After this date, many UK banks will accept withdrawn notes as customer deposits. Some post offices may also accept withdrawn banknotes as a deposit into a bank account that you can access with them. (The following central post offices in London exchange British banknotes: Golders Green, High Holborn, Moorgate, City of London and Regent Street St. James) To exchange old banknotes after the deadline, you can mail them to the Bank of England. Today (Friday 30 September 2022) is the last day that the old £20 and £50 notes can be used. You can also exchange your old £20 and £50 notes for crispy new notes at the Bank of England itself: head to the Bank of England counter on Threadneedle Street in London, open Monday to Friday from 9.30am to 3pm. Paper issues of the £5 note were no longer valid in May 2017, while the £10 note was withdrawn in March 2018.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 £5 or £10 paper note, you can exchange or deposit it using this method. Swiss Post accepts withdrawn banknotes as a deposit in any bank account. Go to your local branch to drop off the old £20 note. 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. A Bank of England spokesman previously told The Sun: „Polymer notes are stronger than paper notes and last longer in normal daily use. If you want to exchange old banknotes, visit the Bank of England website for more information. 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”. In March, Sarah John, chief cashier at the Bank of England, said: „In recent years we have replaced our paper banknotes with polymer because these designs are harder to counterfeit and at the same time more durable.” 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. September 30, 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. Paper tickets are currently still valid and can be issued in shops or other places where cash is accepted.
The new 20-pound plastic and polymer banknotes feature a new iconic image, as well as enhanced security features to prevent fraudulent activity. It has already been described as „the safest banknote yet” because the new security features include a hologram and a transparent window – two features that are difficult to copy exactly. The £20 and £50 paper notes will be phased out after the introduction of plastic banknotes. The Bank of England said: „Banknotes are resistant to dirt and moisture and therefore stay in better condition longer. These notes also have tactile features that allow blind and partially sighted people to use them. Paper issues of the £5 note were no longer a valid offer in May 2017, while the £10 note was withdrawn in March 2018.