We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Can I still exchange old sterling notes?

Options
Hi,

Does anybody know if and where I can exchange old notes?? I know that Bank of England still exchange them, but for me is too much hassle to go to London. What about other banks? Any ideas? Thanks for you help :)

Comments

  • lucky77
    lucky77 Posts: 217 Forumite
    Part of the Furniture 100 Posts
    I had no problem paying in some old notes at Lloyds Bank last year.
  • I know about last year. Has anybody exchanged them recently??
  • shortcrust
    shortcrust Posts: 2,697 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker Newshound!
    Don't forget that depending on age and condition they may be worth more than face value to collectors.
  • nidO
    nidO Posts: 847 Forumite
    Whether your local bank takes them depends on which bank you're using and is largely at their discretion.
    If not, you can change old notes with the Bank of England directly by post. Sending in notes by post is at your risk obviously. They'll pay you via BACS.
  • That is interesting. How to check if they are worthy more?
  • shortcrust
    shortcrust Posts: 2,697 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker Newshound!
    aril85 wrote: »
    That is interesting. How to check if they are worthy more?

    Have a look on ebay - they have loads of banknotes for sale so you can get an idea from that. Even current banknotes can be valuable, for example if they've got very low serial numbers.

    Who's on the back of the notes and what condition are they in?
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    What notes are they?

    If they are the old £20 notes like this one

    elgar--20-note-001.jpg

    or the £10...

    blog_ten_pound_note_small.jpg

    or £50

    Houblon_2894797b.jpg


    they can be cashed in any bank, just pay in with your bank card and withdraw out in new notes if you wish...
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • Thank you :) that was really helpful :)
  • 20aday
    20aday Posts: 2,610 Forumite
    Ninth Anniversary 1,000 Posts Combo Breaker PPI Party Pooper
    Westie983 wrote: »
    What notes are they?

    If they are the old £20 notes like this one

    elgar--20-note-001.jpg

    or the £10...

    blog_ten_pound_note_small.jpg

    or £50

    Houblon_2894797b.jpg


    they can be cashed in any bank, just pay in with your bank card and withdraw out in new notes if you wish...

    Ah Sir Edward Elgar and Charles Darwin... I feel even older when I can remember the ones before that were: £5 and George Stephenson with his Locomotive, £10 and Charles Dickens with a scene from the 'Pickwick Papers' and £20 with Michael Faraday conducting an experiment :(
    It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.