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Last Date when the paper £50 and £20 notes can be used

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aayush
aayush Posts: 1,295 Forumite
Part of the Furniture 500 Posts Name Dropper
edited 10 December 2021 at 11:52AM in Budgeting & bank accounts
HI Can I ask What is the last date the above can be used as seen on Tik Tok the say end of this month has government changed the date and not advised the general public
Await your resposne 
«1

Comments

  • Alter_ego
    Alter_ego Posts: 3,842 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    They will never expire completely. You will be able to exchange them at BOE. They still accept white fivers.
    I am not a cat (But my friend is)
  • aayush said:
    has government changed the date and not advised the general public
    No.  
       
      
  • I lost interest when I read TikTok!
  • WillPS
    WillPS Posts: 5,122 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    If you're at all concerned, why not just bank any which have at your nearest branch or Post Office? Not a stellar idea to be sitting on piles of cash.
  • fenwick458
    fenwick458 Posts: 1,522 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I was trying to spend a paper £20 a few weeks ago in a shop and the woman was adamant that they had stopped accepting them and wouldn't take it at first. After I insisted, she then proceeded to look it up in an attempt to prove me wrong ,on facebook of all places, as she told me that where originally found out that they had stopped taking them. it was taking a long time and I said why don't you just google it, and she did and then finally accepted the old £20!
    and to answer the question, 30th Sept 2022 is when shops will stop accepting them. after that you need to take them to a bank
  • lr1277
    lr1277 Posts: 2,136 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    My reading of the bank of England website is that the polymer notes aren't slated to be withdrawn from circulation. Or have I misunderstood the intent of the original post and/or the bank of England website?
  • MDMD
    MDMD Posts: 1,552 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    lr1277 said:
    My reading of the bank of England website is that the polymer notes aren't slated to be withdrawn from circulation. Or have I misunderstood the intent of the original post and/or the bank of England website?
    The post is about paper notes
  • Even if it was past the date, most banks will still allow them to be deposited into your account so isn't the end of the world if you don't spend them.
  • I was trying to spend a paper £20 a few weeks ago in a shop and the woman was adamant that they had stopped accepting them and wouldn't take it at first. After I insisted, she then proceeded to look it up in an attempt to prove me wrong ,on facebook of all places, as she told me that where originally found out that they had stopped taking them. it was taking a long time and I said why don't you just google it, and she did and then finally accepted the old £20!
    and to answer the question, 30th Sept 2022 is when shops will stop accepting them. after that you need to take them to a bank
    I was with a mate a few weeks ago who was trying to pay with a paper £20 note and was told "no longer accepted" obviously this is not true as they are valid until end of September next year but my mate didn't put up a fight. If a retailer doesn't want to accept them then they don't.
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