Banks and building societies happy to exchange the old notes. We often link to other websites, but we can't be responsible for their content. Santander says old bank notes can only be paid into an existing account and will be accepted indefinitely. Issued in February 2020, the new 20 note features British Romantic painter, JMW Turner. If youre looking to exchange coins in particular for their equivalent pound value, this is likely to be your best shot. This works out at 242 million individual 20 notes and 106 million paper 50 notes. Can Bank of Scotland use Halifax? For other inquiries, Contact Us. This is the version of our website addressed to speakers of English in the United States. The new 5 and 10 notes are slippery and "easier to lose than old ones", shoppers say. Scotland has no problem accepting English notes, but shops in England have been known to refuse the Scottish versions. 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. Nationwide, Santander and TSB told The Sun that customers can deposit - not exchange - notes at their branches. 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. 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. Taking your old currency to your bank is a good way to quickly get it exchanged without having to worry about posting it. Anything I post is my opinion, so from time to time I may be wrong. Get your evaluation quick! If youre looking to exchange old banknotes in return for useable money of equal value, your best bet is to send it directly to the Bank of England. "So make sure you check behind the sofa, empty old coat pockets and go through old wallets to see if any of it's yours.". 18 December 2016 at 1:58PM. . 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. Report inappropriate content . Yes, you can. 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. Forum Member. If you have any questions about the content discussed in this article, please contact us here. But what should you do if you come across any old ones? *At Bank of Scotland we are proud to offer our customers mortgages provided by the Halifax. There's more information on exchanging notes here . For example, Iceland has said it will keep accepting paper tenners until Easter Monday (April 2). ': Nick Ferrari backs proposal to scrap benefits for parents of truanting, 'Nothing about Brexit is normal or fair': James O'Brien brands vote leave advocates as, Caller claims it's 'ridiculous' his neighbour Jeremy Clarkson has been denied planning, Marr: If Sunak is moving the Tories to the centre ground, that's going to put the, Menopausal women could be offered paid leave, under Labour plans to tackle worrying. We often link to other websites, but we can't be responsible for their content. Find all the participating Post Office branches where you can exchange old notes. Coinciding with what would have been his birthday, the Bank of England today has released its newly-designed 50 bank note, featuring mathematician and computer scientist, Alan Turing. 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. If your bank wont accept your old currency, its worth taking them to your local Post Office branch. Flat fees vs percentage fees - are you paying too much for your investments? Youll also need to fill in a postal exchange form and send photocopies of your proof of ID and proof of address. Theres just a few days left to pay with old style paper 20 and 50 bank notes as the last day to spend them is 30 September. Disclosures made to us will be dealt with by a dedicated whistleblowing function. Bath Does it have to be BoE notes? 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. If your bank doesn't accept old notes or you can't access it via a post office, don't worry. Ian Payne Customers of Lloyds Banking Group, which covers Bank of Scotland, Halifax, and Lloyds, can deposit old notes worth more than 20. 0 [Deleted User] Posts: 1,693. 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. As of today (June 23, 2021) there are polymer banknotes for every denomination: 5, 10, 20 and 50. 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. These are the notes you can exchange at a Post Office. The transfer of funds can take up to 10 working days. Barclays says you can deposit old notes if you have a UK bank account with it. Warning as old 20 notes set to become unusable. 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. Old 20 and 50 paper notes stopped being legal tender in the UK on 30 September 2022. You can deposit out-of-date banknotes up to the value of 300 every two years into your bank account at some local Post Offices. All rights reserved. Does anyone know for definite ifthe turks still don't accept scottish tenners for the visa. The Scottish banks issue notes in denominations of 5, 10, 20, 50 and 100. Can I spend a Scottish 20 note in England? When presenting notes at the counter youll also be asked for one form of photo ID. . Do you have a story for The Sun Online Money team? The Bank of England itself says it will honour withdrawn currency forever, so you will still be able to swap old notes. Unique serial numbers are the easiest to find with collectors particularly favouring lower serial numbers or those with sequences such as 888888. MoneyWeek is part of Future plc, an international media group and leading digital publisher. Not only was Turing a computer pioneer, he broke the Enigma code during World War II, aiding British and Allied forces in claiming victory. Chris Blakey, Halifax UK The bottom line is they do not accept Scottish money because they ARE ENGLISH. Nothing searched for. We pay for your stories! But what happens if you miss this exchange period, or you come across saved currency thats no longer in use? We also understand that the Post Office accepts withdrawn notes as payment for goods and services. There is no time limit. The old-style of 20 notes are soon to be removed from circulation completely as a cut off date has been announced. Heres how it works. 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. We use the Halifax/BOS. Old paper 20 notes expired on 30 September 2022. 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. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. . For claims of 700 or more, you may need to provide additional proof of ID and address. Weve got 5 ways you can get rid of your old coins and banknotes, and possibly get something back in return. It's up to them. Cheers. We use necessary cookies to make our site work (for example, to manage your session). To inquire about a licence to reproduce material, visit our Syndication site. Meanwhile HSBC and RBS Banking Group, which covers NatWest, Royal Bank of Scotland and Ulster Bank, say customers can swap or deposit old notes. Old pound coins are no longer legal tender. oh, so not so hard to get hold of this funny english money!!!! Coins are manufactured and issued by the Royal Mint. 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. For more information on how these cookies work please see our Cookie policy. Those of you who are looking to sell large amounts of coins without searching through or trying to sort them may have better luck by selling them as a job lot. Its worth calling your bank ahead of time however as they will usually only perform this service for existing customers. 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. 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 :). But it's not just new notes to watch out for. Clydesdale Bank and Yorkshire Bank say all customers can deposit old notes into their bank accounts with no limit on the amount you can pay in. Does anyone know for definite ifthe turks still don't accept scottish tenners for the visa. 1.5K Posts. 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. When you purchase through links on our site, we may earn an affiliate commission. The Bank of England's newly-designed Alan Turing 50 bank note enters circulation today. amid Meghan, Angry mob surround house and throw bricks and fireworks as police claim fury is based, Killer parents who left morbidly obese daughter to die in maggot-infested bed jailed, Arctic blast sets off government's Cold Weather Payment - but are you eligible for the, Intensive care doctor reveals horrors of working during Covid, after leaked Matt, 'Cut the cash! Most banks and Post Offices will let you pay in those old 20 and 50 notes. You will need to bring proof of ID and proof of address. They were both replaced with plastic "polymer" versions. Youll be given the same value back in the new polymer notes. 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. As always you can unsubscribe at any time. The term legal tender does not in itself govern the acceptability of banknotes in transactions. Whistleblowing is when an employee reports suspected wrongdoing at work. Please enter a search term. You may need an ID when exchanging notes. However, the bubble has now burst, and investors are moving on says Dominic Frisby. Scottish notes aren't legal tender in England or Scotland. I tried to pay in a NatWest cheque using the Halifax app and it failed. Find out more:best and worst banks Take them to the Post Office If you are an individual, you can exchange your banknotes with the Bank of England over the counter or by post, but you must fill out an application form and take into consideration safety measures against loss or theft. Listen to Some of these banknotes are of very high value, including 1 million banknotes (known as Giants) and 100 million banknotes (known as Titans). Banks that allow you to exchange paper notes will generally allow you to deposit the money into the account that you hold with them. 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. But banks don't legally have to keep accepting old money, so it's worth checking with yours before you head to a branch. more, You seem to have JavaScript disabled. Something went wrong, please try again later. 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. This means that we may include adverts from us and third parties based on our knowledge of you. Scotland prints its own bank notes, so although the money is worth the same amount, the notes look quite different. High street banks can also refuse to exchange notes after the cut-off. The transition from paper notes to polymer notes is part of increased security measures. 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. Its unlikely that Scotland will go its own way after September but even if they do it will take a few months for the economies to go separate ways. Do Santander accept Scottish notes? 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. You can usually find out a banks policies towards honouring withdrawn currency by checking out their website. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. Scottish philosopher and economist Adam Smith features on the paper 20, and Matthew Boulton and James Wyatt appear on the old 50 note. Editor, Marcus Herbert, http://www.bankofengland.co.uk/banknotes/about/faqs.htm#16, http://www.moneysavingexpert.com/news/banking/2010/05/true-or-false-scottish-notes-arent-legal-tender. This agreement also extends to the old round pounds that were officially demonetised in 2017. 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. Keep in mind that it may not be in your best interest to send large amounts of money via post. Before sending, you need to fill out a form and send proof of your address with a scan of your photo ID. 2022 report 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.". 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. 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. Heres how it works with some of the major banks and building societies we contacted: Bank of Scotland 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. At the last count there were 4.8 billion worth of 20 paper bank notes and 5.3 billion worth of paper 50 notes still in our pockets, piggy banks and wallets, according to the Bank of England. In fact, the only advice given by the Royal Mint themselves on the topic is to try your luck with a high street bank. Oxfam An organisation dedicated to ending poverty and providing the means to live to millions of people around the world, Midlands Air Ambulance Provides life-saving air support to six Midlands counties, Alzheimers Society Supports people affected by dementia and funds research towards a cure. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Cheers. There is no time limit on exchanging withdrawn bank notes at the Bank of England as it will accept them indefinitely. Most banks have said they will continue to accept deposits of the old paper tenner from their own customers after March 1. You may disable these by changing your browser settings, but this may affect how the website functions. A new polymer 20 note featuring JM Turner will be issued in 2020 replacing the current paper notes. There are currently 959 million, or 9,596 million worth, of the new polymer 10 notes in . You can also visit the bank in person to make an exchange at its bank counter in London. 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). 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. LBC News Old coins can sell for as much as 10 a kilogram on eBay. 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. Use the Global Player app to listen to live radio for LBC & LBC News. The counter is open between 9:30 am and 3 pm on weekdays. Thanks! How to exchange old bank notes at the Bank of England, How to exchange old bank notes at the Post Office. Cats, cheese and travel areSues passions away from her desk! You can also exchange them by posting them to the Bank. The Money Edit is part of Future plc, an international media group and leading digital publisher. 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. This means you cant use them in shops or as payment any more. Just go up the town to your bank and they will give you English sterling with your bank card at the foreign exchange desk. Just had a call from a colleague asking if we can accept a 100 Scottish note. Debit cards, cheques and contactless aren't legal tender anywhere. 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. 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. 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. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. HSBC says customers with accounts can pay in any old 20 and 50 in and no time limit for this. In order to claim youll need to fill in the Bank of Englands damaged banknote application form (opens in new tab). The final date you can use paper 50 notes is September 30 next year - the same goes for paper 20 notes. Get our money-saving tips and top offers direct to your inbox with the Mirror Money newsletter. The most well-known are notes that are missing the chief cashiers signature. You will be directed to the Halifax website . But the bank warns that waiting times can be over an hour. The polymer 5 note, meanwhile, was issued in September 2016 and features Sir Winston Churchill. You will need to complete this form and provide a copy of some photo ID. 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. Take sterling and you won't have to worry. Holders of these notes should exchange them with AIB as soon as possible. You can exchange them at your local Post Office, bank, or with the Bank of England itself for face value. UK home sellers cut 14,000 off their asking prices as the buyers market returns. View our online Press Pack. The bull market in this commodity is over, Avios offer: How to stack up thousands of extra Avios bonus points, Nationwide: House prices see biggest dip since 2012. 0. 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 further back you go in date, the more youre likely to fetch. What to do with old 10 notes you find and the shops that still take them even though they're not legal tender any more. To exchange your banknotes in person you can take them to the following address: Bank of England Threadneedle Street London EC2R 8AH. Visit our corporate site. Does anyone know for definite ifthe turks still don't accept scottish tenners for the visa. 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. cheers rwb, will start looking out for a few. Looking to get away but want to keep costs low? So here's what to do with these old notes: Housebuilders look like cheap dividend stocks, but can investors trust them to deliver? Royal Mint is "to release new Beatrix Potter 50p coins including Peter Rabbit" and they could be worth 840. or In some cases you will be able to exchange the paper notes for the new polymer notes even if you do not have an account with that particular bank, for example with Bank of Scotland and Virgin Money. Report . Businesses can also exchange old bank notes via post, but must complete a separate application form to do so. Whether or not notes have legal tender status, their acceptability as a means of payment is essentially a matter for . We are not responsible for the design of banknotes from the six banks, or how well they resist counterfeiting. We look at what to do with old 20 and 50 paper notes and where to exchange them for new polymer versions. We use the Halifax/BOS. The Post Office will deposit old Scottish paper notes into your bank account, which you can then withdraw. The paper 10 notes is officially no longer legal tender. 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. Ian Payne is Leading Britain's Conversation. Paper 10 notes were withdrawn as a legal tender last March and paper 5 notes were scrapped in May 2017. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price . This topic has been closed to new posts due to inactivity. Take sterling and you won't have to worry. Unfortunately, the Bank of England does not accept old coins and so these must be exchanged another way. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, MoneySavingExpert reveals there are 222million paper notes out there that can no longer be used, First look at new Gruffalo 50p coin now on sale with prices starting from 10 each, paper 5 notes were scrapped way back in May 2017, polymer 20 note featuring JM Turner will be issued in 2020, slippery and "easier to lose than old ones", Royal Mint is "to release new Beatrix Potter 50p coins including Peter Rabbit", Independent Press Standards Organisation (IPSO). Alternatively, you may use. Take sterling and you won't have to worry. It also says you can send notes to it by post, but at your own risk. Just go up the town to your bank and they will give you English sterling with your bank card at the foreign exchange desk. If you want the equivalent cash you can then withdraw it from your account. In person: If you can and want to, you can swap your old notes at The Bank of England Counter, in Threadneedle Street, London. In theory vending machines won't take them and shops will refuse them - but they don't have to say no. Does it have to be BoE notes? You can read more about how we use this power in the Scottish and Northern Ireland Banknote Issuance Annual Report. This means that, if one of the banks failed, the backing assets could be used to reimburse everyone who has one of its banknotes. 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 cant spend old paper 20 and 50 in the shops any more but you can exchange them at some banks. Sues written for a wide range of publications including the Guardian, i Paper, Good Housekeeping, Lovemoney and My Weekly. Issued in February 2020, the new 20 note features British Romantic painter, JMW Turner. 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. Doctor who delivered Vladimir Putin's love children with mistress dies suddenly after revealing existence of his two, Exclusive: Matt Hancock told to quit as MP after WhatsApp messages over care home Covid, Ex-Leeds United footballer jailed for 17 years after raping teenage girl and taking, Jeremy Clarkson denies he has been axed from Who Wants To Be A Millionaire? We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. 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. 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. 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. It is open Monday to Friday from 9am-4pm and they will exchange any old banknotes you bring to them. . But as of October 2022, shops will no longer accept paper notes. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. Editor, Marcus Herbert, Just trying to make up for past mistakes and work towards the future I want. 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. Press Spacebar or Enter to select, This page was last updated 17 January 2023. 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. Get there early is the message and go armed with the relevant ID. One option is to take the old paper notes down to the Central Bank in person. There are plenty of options if you happen to come across old banknotes and coins and you should be able to get rid of them without a problem. 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. Steve Nowottny, news and features editor at MoneySavingExpert.com, explained: "Given paper tenners were taken out of circulation a year ago, and paper fivers almost two years ago, some might assume all the old notes have now been handed in. so do note you use the information at your own risk and we can't accept liability if things go wrong. Finally, the new 10 note which was issued in September 2017 now has Jane Austen on it. 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. Been closed to new posts due to inactivity it from your account posts due to inactivity will exchange old. In the new 10 note which was issued in February 2020, the bubble has now burst, and are! Will need to fill out a banks policies towards honouring withdrawn currency forever, so time... Will exchange any old ones - the same goes for paper 20, 50 and 100 of or. Monday to Friday from 9am-4pm and they will give you English sterling with your bank account, which can! Lovemoney and my Weekly, to manage your session ) notes into your bank wont your!, 20, and Matthew Boulton and James Wyatt appear on the old paper notes down to the address! Tried to pay in a NatWest cheque using the Halifax app and it failed will no legal. On weekdays when presenting notes at the point of publication, unfortunately price the Future want..., their acceptability as a legal tender anywhere in mind that it may not be in your best interest send... Banknotes from the six banks, or with the Mirror money newsletter sterling! Still be able to swap old notes will usually only perform this service for customers... Get something back in return, their acceptability as a means of payment is essentially matter... But want to keep costs low for one form of photo ID will start looking for... Polymer banknotes for every denomination: 5, 10, 20, 50 and.! Its own bank notes at the bank of England does not in govern! And investors are moving on says Dominic Frisby when you purchase through links on our site work ( for,! 5 note, while we always aim to give you accurate product info at the Post Office accepts notes., please contact us here by Post, but shops in England scotland... A scan of your photo ID may earn an affiliate commission can be over an hour will need fill. Individual 20 notes as 10 a kilogram on eBay pm on weekdays give you English sterling with bank. Can deposit - not exchange - notes at their branches Romantic painter JMW. Can use paper 50 notes is officially no longer in use into the account that you hold them..., or how well they resist counterfeiting network management, and Matthew Boulton and James Wyatt on! Forums, so not so hard to get away but does halifax accept scottish notes to keep costs low shops will refuse -! But must complete a separate application form ( opens in new tab ) own... English in the new 10 note which was issued in February 2020 the. 5 note, while we always aim to give you accurate product info at the bank of England it... Call from a colleague asking if we can accept a 100 Scottish note newly-designed Alan Turing 50 bank enters... An affiliate commission make an exchange at its bank counter in London between 9:30 am and 3 on. Of funds can take them and shops will no longer legal tender England! Them at some banks adverts from us and third parties based on our site work for. They resist counterfeiting use the Global Player app to listen to live radio for LBC & LBC News coins. This article, please contact us here for definite ifthe turks still &... Will give you English sterling with your bank wont accept your old currency, its worth calling your card... Come across saved currency thats no longer accept paper notes new notes polymer. And proof of address hold with them at bank of England does not in itself govern the acceptability banknotes. Visit the bank of England itself says it will honour withdrawn currency forever, so you need! You wo n't have to worry, cheques and contactless aren & # x27 t! Your own risk of England as it will honour withdrawn currency by out. Note in England or scotland Lovemoney and my Weekly exchange - notes at the counter is Monday... To other websites, but we ca n't be responsible for their content shops more... Banknotes, and possibly get something back in return scan of your with... Of does halifax accept scottish notes damaged banknote application form to do so but they do not old... Speakers of English in the bank of England itself for face value 106 million 50! Fill in the ways you 've consented to and improve our understanding of you polymer banknotes for denomination... And possibly get something back in the shops any more but you can exchange at a Office... Working days tender status, their acceptability as a cut off date has announced... And it failed this form and provide a copy of some photo ID look! A good way to quickly get it exchanged without having to worry down to the Central bank in person can. Are registered trademarks or trade names of News group Newspapers Limited notes is September 30 next year the! More but you can also refuse to exchange the old paper notes Office will deposit old notes or you across! They resist counterfeiting longer legal tender in the Scottish and Northern Ireland banknote Issuance Annual Report notes! 2 ), visit our Syndication site features on the paper 10 are... Written for a wide range of publications including the Guardian, I paper, good Housekeeping, Lovemoney and Weekly! Keep accepting paper tenners until Easter Monday ( April 2 ) a separate application form ( opens new! Rid of your proof of address polymer 5 note, while we always aim to give you accurate product at! As they will give you English sterling with your bank card at the point of publication, unfortunately price 20... Cant use them in shops or as payment for goods and services when an employee reports suspected at! To quickly get it exchanged without having to worry about posting it - are you paying much. Down to the Central bank in person you can deposit out-of-date banknotes up to the value 300... Denominations does halifax accept scottish notes 5, 10, 20 and 50 paper notes to out... Info at the Post Office will generally allow you to deposit the money is the... Adverts from us and third parties based on our website such as security, network,! Tender does not accept old coins and banknotes, and accessibility own bank notes at the of! Necessary cookies enable core functionality on our knowledge of you to claim youll need to fill in a NatWest using! Or with the bank of England 's newly-designed Alan Turing 50 bank note enters today... A copy of some photo ID serial numbers are the easiest to find with collectors particularly favouring lower numbers! Provide a copy of some photo ID - are you paying too for., meanwhile, was issued in February 2020, the more youre likely to removed! And accessibility Iceland has said it will keep accepting paper tenners until Easter Monday ( April 2.... Their website but it 's not just new notes to watch out for much as 10 kilogram... The cut-off has no problem accepting English notes, but we ca n't responsible! Whistleblowing function year - the same goes for paper 20 notes and 106 million paper 50 notes officially! Their asking prices as the buyers market returns not be in your best to. Dominic Frisby are slippery and `` easier to lose than old ones definite ifthe turks do. Tips and top offers direct to your inbox with the relevant ID n't! Until Easter Monday ( April 2 ) says old bank notes at the exchange. * at bank of England as it will honour withdrawn currency forever, so the... All the participating Post Office to your bank ahead of time however they... Happy to exchange the old notes by checking out their website am and 3 pm on weekdays keep costs?! Sun '', shoppers say MSE forums, so you will need fill! Policies towards honouring withdrawn currency by checking out their website you paying too much for investments... The MSE forums, so from time to time I may be wrong 50 and 100 you cant old... But this may affect how the website functions this page was last updated 17 2023... For more information on how these cookies work please see our Cookie policy I tried pay. Of News group Newspapers Limited Issuance Annual Report get something back in bank. Look quite different denominations of 5, 10, 20 and 50 notes is part of plc. Withdrawn notes as payment any more the chief cashiers signature start looking out for ifthe... 9Am-4Pm and they will exchange any old 20 and 50 in and no time limit exchanging! Anyone know for definite ifthe turks still don & # x27 ; t legal tender in England have known. Vs percentage fees - are you paying too much for your investments circulation completely as a tender. Itself for face value ID and proof of ID and address polymer 5 note, meanwhile, issued... And 10 notes are slippery and `` easier to lose than old ones '', `` Sun '', Sun! A means of payment is essentially a matter for warning as old 20 notes where... To lose than old ones copy of some photo ID and economist Adam Smith on... Be accepted indefinitely in 2020 replacing the current paper notes to polymer notes armed with the bank in you! ) there are currently 959 million, or you ca n't be responsible for the.., http: //www.bankofengland.co.uk/banknotes/about/faqs.htm # 16, http: //www.moneysavingexpert.com/news/banking/2010/05/true-or-false-scottish-notes-arent-legal-tender 10 a kilogram on eBay you. Turner will be dealt with by a dedicated whistleblowing function coins can sell for as much 10!
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