Old Paper £20 Notes

refluxer

isayhello said:

Thanks, I'd read that I would have to send them to BoE to get new £10 notes but I wasn't sure if some high street banks would still accept.

I've paid withdrawn £5, £10 and even the older £20 notes (from 2010) into my Barclays account via a local branch on a couple of occasions in the last few years without any problems at all, so it's definitely worth checking with your bank before you start posting notes off.

Blackavar

IanManc said:

Blackavar said:

Had a bit of a clear out and found a box of 'emergency money' I put aside many years ago - only £300 but I guess worth a bit more back then. I took these old paper notes to a couple of local banks and no interest without an account. So I went a few more miles to my bank and no problem - exchanged, and into my account. Had a bit of a chat about this and the wording 'Promise to pay the bearer ...etc' makes the notes actual currency forever unless the wording is revoked.

The wording means that the Bank of England will exchange the notes for ones that are currently in circulation for ever.

It does not mean that the notes are "actual currency for ever unless the wording is revoked".

The notes stop being currency when they are withdrawn from circulation.

Yes, agreed. That's what I meant. Poor wording on my part. Extended clear out currently underway

NedS

GaleSF63 said:

IanManc said:

pokora said:

Old 20 and 50£ notes still legal tender, they shouldn't refuse to take it.

Yes, the paper £20 and £50 notes are still legal tender until 30 September 2022, as Adyinvestment has already said:

One year left to spend your paper £20 and £50 banknotes | Bank of England

£15 billion worth of paper £50 notes still in circulation, and I've never seen one!
(I have seen a £100 note though.)

I doubt most are 'in circulation' as you or I would understand the term. More likely stashed somewhere, most likely for not totally legal reasons.

Halabala9

Hi Everyone,

Just want to double check. I just found 5x 20 paper notes but I am currently abroad, so won`t be able to use them by the end of next week deadline. From what I found, even after 30.09 I will still be able to exchange them anyway so I don`t have to worry about it? 

https://www.bankofengland.co.uk/banknotes/exchanging-old-banknotes

Cheers

Bobbobbobingalong

Even if no longer circulating, bank notes (Bank of England) never lose their value so you will be able to exchange at your bank or simply bank them.