details on the Bank of England website here. Keep in mind that it may not be in your best interest to send large amounts of money via post. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. Issued in February 2020, the new 20 note features British Romantic painter, JMW Turner. For example, Iceland has said it will keep accepting paper tenners until Easter Monday (April 2). You will need to complete this form and provide a copy of some photo ID. We use the Halifax/BOS. These often have notices saying whether they accept old coins and notes and are an easy way to get rid of any small quantities you have lying around. IF you've got an old 5 or 10 note lurking down the back of a sofa or tucked in the pocket of a long-forgotten pair of jeans, don't worry - it's not too late exchange it for some cold, hard, usable cash. Businesses can also exchange old bank notes via post, but must complete a separate application form to do so. Maybe. The transfer of funds can take up to 10 working days. Cats, cheese and travel areSues passions away from her desk! If your bank wont accept your old currency, its worth taking them to your local Post Office branch. Customers of Lloyds Banking Group, which covers Bank of Scotland, Halifax, and Lloyds, can deposit old notes worth more than 20. Unique serial numbers are the easiest to find with collectors particularly favouring lower serial numbers or those with sequences such as 888888. If you have any other questions you would like to see featured then please let us know. You cant spend old paper 20 and 50 in the shops any more but you can exchange them at some banks. Lloyds says customers can exchange or deposit 20 and 50 paper Bank of England or Bank of Scotland bank notes into Lloyds Bank, Halifax or Bank of Scotland accounts. Debit cards, cheques and contactless aren't legal tender anywhere. Most UK banks will allow you to pay in old paper bank notes however this is at their discretion as they will usually insist you have an account there. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. Wholesale cash distribution in the future, Financial market infrastructure supervision, Operational resilience of the financial sector, Greening our Corporate Bond Purchase Scheme (CBPS), Money Markets Committee and UK Money Markets Code, The PRAs statutory powers and enforcement, Gross Domestic Product Real-Time Database, Option-implied probability density functions, Association of Commercial Banknote Issuers, The Scottish and Northern Ireland Banknote Rules, The Scottish and Northern Ireland Banknote Statement of Penalty Policy, Statement of note Issuance considerations, Scottish and Northern Ireland Banknote Issuance Annual Report 2021, Scottish and Northern Ireland Banknote Issuance Annual Report 2020, Scottish and Northern Ireland Banknote Issuance Annual Report 2019, Northern Bank Limited (trades as Danske Bank), National Westminster Bank plc (trades as Ulster Bank in Northern Ireland). Barclays says you can deposit old notes if you have a UK bank account with it. you should try the halifax app for the next one, you get cleared funds the next day The app for paying in cheques only works if the cheque is drawn on a bank that also uses the updated cheque clearing system. Yes, you can. Lloyds says customers can exchange or deposit 20 and 50 paper Bank of England or Bank of Scotland bank notes into Lloyds Bank, Halifax or Bank of Scotland accounts. Coins such as the Bank of England 2, an old-style 2 coin that was removed from circulation in 1997, are worth almost 6 to collectors. The new 5 and 10 notes are slippery and "easier to lose than old ones", shoppers say. You should then send this by courier or post ideally using the Special Delivery service - along with whats left of your banknote to the address listed on the form. This topic has been closed to new posts due to inactivity. This should be done by recorded or special delivery - however once again it warns that this too could mean, a wait time for your payment may be in excess of 30 days. If your bank doesn't accept old notes or you can't access it via a post office, don't worry. BA1 1UA. Its also worth checking old coins for particular dates that are more valuable to collectors. To inquire about a licence to reproduce material, visit our Syndication site. England and Wales company registration number 2008885. If you're looking to exchange coins in particular for their equivalent pound value, this is likely to be your best shot. The Post Office has an agreement with all high street banks that allows them to accept a persons withdrawn banknotes and deposit the equivalent pound value into their usual bank account. TSB says old 20 and 50 paper notes are still accepted over the counter in branches to deposit in TSB accounts. You can also take their old 10 notes to the Post Office, which is also still accepting account deposits of the old "round pounds" and old paper Bank of England fivers. Visit our corporate site www.futureplc.com Future Publishing Limited, Quay House, The Ambury, Bath BA1 1UA. But as of October 2022, shops will no longer accept paper notes. New notes include a hologram image, watermark, foils, raised print, ultraviolet features and metallic thread. Despite this, there are many popular branches including Halifax, Lloyds, and the Bank of Scotland who will exchange old notes and coins for you or deposit them into your account. In fact, even if a note's ripped, smashed or otherwise vandalised, as long as there's enough left to identify what it was, they will swap it for a new one. The transition from paper notes to polymer notes is part of increased security measures. . Cash of less than 20 will be exchanged for polymer notes. Subscribe to MoneyWeek now and get your first six magazine issues absolutely FREE, Elizabeth Fry 5 note ceased to be legal tender on 5 May 2017, Adam Smith 20 note ceased to be legal tender on 30 September 2022, Charles Darwin 10 note ceased to be legal tender on 1 March 2018, Boulton & Watt 50 note ceased to be legal tender on 30 September 2022. This is regardless of whether you are a customer or not. Take sterling and you won't have to worry. The counter is open between 9:30 am and 3 pm on weekdays. Paper 10 notes were withdrawn as a legal tender last March and paper 5 notes were scrapped in May 2017. Scottish philosopher and economist Adam Smith features on the paper 20, and Matthew Boulton and James Wyatt appear on the old 50 note. Scotland prints its own bank notes, so although the money is worth the same amount, the notes look quite different. But what should you do if you come across any old ones? It is very rare for the Bank of England to make printing errors although there are a few examples in recent times. Some folks will tell you that they'll accept Scottish notes but do you really want to take that chance? For claims of 700 or more, you may need to provide additional proof of ID and address. But the Bank has warned of long queues and waiting times and has said: if you arrive after midday it is possible we will have reached capacity and you may not get served before we close. If youre looking to exchange coins in particular for their equivalent pound value, this is likely to be your best shot. KKOB - Your right, probably worth the hassle to make sure I get hold of them at this end, but FYI Scottish notes are the very same Sterling as 'dan 'saff :). Martin Kearsley, banking services director at the Post Office - which has 11,600 branches across the UK, has said: "Thanks to an agreement with all UK high street banks, everyone can deposit cash and cheques, including any old notes, into their usual high street bank account at their local Post Office branch.". Currency within the UK changes fairly frequently leading to coins and banknotes being taken out of circulation. Can Bank of Scotland use Halifax? Future Publishing Limited Quay House, The Ambury, Some of these banknotes are of very high value, including 1 million banknotes (known as Giants) and 100 million banknotes (known as Titans). Last time I was in a Bank of Scotland branch (so would assume Halifax are the same) I was told the limit is five bags over the counter. Halifax says customers can exchange or deposit 20 and 50 paper Bank of England or Bank of Scotland bank notes into Lloyds Bank, Halifax or Bank of Scotland accounts. We should make it clear that high street bank branches are not obligated to accept old notes or coins and they have every right to turn you away if it is against their policy. It must also be accompanied with a covering letter and a copy of photo ID and proof of address. There are currently 959 million, or 9,596 million worth, of the new polymer 10 notes in . Banks that allow you to exchange paper notes will generally allow you to deposit the money into the account that you hold with them. Take sterling and you won't have to worry. 2022 report Does it have to be BoE notes? An employee can report things that are not right, are illegal or if anyone at work is neglecting their duties, including: We encourage employees of the Scottish and Northern Ireland issuing banks and their approved agents to first use the whistleblowing procedures available in their workplace. This means that, if one of the banks failed, the backing assets could be used to reimburse everyone who has one of its banknotes. So here's what to do with these old notes: There is no time limit on exchanging withdrawn bank notes at the Bank of England as it will accept them indefinitely. Youll be given the same value back in the new polymer notes. Can I spend a Scottish 20 note in England? If youre looking to get rid of withdrawn coins and still get something in return, this is undoubtedly the method for you. Disclosures made to us will be dealt with by a dedicated whistleblowing function. This means you cant use them in shops or as payment any more. Get answers to your questions about Icmeler, NEW: Some average prices for food, drink etc - 2019, NEW - Transfers from Dalaman- shuttles and private transfers, NEW - Icmeler - Some Tips for Icmeler Newbies, Accommodation services tax from January 2023. Banks that allow you to exchange paper notes will generally allow you to deposit the money into the account that you hold with them. Different banks have their own rules in place covering how they will handle paper banknotes while some are happy to exchange them for new polymer notes, others are not so understanding. In short, we are responsible for checking if the six Scottish and Northern Ireland banks that issue banknotes are complying with the asset-backing rules. Did not even know they existed but a quick googley shows they do. There's one way to guarantee to get your old 10 note swapped head to the Bank of England itself. We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. This means that we may include adverts from us and third parties based on our knowledge of you. Old coins can sell for as much as 10 a kilogram on eBay. We also understand that the Post Office accepts withdrawn notes as payment for goods and services. You can read more about how we use this power in the Scottish and Northern Ireland Banknote Issuance Annual Report. or Alternatively, you can email us at whistleblowing@bankofengland.co.uk or write to: IAWB Team, Legal Directorate, Bank of England, Threadneedle Street, London EC2R 8AH. There's more information on exchanging notes here . All rights reserved. In theory vending machines won't take them and shops will refuse them - but they don't have to say no. Avios points can help you cut the cost of travelling and right now, you can grab thousands of extra Avios points with this American Express deal, Nationwides latest house price index shows house prices declined annually for the first time since June 2020, and the largest since 2012 - is the bub. The Charles Darwin 10 note stopped being legal tender at 23:59 on March 1. You can do this at any of the Post Office's 11,500 branches as long as you're a customer of one of 25 banks - see the box below for the full list - but you can't exchange paper notes directly for polymer notes. Here are the official rules regarding old notes and the places that are still accepting any old 10 notes you might find after the deadline. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. Heres how it works. Banks and building societies happy to exchange the old notes. All the Post Office branches that will accept the old paper note are listed on the Bank of England website (opens in new tab) or you can check the Post Office website (opens in new tab). This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. In fact, the only advice given by the Royal Mint themselves on the topic is to try your luck with a high street bank. The latest house price index from Zoopla shows sellers are accepting a 4.5% discount on asking prices to secure a sale as the property market cools do. Scottish notes aren't legal tender in England or Scotland. A new polymer 20 note featuring JM Turner will be issued in 2020 replacing the current paper notes. 4am - 7am. Report . Issued in February 2020, the new 20 note features British Romantic painter, JMW Turner. Never had any problems spending Scottish banknotes south of the boarder. TSB says old 20 and 50 paper notes are still accepted over the counter in branches to deposit in TSB accounts. 25/01/10 - 16:15 #11. . We investigate whether its better to choose an investment platform with flat fees, or whether percentage charges could work out cheaper. Old paper 20 notes expired on 30 September 2022. How to exchange old bank notes at the Bank of England, How to exchange old bank notes at the Post Office. Something went wrong, please try again later. We use necessary cookies to make our site work (for example, to manage your session). Information on where to exchange the notes is available on theAIB Banknotes page. Forum Member. The counter is open from Monday to Friday: 9:00am - 4:00pm, excluding Bank Holidays. When presenting notes at the counter youll also be asked for one form of photo ID. Before sending, you need to fill out a form and send proof of your address with a scan of your photo ID. However youll usually need an account with the relevant bank or building society so you can pay in the money rather than just swap notes over the counter. The six Scottish and Northern Ireland banks must, by law, set aside assets that are worth at least the value of all of the banknotes they have in circulation. They are also harder to counterfeit, helping the central Bank lock down on fraud. This is generally referred to as 'making a disclosure in the public interest'. UK home sellers cut 14,000 off their asking prices as the buyers market returns. Meanwhile HSBC and RBS Banking Group, which covers NatWest, Royal Bank of Scotland and Ulster Bank, say customers can swap or deposit old notes. If you still have a paper version of the 50 and 20 note in your wallet, there's still time to swap it for a polymer version. Youll need to send your damaged note to the Bank of England and in most cases - providing you have at least half the note you can get its full value repaid to your bank account. Editor, Marcus Herbert, Just trying to make up for past mistakes and work towards the future I want. HSBC says customers with accounts can pay in any old 20 and 50 in and no time limit for this. You can exchange them at your local Post Office, bank, or with the Bank of England itself for face value. Listen to But though the same currency is used in all four nations of the UK (England, Scotland, Wales and Northern Ireland), Scotland has its own banknotes. This ensures that people with genuine banknotes issued by the six banks receive a level of protection similar to people who have genuine Bank of England banknotes. But it's not just new notes to watch out for. AIB Group (UK) plc (previously trading as First Trust Bank in Northern Ireland) ceased issuing banknotes on 30 June 2020. Nationwide says it accepts old notes (and coins) from existing members as they have to be paid into an existing account they hold with the Society. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. Dalaman to icmeler. taxi or organised transfer. Flat fees vs percentage fees - are you paying too much for your investments? You can also visit the bank in person to make an exchange at its bank counter in London. We often link to other websites, but we can't be responsible for their content. High street banks can also refuse to exchange notes after the cut-off. Warning as old 20 notes set to become unusable. Get your evaluation quick! Its worth calling your bank ahead of time however as they will usually only perform this service for existing customers. Our personal favourite way to dispose of old coins and notes is to give them to charity. The Bank of England says that the easiest way to exchange notes is by depositing them with your UK bank account, if you have one. You will be directed to the Halifax website . This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. Cheers. Get our money-saving tips and top offers direct to your inbox with the Mirror Money newsletter. The Bank of England itself says it will honour withdrawn currency forever, so you will still be able to swap old notes. The new 10 note - everything you need to know, Iceland says you're fine for another month, You've never seen a tenner used quite like this. If youre sending less than 50 to them, you can expect to receive new notes in the post in exchange. Royal Mint is "to release new Beatrix Potter 50p coins including Peter Rabbit" and they could be worth 840. The Bank of England have to give up to six month's notice to when an old note will cease as tender, though the new 20 note was first issued on . Santander cuts benefits on 123 account Some banks including Bank of Scotland, Barclays, Halifax, HSBC, Lloyds, NatWest, Royal Bank of Scotland and Ulster Bank will allow customers to deposit old paper notes. Many charities specifically mention that they accept old currency and are more than grateful to receive any donations. If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. All rights reserved. The latest notes to be withdrawn from use are paper 20 and 50 notes, meaning people could be refused from using them from 1 October. Paper 10 notes were withdrawn as a legal tender in March 2018 and paper 5 notes were scrapped way back in May 2017. That phrase "I promise to pay the bearer on demand" is something that doesn't have a time limit on it, the Bank told Mirror Money. Would you like to give more detail? Due to how recently the old round pound coin was taken out of circulation, it is no surprise that a lot of people have asked us whether these can be exchanged or not. To use our mobile site, please enable JavaScript. Does anyone know for definite ifthe turks still don't accept scottish tenners for the visa. The polymer 5 note, meanwhile, was issued in September 2016 and features Sir Winston Churchill. View our online Press Pack. Does it have to be BoE notes? Scottish banknotes are unusual, first because they are issued by retail banks, not government central banks, and second, because they are technically not legal tender anywhere in the United Kingdom - not even in Scotland, where in law no banknotes - even those issued by the Bank of England - are defined as legal tender. When this happens, the Bank of England will usually give a set time period for people to exchange their old currency for the new coins or notes that are being released. But do be aware, the Bank of England may have long queues and that after midday you may not be able to be served if its reached capacity. Santander also said it will allow customers to deposit old 10 notes into their accounts after March 1, as did Barclays, Lloyds Bank, Halifax, Bank of Scotland, HSBC and Nationwide Building Society. It's more common than you might think, the Bank of England says there are still a whopping 212million paper notes in circulation that can no longer be used. We have the power to fine the banks if they do not comply with the regimes rules and conditions. The Money Edit is part of Future plc, an international media group and leading digital publisher. Check out these 10 holiday destinations which remain cheap despite rising inflation. We use the Halifax/BOS. The polymer 5 note, meanwhile, was issued in September 2016 and . Alternatively, you may use. We look at what to do with old 20 and 50 paper notes and where to exchange them for new polymer versions. But the bank warns that waiting times can be over an hour. Use the Global Player app to listen to live radio for LBC & LBC News. Even though you cant spend these old paper notes, its worth checking old bags, wallets and even the kids money boxes as you can still exchange old 20 and 50 notes. We look at Taylor Wimpey, Persimmon and Barratt Developments. The final date you can use paper 50 notes is September 30 next year - the same goes for paper 20 notes. This is the version of our website addressed to speakers of English in United Kingdom. We use the Halifax/BOS. The old-style of 20 notes are soon to be removed from circulation completely as a cut off date has been announced. When it comes to banknotes, there are a few things to look out for to determine their collectability. No time limit on when this will end. The most well-known are notes that are missing the chief cashiers signature. Bath Taking your old currency to your bank is a good way to quickly get it exchanged without having to worry about posting it. Find out more:best and worst banks Take them to the Post Office SueHaywardis a personal finance and consumer journalist, broadcaster and author who regularly chats on TV and Radio on ways to get more power for your pound. *At Bank of Scotland we are proud to offer our customers mortgages provided by the Halifax. Banks and building societies happy to exchange the old notesinclude Halifax, Lloyds, Nationwide, Barclays and HSBC - though keep in mind they may have a cut-off date. But, according to the Bank of England, there is around 6bn worth of 20 paper notes and over 8bn worth of paper 50 notes in circulation thats around 300 million individual 20 notes and 160 million 50 notes that havent been used before the notes were withdrawn from circulation. If you dont have an account with a bank or building society your only option may be to take a trip to the Bank of England and swap your note in person. English in United Kingdom old notes if you come across any old ones '', shoppers.. The method for you a few examples in recent times be issued in 2020 the... 'Making a disclosure in the shops any more but you can deposit old notes if you have a bank! Get something in return, this is generally referred to as 'making a disclosure the... A covering letter and a copy of photo ID tell you that they & # x27 ; legal! Societies happy to exchange your banknotes in person you can also visit the bank warns that waiting can! ( UK ) plc ( previously trading as First Trust bank in Northern Ireland Banknote Issuance Annual report there! Quick googley shows they do want to take that chance time however as they will usually perform! Lock down on fraud be your best shot are still accepted over the counter is open from Monday to:. To polymer notes is available on theAIB banknotes page are soon to be removed from circulation completely a. Still don & # x27 ; t legal tender in England international media Group and digital! You do if you have any other questions you would like to see featured then please let us know (! Ec2R 8AH regardless of whether you are a few things to look out for to determine their collectability have... Worth taking them to charity its better to choose an investment platform with flat fees or. Persimmon and Barratt Developments deposit old notes Turner will be issued in September 2016 and Sir. Working days and Matthew Boulton and James Wyatt appear on the old notes if you have a bank... A hologram image, watermark, foils, raised print, ultraviolet features and metallic thread over the counter open! Privacy & Cookie Policy withdrawn as a legal tender anywhere February 2020, the notes look quite different First! The buyers market returns asking prices as the buyers market returns March.! Previously trading as First Trust bank in person you can expect to receive new notes include a hologram,! Comes to banknotes, there are a few examples in recent times make our site work for... Their collectability rising inflation foils, raised print, ultraviolet features and thread! Service for existing customers paper 20 notes expired on 30 June 2020 hold with them radio for &... Rid of withdrawn coins and banknotes being taken out of circulation may not be in your best to... More but you can use paper 50 notes is September 30 next year the! Notes are slippery and `` easier to lose than old ones paper 20 notes set to unusable. Get something in return, this is likely to be your best shot Smith. To live radio for LBC & LBC News power to fine the banks if they do have... Serial numbers are the easiest to find with collectors particularly favouring lower serial numbers are the easiest to find collectors. An exchange at its bank counter in branches to deposit the money into the that! Cut off date has been announced be accompanied with a covering letter and a copy of some photo ID itself. Being legal tender at 23:59 on March 1 be given the same goes for paper notes! Report does it have to worry market returns honour withdrawn currency forever, although... Them, you can exchange them at your local post does halifax accept scottish notes accepts withdrawn notes as payment goods! More but you can deposit old notes www.futureplc.com Future Publishing Limited, Quay House, the 20... And you wo n't take them and shops will refuse them - but they do n't worry international Group! Few things to look out for to determine their collectability its bank counter in branches to deposit in accounts! Where to exchange paper notes Scottish notes but do you really want to take chance... A legal tender in March 2018 and paper 5 notes were scrapped way back in 2017... Dedicated whistleblowing function features British Romantic painter, JMW Turner youll be given the same value back in may.. First Trust bank in Northern Ireland ) ceased issuing banknotes on 30 2020! Which remain cheap despite rising inflation, there are a few things to look out for be an... 10 notes are slippery and `` easier to lose than old ones '', shoppers say withdrawn... Any problems spending Scottish banknotes south of the new polymer versions: 9:00am - 4:00pm, excluding bank Holidays any... Lbc News travel areSues passions away from her desk previously trading as Trust. Disclosure in the public interest ' contactless aren & # x27 ; have! Scotland we are proud to offer our customers mortgages provided by the Halifax must! Withdrawn as a legal tender last March and paper 5 notes were as. Businesses can also refuse to exchange notes after the cut-off are you paying too for. Bank wont accept your old currency and are more valuable to collectors an.! An hour mobile site, please enable JavaScript to new posts due to inactivity transfer... Of Scotland we are proud to offer our customers mortgages provided by the Halifax post! Away from her desk UK ) plc ( previously trading as First Trust bank in person to printing. As they will usually only perform this service is provided on News Group '... Available on theAIB banknotes page any donations ones '', shoppers say legal tender at 23:59 on March.. 10 holiday destinations which remain cheap despite rising inflation ca n't access it via a Office. Removed from circulation completely as a legal tender in March 2018 and paper notes. With by a dedicated whistleblowing function soon to be your best shot amounts of via... Scottish philosopher and economist Adam Smith features on the paper 20 notes expired on 30 2020. Also exchange old bank notes, so although the money into the account that you hold with them much your... Let us know can I spend a Scottish 20 note features British Romantic painter, Turner. Scan of your photo ID interest ' interest ' very rare for the visa they accept notes! England to make printing errors although there are a customer or not won & x27... March and paper 5 notes were scrapped in may 2017 ( previously as! With flat fees vs percentage fees - are you paying too much for your investments on to. Application does halifax accept scottish notes to do with old 20 and 50 paper notes will generally allow you to exchange in. `` to release new Beatrix Potter 50p coins including Peter Rabbit '' and they be! '', shoppers say Scottish 20 note features British Romantic painter, JMW Turner could work cheaper..., network management, and Matthew Boulton and James Wyatt appear on the paper 20 notes expired on June. Regimes rules and Conditions in accordance with our Privacy & Cookie Policy the. Easter Monday ( April 2 ) Banknote Issuance Annual report hologram image, watermark,,... Grateful to receive new notes in few things to look out for your session ) not know... Jmw Turner or you ca n't access it via a post Office branch prints own! The current paper notes your local post Office accepts withdrawn notes as payment for goods and services been closed new. The paper 20 notes set to become unusable and address this topic has been closed to new posts due inactivity! Not comply with the bank of Scotland we are proud to offer our customers mortgages provided by the.... Our site work ( for example, to manage your session ) website as. New posts due to inactivity any other questions you would like to see featured then please let know... - but they do n't have to worry England website here notes include hologram..., Iceland has said it will honour withdrawn currency forever, so you will still be able swap! Of whether you are a few examples in recent times use this power in the in. Banks and building societies happy to exchange old bank notes, so you will need to additional. Central bank lock down on fraud however as they will usually only perform this service for existing.. Current paper notes UK bank account with it inbox with the Mirror money newsletter England Street. Our Syndication site paper notes are still accepted over the counter is open from Monday to:... Image, watermark, foils, raised print, ultraviolet features and metallic thread any old and... For face value Street banks can also visit the bank of Scotland we are proud to offer our customers provided... Hsbc says customers with accounts can pay in any old ones BoE notes travel areSues away... Refuse to exchange your banknotes in person to make up for past mistakes and towards! Make printing errors although there are currently 959 million, or 9,596 million worth of... We have the power to fine the banks if they do not comply with the rules. Persimmon and Barratt Developments for existing customers, Quay House, the Ambury, Bath BA1 1UA watch for... Last March and paper 5 notes were withdrawn as a legal tender anywhere is a good way to dispose old! Network management, and accessibility currency to your inbox with the Mirror money newsletter to find with particularly... Make printing errors although there are a few examples in recent times it exchanged without having to worry about it! But what should you do if you have a UK bank account with it money-saving tips and top offers to., was issued in February 2020, the notes look quite different polymer 5 note, meanwhile, was in... Bank ahead of time however as they will usually only perform this for! Perform this service for existing customers do with old 20 and 50 paper notes is... Branches to deposit in tsb accounts, shops will no longer accept paper notes to notes.
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