When Does the Old £20 Stop Being Legal Tender

Many banks and some post offices accept old £20 notes as a deposit into a bank account. The £20 paper will remain legal until September 30, 2022. All polymer banknotes bearing a portrait of Her Majesty Queen Elizabeth II are legal tender and may continue to be used by the public as usual. A further announcement regarding the Bank of England`s existing banknotes will be made once the time of royal mourning has been observed. Read your pockets, wallets and the back of your sofa for your old £20 bills. Today (Friday 30 September 2022) is the last day that the old £20 and £50 notes can be used. In March, Sarah John, chief cashier at the Bank of England, said: „In recent years we have replaced our paper banknotes with polymer because these designs are harder to counterfeit and at the same time more durable.” Swiss Post accepts withdrawn banknotes as a deposit in any bank account. Go to your local branch to drop off the old £20 note. Current banknotes bearing the portrait of Her Majesty Queen Elizabeth II are legal tender and will not be withdrawn from circulation until they are worn or damaged. They will circulate with those of King Charles III.

If you are unable to meet this deadline, there is always a way to exchange your old £20 paper. If you have an old legal tender, such as £5 or £10 notes, you can exchange or deposit them using this method. All Bank of England polymer banknotes will be available for sale after March 30. It will be used as legal tender in the UK. If that`s not enough information, here`s everything you need to know about the 20-pound polymer bill. The GBP 20 and GBP 50 notes will cease to be legal tender after 30 September 2022. We will withdraw legal tender status from our £20 and £50 paper notes after 30 September 2022. Also in circulation are 105 million pounds of old one-pound coins, five years after losing their tender status, according to the Royal Mint. Her Majesty`s portrait will appear on the existing designs of the four polymer banknotes (£5, £10, £20 and £50).

This will be a continuation of the current series of polymers and no further changes will be made to the banknote design. „Many of these paper notes have now been returned to us and replaced with the £20 polymer with artist J.M.W. Turner and the £50 polymer replaced by scientist Alan Turing. However, if the public still has one of these paper notes in their possession, they should deposit or issue it while they can. „Keep the note in the light. Check if there is a brilliant „£20” or „£50” at the top of the Queen`s portrait. When the paper notes were returned to the Bank of England, they were replaced by the new 20-pound polymer notes with JMW Turner and the 50-pound polymer notes with Alan Turing. It is important to know when the old £20 notes expire as the Bank of England`s payment date falls this year. 20-pound notes made of waste paper expire on September 30, 2022. After this date, cafes, bars, shops and restaurants will no longer accept the £20 paper ticket. In particular, it is the same day as the expiry date of the old £50 note.

Old £20 and £50 notes will expire in September 2022 If you have paper £20 or £50 notes, we recommend using them before 30 September 2022 or depositing them at your bank or post office. The new 20-pound plastic and polymer banknotes feature a new iconic image, as well as enhanced security features to prevent fraudulent activity. It has already been described as „the safest banknote yet” because the new security features include a hologram and a transparent window – two features that are difficult to copy exactly. Details on the website read: „On February 20, 2020, we issued a new £20 polymer note. In addition to improved security measures, new £20 notes can be „animated” with a new Snapchat feature. That`s over 250 million individual £20 notes and over 110 million £50 notes. The 20-pound polymer note entered circulation on February 20, 2020. The Bank of England must give up to six months` notice when an old bank is abandoned as a means of payment. This gives the public a reasonable amount of time to spend their old note before it expires. The polymer will replace the £20 note on which economist Adam Smith can be seen. The new £20 note is slightly smaller than the paper edition and depicts the British painter JMW Turner.

ANYONE with £20 paper notes has only a few days left to spend them. Until then, you can still use the old £20 notes as they are accepted as legal tender. The 20-pound polymer note depicts the romantic painter JMW Turner. The 20-pound polymer note, launched in February 2020, features artist J.M.W. Turner. Yes, old £20 notes are still legal tender. And you can always use those paper notes to make purchases in the moment. Old £20 notes will remain valid until the September 2022 expiry date indicated by the Bank of England. The £5 and £10 notes have already been completely replaced, with the paper notes of these denominations having been withdrawn in 2017 and 2018 respectively.