£20 new notes

wazza

Have noticed shops handing out new style £20 notes. When will the old style be phased out?

jonesMUFCforever

This has not yet been decided.
The old and new notes are being used side by side at the moment the banks are not sorting them out just yet.

Most people who have seen one all comment how they look similar to Euros!!!
I do hope this is not an underhand way by the government to get us to get used to these new notes.

Tori_Bellatrix

Had to count £3k worth of old and new £20 notes yesterday and the new £20's look and feel like monopoly money to me ...

newfoundglory

In about 3-4 months the old notes will no longer be "legal tender".

immoral_angeluk

I didn't even know they were bringing out until I went to the bank and it gave me a new one.. I thought I'd been given dodgy money!

manch235ter

Regarding Legal Tender ... did you know that a shop can refuse payment off you , if you try paying for something thats 25p , all in one pence coins?

"

Legal tender has a very narrow and technical meaning in the settlement of debts. It means that a debtor cannot successfully be sued for non-payment if he pays into court in legal tender. It does not mean that any ordinary transaction has to take place in legal tender or only within the amount denominated by the legislation. Both parties are free to agree to accept any form of payment whether legal tender or otherwise according to their wishes. In order to comply with the very strict rules governing an actual legal tender it is necessary, for example, actually to offer the exact amount due because no change can be demanded.

The amounts for legal tender are stated below.

BANK OF ENGLAND NOTES:

In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. However, they are not legal tender in Scotland and Northern Ireland.

COINS:

Circulating Coins are legal tender throughout the United Kingdom for the following amount:


£2 - for any amount

£1 - for any amount

50p - for any amount not exceeding £10

25p (Crown) - for any amount not exceeding £10

20p - for any amount not exceeding £10

10p - for any amount not exceeding £5

5p - for any amount not exceeding £5

2p - for any amount not exceeding 20p

1p - for any amount not exceeding 20p"

Taken from "http://www.royalmint.com/RoyalMint/web/site/Corporate/Corp_british_coinage/LegalTenderGuidelines.asp"

loobyloose

Thats interesting, i often go over the shop and buy stuff and hand over around £5 - £10 in bags of 1p and 2 p's, in fact they're usually greatful as they run out of change. lol

manch235ter

loobyloose wrote: »

Thats interesting, i often go over the shop and buy stuff and hand over around £5 - £10 in bags of 1p and 2 p's, in fact they're usually greatful as they run out of change. lol

I do aswell , but they can actually refuse it . Iv only ever seen one place refuse to serve someone with £4 in 2 pence pieces... Not the cleverest thing to try doing in Mcdonalds at dinner time ! lol

moonrakerz

manch235ter wrote: »

Regarding Legal Tender ...

On this subject - there was an interesting case a while back in Scotland.

A man was in dispute with his local council over a payment, both sides were trying to score points off each other, so when the man offered to pay in hard cash, the Council refused to accept what he offered on the grounds that it was not "legal tender".

The case went to Court where it was ruled that the Council had to accept anything that was generally accepted to be "money".

jonesMUFCforever

newfoundglory wrote: »

In about 3-4 months the old notes will no longer be "legal tender".

Absolute rubbish.

ianian99

Tori_Bellatrix wrote: »

Had to count £3k worth of old and new £20 notes yesterday and the new £20's look and feel like monopoly money to me ...

]

what kind of monopoply money have you got?