Cash notes of £20 and £50 are no longer legal tender after 30 September 2022. Please note that tickets are sent at your own risk. Therefore, please take appropriate measures to insure yourself against loss or theft. The Bank of England will always exchange the old paper notes so that people who missed the deadline are not left out of their pockets. The Bank of England counter on Threadneedle Street, London, EC2R 8AH is currently open Monday to Friday from 9.30am to 3pm. It is closed on weekends and public holidays. If you do not need your tickets immediately, we recommend that you send your tickets by mail. 30 September 2022 was the last day our £20 and £50 paper banknotes were used for retail. However, there is no need to worry as withdrawn banknotes can be exchanged for new banknotes at the Bank of England at any time after that date. The old £20 notes expire on 30 September 2022. After this date, cafes, bars, shops and restaurants will no longer accept the £20 paper bill. This is precisely the same day as the old expiry date of the £50 note.
After this date, £20 paper is no longer legal tender. Tomorrow, these paper tickets will no longer be legal tender and will no longer be accepted in stores. The Bank will inform you of the information you are required to provide given the circumstances of your exchange. Before the end of the exchange, you may be asked to provide additional information or proof proving the origin of the tickets. For example, if the money is part of an estate, you will need to provide copies of the death certificate, will, or estate. We will not be able to handle the exchange until we have all the information we need and you should allow time to conduct our reviews. A Bank of England spokesman had previously told The Sun: “Polymer banknotes are stronger than paper notes and last longer in normal daily use. To exchange old banknotes after the deadline, you can mail them to the Bank of England. We collect your personal data in order to evaluate your ticket request (in a manner consistent with applicable laws and regulations, including anti-money laundering regulations) and to enable us to refund you the face value of your tickets.
Without this data, we will not be able to process your application. This is necessary for the performance of a task carried out in the public interest or in the exercise of our official authority as the Central Bank of the United Kingdom. To exchange your tickets by mail, please complete the Ticket Exchange Request Form and send it to us with copies of your photo ID and proof of address. The £20 paper will remain legal tender until 30 September 2022. If you miss this deadline, the Bank of England has said that many banks will accept “notes withdrawn as customer deposits”, just like the post office. The old £20 and £50 notes will expire in September 2022 The paper notes have been replaced by new polymer notes: the £20 note includes JMW Turner and the £50 note with Alan Turing. The 5- and 10-pound notes have already been completely replaced, with the paper notes in these denominations being withdrawn in 2017 and 2018, respectively. Focus on these two main security features to confirm that your tickets are genuine: the £20 and £50 paper banknotes will expire after the introduction of the plastic banknotes.
The Bank of England will continue to exchange the old banknotes for their face value, but people are warned to use the 775 million paper notes before September 30, 2022. To send them by mail, fill out an exchange form and send it with the tickets and photocopies of your identity card and proof of address. If you can`t meet this deadline, there`s always a way to exchange your old £20 paper. We can store your tickets to carry out additional checks if necessary. Many of these paper notes have now been returned to us and replaced by the £20 polymer with artist J.M.W. Turner and the £50 polymer with scientist Alan Turing. However, if the public still has one of these paper notes in their possession, they should deposit or issue it for as long as they can. “Damn your pockets, purses and the back of your couch for your old £20 bills. If you have a bank account in the UK, the easiest and fastest way to exchange your banknotes is usually to deposit them at your bank.
To find out which of our tickets have been collected, please read our guide You can exchange the collected tickets with us at any time by mail. There is an alternation of images of Adam Smith along the strip of aluminum foil. The position of slide patches may vary in notes. To the right of the head cashier`s signature, the number “20” is engraved on the aluminum foil strip. ANYONE with £20 paper notes has only a few days left to spend them. Yes, old £20 notes are still legal tender. And you can still use those paper notes to make purchases for now. The old £20 notes will remain valid until the expiry date specified by the Bank of England in September 2022. If you exchange the tickets on behalf of another person, you must provide us with an original lawyer`s letter signed by the owner telling you and how they wish to be paid. You must provide two pieces of identification for you and the ticket owner.
The Bank of England must announce up to six months in advance when an old bank will go bankrupt as a tender. This gives the audience enough time to pass their old note before it expires. Before the end of the exchange, you may be asked to provide additional information or proof proving the origin of the tickets. If the money is part of an estate, you must provide copies of the death certificate, will or grant of the estate. 105 million pounds of old one-pound coins are also in circulation, five years after losing their tender status, according to the Royal Mint. Additional security measures are currently in place and access is only allowed for the person exchanging tickets, we will ask members of your group or family to wait outside the building. Your bags will be searched and we ask that liquids, bicycles, scooters and motorcycle or bicycle helmets not be brought into the building. The Bank of England can deposit the money into a bank account, by cheque or (if you live in the UK and the amount is worth less than £50) in new banknotes. The old version of the 1-pound coin can also be deposited with high-street banks – but should not be issued in stores.
Many banks and some post offices accept the old £20 notes as a deposit into a bank account. However, you can exchange your old banknotes for new notes at the Bank of England at any time before or after 30 September. If you do not need your tickets immediately, we recommend that you send your tickets by mail. Please click on the options below to find out how to deposit or exchange your withdrawn tickets. Details of the money still in circulation or hidden in the houses were revealed in a BBC Wales access to information request. If you have old legal tender, such as a £5 or £10 paper note, you can exchange or deposit it using this method. The old 20 and 50 pound notes will be superfluous from 30 September to take action against counterfeit money. You can also exchange paper notes for new polymer notes at face value directly at the London-based Bank of England. There is not much time left to use the paper notes that are still in circulation.
Swiss Post can accept withdrawn banknotes as a deposit to any bank account you can access with them. More than £19 billion worth of banknotes are still in use, but from October they will no longer be accepted as a means of payment.