When does the old £20 note cease?

wazza

When does the old style £20 note cease to be a legal tender? I heard that it will not be a legal tender by end of June 2010.

How does one change a large amount? Would the banks exchange them or do you have to put them into your account?

KeithP

30 June 2010

This Bank of England webpage will help.

So you have three months to spend them.

paulofessex

wazza wrote: »

When does the old style £20 note cease to be a legal tender? I heard that it will not be a legal tender by end of June 2010.

How does one change a large amount? Would the banks exchange them or do you have to put them into your account?

Trust me when l say that they ceased to be legal tender yesterday and l have been tasked with the boring job of collecting as many out of date notes that l can, so if you can send them to me at....................


:):)

Old_Wrinkly

wazza wrote: »

When does the old style £20 note cease to be a legal tender? I heard that it will not be a legal tender by end of June 2010.

How does one change a large amount? Would the banks exchange them or do you have to put them into your account?

How large an amount are we talking about? hundreds? thousands? millions?

wazza

Old_Wrinkly wrote: »

How large an amount are we talking about? hundreds? thousands? millions?

billions :D

wazza

Old_Wrinkly wrote: »

How large an amount are we talking about? hundreds? thousands? millions?

the thing is my mum and others keep a small amount at home for 'raining days' and i want to tell them to check if they have old notes change them now.

i have checked my stash and i have a few which a local shop exchanged

wazza

While going through my filing cabinet i found an envelope containing £200 in old £20 notes. (Envelope which i misplaced over a year ago).

Looking at the Bank of England i can either visit the branch (3hr+ journey) or post the old notes to exchange for new £20 notes.

Is there any other bank like Halifax etc that would exchange the notes?

Am thinking of sending money in several enevelopes if not one. Was wondering how much can be insured in one envelope.

Esqui

On the Bank of England site:

Some banks, building societies, and Post Offices may still accept the most recent of the notes withdrawn from circulation for deposit to customer accounts or exchange for current series notes. However, agreeing to exchange these notes is at the discretion of the individual institution.

So it's worth asking there. I really wouldn't risk sending cash in the post.

wealdroam

wazza wrote: »

Am thinking of sending money in several enevelopes if not one. Was wondering how much can be insured in one envelope.

You can use Special Delivery for the amount you want to send.

Will cost less than £10. Insured upto £2500.

ftp://ftp.royalmail.com/Downloads/public/ctf/rm/Tariff_Poster_UK_2010.pdf

But as mentioned above, try your bank first.

wazza

wealdroam wrote: »

You can use Special Delivery for the amount you want to send.

Will cost less than £10. Insured upto £2500.

ftp://ftp.royalmail.com/Downloads/public/ctf/rm/Tariff_Poster_UK_2010.pdf

But as mentioned above, try your bank first.

Thanks for the info. Had trouble finding the info on their website.

Gorgeous_George

Try your bank - I paid some into mine in September 2010.

The Bank of England will ALWAYS honour the notes at face value (link).

GG