Changing current £20 notes
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Why not just put the £1000 in the bank.... What is the OP gonna do with £1000 in £50 notes anyway, Maybe come to Scotland and get £100 notes they look even better! Weird way of saving.0
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Smaller value notes are much more useful - you can't rely on shops to have change for high value notes - or be willing to give away a lot of change if more customers than usual are using cash.
We have mostly £5s and £10s plus a bag of coins.
If you re-read my post you'd see that I was talking about what I do when travelling abroad.
I have a (small) stash of £50 notes because they don't take up much space and can be easily secreted on my person and two or three £50 will give a fair amount of local currency should it be needed..... when changed at a local money changer.
I'm not talking about using £50 in shops in the UK.0 -
How would twenty £50s be more convenient than fifty £20s?!
When I'm travelling in SE Asia I have a (small) stash of £50 notes because they don't take up much space and can be easily secreted on my person and two or three £50's will give a fair amount of local currency should it be needed..... when changed at a local money changer.0 -
When I'm travelling in SE Asia I have a (small) stash of £50 notes because they don't take up much space and can be easily secreted on my person and two or three £50's will give a fair amount of local currency should it be needed..... when changed at a local money changer.£50 notes are useful to take away with you abroad (particularly in developing countries) if you intend to use local money changers........ Also they make a convenient emergency cash stash in case of ATM card problems etc.0
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If you re-read my post you'd see that I was talking about what I do when travelling abroad.
I have a (small) stash of £50 notes because they don't take up much space and can be easily secreted on my person and two or three £50 will give a fair amount of local currency should it be needed..... when changed at a local money changer.
I'm not talking about using £50 in shops in the UK.
To be fair your OP doesn't mention about traveling at all, just that you wish to get £1000 in £50, and wish to know if you have to pay them in or not.
Many have given you answers, including myself and at least one other poster whom works in a bank. £50 being taken abroad is common as its customers asking for new £50 to be taken to countries like Thailand, but ordering in and processing transactions still follow the same practice of paying in notes and withdrawing out again in the denominations required.
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To be fair your OP doesn't mention about traveling at all, just that you wish to get £1000 in £50, and wish to know if you have to pay them in or not.
Many have given you answers, including myself and at least one other poster whom works in a bank. £50 being taken abroad is common as its customers asking for new £50 to be taken to countries like Thailand, but ordering in and processing transactions still follow the same practice of paying in notes and withdrawing out again in the denominations required.
Westie983
I'm not the OP (I merely gave an example why someone may want a bundle of £50 notes).0 -
As well as the obvious advantages of the £50 note when traveling, for compactness and their often slightly higher value on exchange, I can also understand the preference for a more compact stash of fifties rather than twenties at home, in case of emergency. I certainly wouldn't want to be without one. However these days it's a forlorn hope that any bank will do a straight swap across the counter without putting it through an account.Evolution, not revolution0
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Paper bank notes are 0.113mm thick, polymer ones 0.11mm
50 x £20 = 5.65mm (50x new polymer 5.5mm)
20 x £50 = 2.26mm
I don't see 5mm as overly cumbersome, but his bank should be able to exchange - best place to ask is his bank - though I fully expect them to check every single individual note and give a suspicious glance every so often :rotfl:0 -
Nobody in the UK has a problem with £50s when paying an amount over say £35.
£20s are often dirty and £50s are more likely to be clean.
£50s can be exchanged for slightly more than the same amount of £20s in Thailand, Indonesia, Vietnam etc.
In my experience UK bank staff don't have a problem with swapping around £100 without going through an account, but any more and they will insist. HSBC seems to be the easiest as all their cash is in a till in front of them.I fully expect them to check every single individual note and give a suspicious glance every so often :rotfl:
Lloyds, Halifax and TSB just put banknotes through the machine now, so they don't need to bother checking unless the machine rejects some.0
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