The £20 paper will remain legal until September 30, 2022. Details of the money still in circulation or hidden in homes were revealed in a BBC Wales Freedom of Information request. Paper issues of the £5 note were no longer a valid offer in May 2017, while the £10 note was withdrawn in March 2018. The new £20 note is slightly smaller than the paper edition and depicts the British painter JMW Turner. After that date, £20 of paper ceases to be legal tender. Martin Kearsley, director of Post Bank, said: “We are aware that people live busy lives and some may postpone the deposit of their £20 and £50 notes at the last moment. After the deadline of 30 September 2022, you will no longer be able to use Bank of England paper notes in shops or use them to pay businesses. You can also exchange banknotes withdrawn from the Bank of England, including by post. To do this, you must fill out an exchange form for companies or individuals.
It is important to know when the old £20 notes expire, as the Bank of England`s payment date is this year. Download our free training material to check your banknotes. A Bank of England spokesman previously told The Sun: “Polymer banknotes are stronger than paper notes and last longer in normal daily use. To send them by mail, fill out an exchange form and send it with tickets and photocopies of your ID card and proof of address. However, the Bank of England warns that people “should be aware that banknotes are sent at their own risk” and encourages people to “take appropriate measures to insure themselves against loss or theft”. The Bank of England has stated (will open in a new tab) that many banks will still accept “notes withdrawn as customer deposits”, as will the post office. You can also exchange paper notes for the new polymer notes directly at the Bank of England in London. The bank`s chief cashier, Sarah John, said: “The conversion of our banknotes from paper to polymer in recent years has been an important development as it makes them harder to counterfeit and more durable. After September 30, 2022, you will no longer be able to use paper banknotes.
However, the following options remain available: However, the Bank of England warns that people “should be aware that notes are sent at their own risk” and encourages people to “take appropriate measures to insure themselves against loss or theft”. The £20 note was first introduced in 2007 and featured a portrait of Adam Smith, the Scottish economist and philosopher also known as the “father of economics” and the “father of capitalism”. The old 20 and 50 pound notes will be redundant from 30 September to combat counterfeit money. The Bank of England will withdraw the legal tender status of the £20 and £50 notes after 30 September 2022. After this date, companies will no longer accept these tickets as a means of payment. After this date, many UK banks will accept withdrawn notes as customer deposits. Some post offices may also accept withdrawn notes as a deposit into a bank account that you can access with them. Curse your pockets, purses and the back of your couch for your old £20 bills. The Bank of England has been moving towards the use of new plastic notes for many years, and once the old notes officially become invalid, people will no longer be able to issue Bank of England paper notes in shops or use them to pay businesses. We will revoke the status of our £20 and £50 notes after 30 September 2022.
The new 20-pound plastic and polymer bills 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. The new banknotes have advanced security features such as the sea through the window, hologram images, raised dots, ultraviolet numbers, slide spots, embossed printing, and numbers so small that only someone using a magnifying glass can see them. The Bank of England said: “Banknotes are resistant to dirt and moisture and therefore stay in better condition longer. These notes also have touch features that allow blind and visually impaired people to use them. The Bank of England also points out that many banks will continue to accept old banknotes as deposits, while the post office can also accept them into any bank account you can access. Go to your local branch to drop off the old £20 note. Polymer grades are more environmentally friendly and should last about two and a half times longer than their paper cousins. It`s been over two years since the £20 polymer came into circulation in the UK, but you may still have some of the old paper notes.
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 less than £50) into new banknotes. 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. Head Cashier Sarah John 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. However, you can exchange your old notes for new notes at any time before or after 30 September at the Bank of England. This corresponds to more than 300 million individual £20 notes and 160 million £50 notes. Until then, you can still use the old £20 notes as they are accepted as legal tender. It came out with the old and with the new in 2022, with the old £20 note and the old expiry date of the £50 note (opens in a new tab) taking place in 2022. The Bank of England is withdrawing paper notes from circulation after the publication of the new £20 and £50 notes (opens in a new window) in 2020 and 2021. This means that you have to spend or exchange them before the end date, otherwise you won`t be able to use them as legal tender. Tomorrow, these paper tickets will no longer be legal tender and they will not be accepted in stores. After that date, the £20 paper ceased to be legal tender. The post office can also accept old paper bills as a deposit into any bank account that you can access at the post office.
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 less than £50) into new banknotes. Paper tickets are currently still valid and can therefore be issued in shops or other places to accept cash. If you have paper notes of 20 or 50 pounds, we recommend that you send them before the 30th century. September 2022 or deposited with your bank or post office. However, you can exchange your old notes for new notes at any time before or after 30 September at the Bank of England. You can still receive paper notes from companies or others until September 30, 2022. This is the last week that our paper banknotes can still be used. The new banknotes are made of polymer, making them more durable, easier to clean and less vulnerable to fraud. They were arrested on 20 September. February 2020 and are slightly smaller than older versions. The old version of the 1-pound coin can still be deposited in major banks – but should not be spent in stores.
Swiss Post accepts withdrawn banknotes as a deposit in any bank account. Go to your local branch to drop off the old £20 note. “Many banks accept withdrawn notes as customer deposits. Paper notes have been replaced by new polymer notes: the £20 note features JMW Turner and the £50 Alan Turing note. You can still receive paper notes from companies or others until September 30, 2022. Focus on these important security features to confirm that a £20 or £50 note is genuine: the revision period means that as of Saturday, October 1, you will no longer be able to use the £20 notes to purchase products. Many banks and some post offices accept old £20 notes as a deposit into a bank account. Friday is the last day The Bank of England`s old-fashioned banknotes become legal tender after being replaced by polymer versions What can you do with your old notes? Here`s everything you need to know. Economist Adam Smith appears on the original £20 note. While the new polymer note features artist JMW Turner. The romantic artist`s self-portrait was painted in 1799 and is on display at Tate Britain in London.
September 30, 2022 is the last day you can use our £20 and £50 paper tickets. So far this month, more than £100 million has been deposited at post offices. The postmaster and his staff are at your disposal to give you the human certainty that your old notes have been deposited in your bank account and will also present you with a receipt. Most post offices have been open for a long time, even on Fridays. Old £20 notes expire on 30 September 2022. Paper notes worth £20 and £50 will no longer be put into circulation on Wednesday, September 30, 2022. Economist Adam Smith appears on the original £20 note. While the new polymer note features artist JMW Turner. The romantic artist`s self-portrait was painted in 1799 and is on display at Tate Britain in London. Send it with your banknotes and photocopies of your ID card (photo ID and proof of address) for each exchange to Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH.
If you want to exchange old banknotes, visit the Bank of England website for more information.