The GBP 20 and GBP 50 notes will cease to be legal tender after 30 September 2022. We will withdraw legal tender status from our £20 and £50 paper notes after 30 September 2022. To exchange old banknotes after the deadline, you can mail them to the Bank of England. Many banks and some post offices accept old £20 notes as a deposit into a bank account. Friday is the last day The Bank of England`s old-fashioned banknotes become legal tender after being replaced by polymer versions What can you do with your old notes? Here`s everything you need to know. Economist Adam Smith appears on the original £20 note. While the new polymer note features artist JMW Turner. The romantic artist`s self-portrait was painted in 1799 and is on display at Tate Britain in London. Der 30. September 2022 is the last day you can use our £20 and £50 paper tickets. So far this month, more than £100 million has been deposited at post offices. The postmaster and his staff are at your disposal to give you the human certainty that your old notes have been deposited in your bank account and will also present you with a receipt.

Most post offices have been open for a long time, even on Fridays. Old £20 notes expire on 30 September 2022. The £20 and £50 paper notes will be phased out after the introduction of plastic banknotes. The old 20 and 50 pound notes will be redundant from 30 September to combat counterfeit money. The notes, worth more than £19 billion, are still in use, but from October they will no longer be accepted as payment. A Bank of England spokesman previously told The Sun: “Polymer notes are stronger than paper notes and last longer in normal daily use. Yes, old £20 notes are still legal tender. And you can always use those paper notes to make purchases in the moment. Old £20 notes will remain valid until the September 2022 expiry date indicated by the Bank of England. The Bank of England must give up to six months` notice when an old bank is abandoned as a means of payment.

This gives the public a reasonable amount of time to spend their old note before it expires. Keep the note in the light. Check if there is a brilliant “£20” or “£50” at the top of the Queen`s portrait. While the majority of £20 and £50 notes in circulation have been replaced by new polymer versions, more than £6 billion of paper notes are still in circulation with economist Adam Smith and more than £80 billion of £50 billion notes with engineers Boulton and Watt. That`s over 300 million £20 notes and 160 million £50 notes. Footnote [1] If you miss this deadline, the Bank of England has stated that many banks will accept “notes withdrawn as customer deposits”, as will the post office. Paper issues of the £5 note were no longer valid from May 2017, while the £10 note was withdrawn in March 2018. The Bank of England has confirmed that the tender will circulate with the portrait of King Charles in mid-2024, confirming that “Her Majesty`s portrait will appear on the existing designs of the four polymer notes”. However, you will need to complete some paperwork. Full instructions are available on the Bank of England`s website.

The post office is preparing for a rush of “last-minute” customers who will drop off £20 and £50 worth of paper tickets this week before they can no longer be used in shops or to pay businesses. If you are unable to meet this deadline, there is always a way to exchange your old £20 paper. As of Friday, September 30, you will no longer be able to use your old paper tickets. That being said, your money won`t be lost. If you have an old legal tender, such as a paper note worth £5 or £10, you can exchange or deposit it using this method. The £5 and £10 notes have already been completely replaced, with the paper notes of these denominations having been withdrawn in 2017 and 2018 respectively. To send them by post, fill out a postal exchange form and send it with banknotes and photocopies of your identity card and proof of address. Paper notes have been replaced by new polymer notes: the £20 note features JMW Turner and the £50 Alan Turing note. After this date, cafes, bars, shops and restaurants will no longer accept the £20 paper ticket. This is exactly the same day as the old expiry date of the £50 note. The Bank of England must announce up to six months in advance when an old bank will fail.

This gives the audience enough time to transmit their old note before it expires. The note is printed on special paper, which gives it a unique feel. On the front of the note, you may feel increased pressure. For example, in the words “Bank of England” and in the lower right corner around the number “20”. Many banks accept withdrawn notes as customer deposits. Most of the paper notes have been replaced by the new polymer versions printed with the face of the artist J M W Turner. However, there are still paper notes worth around £5 billion, with £20 in circulation. The 20-pound polymer note, launched in February 2020, features artist J.M.W. Turner. If you miss the date of issue or deposit of a £20 paper, don`t worry, you won`t lose.

If you are unable to meet this deadline, there is always a way to exchange your old £20 paper. There is not much time left to use the paper banknotes that are still in circulation. The post office can also accept old paper bills as a deposit into any bank account that you can access at the post office. The Bank of England can deposit the money into a bank account, by cheque or (if you live in the UK and the amount is less than £50) into new banknotes. Paper tickets are currently still valid and can therefore be issued in shops or other places to accept cash. If you have paper notes of 20 or 50 pounds, we recommend that you send them before the 30th century. September 2022 or deposited with your bank or post office. However, you can exchange your old notes for new notes at any time before or after 30 September at the Bank of England. You can still receive paper notes from companies or others until September 30, 2022. Many banks and some post offices accept old £20 notes as a deposit into a bank account. Economist Adam Smith appears on the original £20 note. While the new polymer note features artist JMW Turner.

The romantic artist`s self-portrait was painted in 1799 and is on display at Tate Britain in London. When the paper notes were returned to the Bank of England, they were replaced by the new 20-pound polymer notes with JMW Turner and the 50-pound polymer notes with Alan Turing. Sarah John, Chief Cashier of the Bank of England, said before the date: “The conversion of our banknotes from paper to polymer in recent years has been an important development as it makes them harder to counterfeit and more durable. The majority of paper banknotes have now been withdrawn from circulation, but a significant number remain in the economy, so we ask you to check if you have any at home. For the next 100 days, these can still be used or deposited with your bank as usual. After this date, many UK banks will accept withdrawn notes as customer deposits. Some post offices may also accept withdrawn banknotes as a deposit into a bank account that you can access with them.