old £20 notes?I h

Cacran

I have only just realised that the £20 notes with Elgar on them are no longer being taken by shops.
What can I do with them? Are banks obliged to take them forever or will they be worthless, if I just hold onto them ?

dunstonh

take them to your bank.

robpw2

banks will change them for you if you take them in to the bank

Cacran

My father has quite a number of them, is there a limit as to what they'll change in one go. Do all banks change them even if you don't have an account with them?

exel1966

Some banks, building societies, and Post Offices may still accept the most recent of the notes withdrawn from circulation for deposit to customer accounts or exchange for current series notes.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.
All Bank of England notes from which legal tender status has been withdrawn remain payable at face value forever at the Bank of England in London. Any such notes may be presented for payment either in person during business hours, or sent to us by post.

Genuine Bank of England notes that have been withdrawn from circulation retain their face value for all time and can be exchanged at the Bank of England in London. There is no fee for this service.
Notes of this type can be exchanged either by post or in person. Notes sent by post are done so at the sender's risk - we would recommend that appropriate measures are taken to insure against loss or theft.

Quoted from www.bankofengland.co.uk