Six-month warning over £20 and £50 paper notes (2024)

FAQs

Where can I change old bank notes in 2024? ›

Pay them in at your high street bank or Post Office.

You can also exchange old paper banknotes for the same value in current polymer notes at 30 selected Post Office branches – you can view the full branch list on the Bank of England website. This includes the old paper £5, £10, £20 and £50 notes from the last series.

Old £20 and £50 paper notes stopped being legal tender in the UK on 30 September 2022.

This note replaces our paper £50 note which was withdrawn from circulation after 30 September 2022. You may be able to deposit withdrawn notes at your own bank or with the Post Office. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England.

Is there a limit on the age of banknote I can exchange. No, all Bank of England banknotes are worth their face value for all time, so you can exchange a banknote of any age.

Exchanging old notes

You may be able to deposit withdrawn notes at your own bank or with the Post Office. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England.

To obtain a specific note or coin, we recommend you contact the institution you bank with to see if it will honor your request. Federal Reserve Banks provide currency only to depository institutions, which then distribute it to members of the public. The U.S.

Yes. You can exchange up to £300 of paper banknotes in any £5, £10, £20 and £50 denominations of the last series at participating branches within any two-year period. Our system will let you know if you've reached the £300 limit.

September 30, 2022 was the last day that the Bank's paper £20 and £50 banknotes had legal tender status. You can no longer use those paper notes as payment anymore, however it isn't too late to swap them for new notes.

Notes: (1) Except for the elderly aged 60 and above and persons with disabilities, online pre-booking is required for (i) exchange of new notes at DBS, OCBC, UOB, Standard Chartered Bank (Singapore) and CIMB branches, and (ii) exchange of Fit notes at DBS, OCBC and UOB branches.

What to do with old currency? ›

The Bank of England has announced it will begin circulating bank notes with the image of King Charles III from June 5 this year, 2024. That means that, at some point, notes featuring the image of his mother Queen Elizabeth II will no longer be usable.

You can take your torn or mutilated (damaged) notes to any commercial bank in Singapore where you have a bank account.

No, you do not have to trade in your old-design notes for new ones. All U.S. currency remains legal tender, regardless of when it was issued.