New polymer £50 note to be launched - MSE News 15 October 2018 at 11:12AM in Budgeting & bank accounts 35 replies 4.9K views

Former_MSE_Naomi

The £50 note will stay part of UK currency with a new polymer design, the Treasury has announced...

Read the full story:
'New polymer £50 note to be launched'

Click reply below to discuss. If you haven’t already, join the forum to reply.

Wacko18

Hi, does anybody know in which month in 2020 that the new £20 note is being released?

eDicky

The only problem is that they soon start withdrawing use of the old notes, unlike other currencies or even Scottish and NI sterling notes which remain valid for use.

20aday

I'm basing this solely on previous note changes but I suspect it'll be early 2020 with the John Houblon series withdrawn from circulation in either April or May.

Wacko18

OK thanks. If they are withdrawn from circlation April or may, do you then have 6 months to use the old £20 notes up?. I think that's what happened when they changed the old £10 notes over but I'm not sure.

jonesMUFCforever

Banks will still accept old notes for customers.

Dean000000

Awesome.....a new way of making people that use £50’s to be made to feel like criminals when trying to spend them

Sorry love, we don’t take 50’s...

Robisere

I cannot see the point of a £50 note. I have never used one for many years and have no expectation of ever using one. If I was offered one in any transaction, I would refuse and ask for £10 + 2x £20 notes. Which may never happen anyway, because the greatest part of transactions I make now are cashless. I have had £30 in my wallet for about 6 weeks now, although I do keep a little change for parking and the very few shops that still use cash, and the local markets.

Having said that, two of the local market stalls have gone cashless, using a WiFi gadget: 3 of the last 5 "cash only" shops in my lovely old market town have gone contactless. I expect the £30 to go from my wallet when my gson gets around to doing some work he promised to carry out when he can. I think it is inevitable that cash will slowly become a thing of the past. So what is the point of a £50 note? That is a genuine question: I am honestly puzzled.

JuicyJesus

I'm just glad I don't work in a bank any more and so won't have to field the millions of people with lots of mattress-dwelling £50 notes who want them changed into new ones.

Fingerbobs

I can remember only two occasions in my entire life when I've actually seen a physical £50 note, and both occasions were decades ago. I've never been the custodian of one myself.

I think banks will accept any old currency almost indefinitely. I still find the occasional old pound coin, and haven't had any problems exchanging them at the bank yet.

Chino

Robisere wrote: »

I cannot see the point of a £50 note. I have never used one for many years and have no expectation of ever using one.

I suspect there are many things in this world that you neither use nor see the point of. Just because you have no need for something, that doesn't mean there is no need for it.