How long can I use old 20 pound notes?

Paper £20 notes go out of circulation on Wednesday, September 30, 2022. Until then, you can still use the old £20 notes as they are accepted as legal tender. If you’re looking to exchange any old notes, The Bank of England website has further information.

How do I get rid of my old 20 pound notes?

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 The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Do banks take old notes?

Although the older notes cannot be used as legal tender, the Bank of England will accept them. A spokesperson told the BBC : “All genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time.”

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 you still use old 20 notes 2021?

Are old £20 notes still legal tender? Yes, old £20 notes ares still legal tender. And you can continue to use these paper notes to make purchases at the moment. The old £20 notes will stay valid until the September 2022 expiry date given by the Bank of England.

Can you still use old 20 notes in shops?

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.

Will banks still take old 20 notes?

The old £20 notes will stay valid until the September 2022 expiry date given by the Bank of England. You can also exchange the paper notes for the new polymer ones directly at the Bank of England based in London.

Can you still use an old 20 pound note?

The old £20 notes will stay valid until the September 2022 expiry date given by the Bank of England. The Bank of England have said that many banks will still accept the “withdrawn notes as deposits from customers” and so will the Post Office.

Is the old 20 still in circulation?

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.

Are the old 20 legal tender?

Can I use old 20 notes in shops?

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.

Can I still use paper 20 notes?

Yes, old £20 notes ares still legal tender. And you can continue to use these paper notes to make purchases at the moment. The old £20 notes will stay valid until the September 2022 expiry date given by the Bank of England.

How long is the old £20 note valid for?

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. The Bank of England have said that many banks will still accept the “withdrawn notes as deposits from customers” and so will the Post Office.

How long does it take for a note to expire?

Once a note of any denomination is replaced it ceases to be legal tender after a specified time usually about 6 months. After that you can’t spend it BUT you can get it changed in a Bank. Depending on how long it has been out of circulation, it may be sent away for checking before they change it.

Where can I exchange my old £20 note?

You can exchange notes at the Bank of England (Picture: Getty) If you’re looking to exchange any old notes, The Bank of England website has further information. Details on the site read: ‘On 20 February 2020 we issued a new polymer £20 note. ‘Many banks will accept withdrawn notes as deposits from customers.

How can you tell if a note has 20 on it?

Look at the front of the note under a good-quality ultraviolet light, to see the number 20 appear in bright red and green. You will also see randomly spread bright red and green flecks on both the front and back of the note. The rest of the note appears dull in contrast.