Quick Answer: Can You Still Use Old 20 Pound Notes?

Can you change old 10 notes at the post office?

But banks don’t legally have to keep accepting old money, so it’s worth checking with yours before you head to a branch.

The Post Office may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them..

How do I exchange old 500 notes now?

What should I do if I have currency in Rs 500 and Rs 1,000 notes? You can deposit these notes into your bank accounts or they can be exchanged at bank branches till 30th December 2016. Bank notes of the combined value of Rs 4,000 only can be exchanged. Similar facilities will also be made available at Post Offices.

Do banks accept old notes?

Many major banks will allow you to deposit old notes if you are a customer – Bank of Scotland, Halifax, NatWest, Lloyds, Royal Bank of Scotland, Santander and Ulster Bank have confirmed to us this week that they’re still accepting old fivers and old tenners. Alternatively, you could go to your local Post Office.

Can shops refuse old 20 notes?

The Bank of England has said that unspent, paper, £20 notes are still legal tender. “Don’t worry, you can still use the paper £20 note for now,” the Bank of England’s site reads. The better news is there’s no rush to spend them – with the Bank also promising 6-months notice before they are withdrawn.

Is my new 20 note worth anything?

But the Bank of England has confirmed that not all the early £20 notes are being reserved and some of the rarest AA notes will be released into circulation. AA notes are the most valuable, but anything with an A in it could be worth more than the value of the note itself.

How do I change old 50lb notes?

Anyone who has an old £50 note – which was first issued in April 1994 – can exchange it at any bank, or spend it, by the end of April. Any institution can refuse it after that.

Are 50 pounds old notes still valid?

Exchanging old notes We will issue our new polymer £50 note featuring Alan Turing in 2021. You will be able to use the paper £50 note until we withdraw it from circulation. … Many banks will accept withdrawn notes as deposits from customers.

Where can I exchange torn notes?

These can also be exchanged at the counters of any public sector bank branch, any currency chest branch of a private sector bank or any Issue Office of the RBI without filling any form. To suit public convenience, the exchange facility for mutilated notes is also offered through TLR(Triple Lock Receptacle) covers.

How long can I use old 20 pound notes?

Exchanging old notes On 20 February 2020 we issued a new polymer £20 note. You will still be able to use the paper £20 note until we withdraw it from circulation. We will announce the withdrawal date after we have issued our new polymer £20 note. We will give six months’ notice of this withdrawal date.

How do I get rid of my old 20 pound notes?

The easiest way to get rid of the paper notes is to spend it in a shop or to deposit it at a local bank or building society. Shops will stop accepting notes from the day they officially are withdrawn by the Bank of England.

Can I change old 20 notes at the post office?

How do I exchange my old notes for new ones? … “The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office,” they say. Another method is to exchange the old notes via post with the Bank of England, but “be aware the banknotes are sent at your own risk.”

Can we exchange old notes now?

At your bank If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.