Today (Friday 30 September 2022) is the last day that the old £20 and £50 notes can be used. Although the majority of £20 and £50 paper notes in circulation have been replaced by new polymer versions, there are still more than £5 billion of £20 worth of paper and nearly £6 billion of £50 paper. To send them by post, fill out a postal exchange form and send it with banknotes and photocopies of your identity card and proof of address. If you miss this deadline, the Bank of England has said that many banks will accept “notes withdrawn as customer deposits”, as will the post office. The £50 paper and polymer banknotes are both in circulation and are currently legal tender. But you need to make sure you spend your £50 paper ticket now before the expiry date. Old £20 and £50 notes will be issued from 30 September. September to take action against counterfeit money. You can also exchange paper notes at face value directly at the London-based Bank of England for the new polymer notes. 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. 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.

This will officially be the last day you can use your old £50 notes in shops, pubs and restaurants. The new £50 note (opens in a new tab) features British World War 2 codebreaker and scientist Alan Turing as an iconic figurehead alongside the Queen. It was published earlier this year, in June 2021, to celebrate the mathematician`s 109th birthday. The banknote is made of plastic, making it harder to tear and more durable for long-term use. State-of-the-art security features have also been added to prevent fraudulent use. Also in circulation are 105 million pounds of old one-pound coins, five years after losing their tender status, according to the Royal Mint. Paper notes have been replaced by new polymer notes: the £20 note features JMW Turner and the £50 Alan Turing note. Old paper and non-plastic notes will no longer be usable from September 30, 2022, according to the Bank of England. While the majority of the £20 and £50 notes in circulation have been replaced by new polymer versions, there are still more than £6 billion of notes in circulation with economist Adam Smith and more than £8 billion of £50 notes with entrepreneur Matthew Boulton and engineer James Watt.

Old-fashioned banknotes must be issued or deposited with a bank before the end of September. Another announcement regarding the existing Bank of England notes will be made once the time of royal mourning has been observed. Cashiers at the Bank of England`s central branch on Threadneedle Street in London are happy to replace the old £50 notes. The Bank of England said: “Banknotes are resistant to dirt and moisture and therefore stay in better condition longer. These banknotes also have tactile features that allow blind and partially sighted people to use them. The £5 and £10 notes have already been completely replaced, with paper notes from these denominations withdrawn in 2017 and 2018, respectively. All Bank of England polymer banknotes can be used as legal tender in the UK after 30 September. Read your pockets, wallets and the back of your sofa for your old £20 bills. So far this month, more than £100 million worth of banknotes have been deposited at post offices. To exchange old banknotes after the deadline, you can mail them to the Bank of England.

After September 30, only our polymer banknotes will be legal tender. Martin Kearsley, director of the Post bank, said: “We are fully aware that people live busy lives and that some may postpone the deposit of their £20 and £50 notes at the last minute. 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 will continue to exchange the old notes for face value, but people are warned to use the 775 million paper notes before September 30, 2022. This expiry date also applies to the old £20 banknotes, which were replaced by the new polymer note in 2020. Although old 50-pound bills officially expire at the end of September, you can exchange your paper for a new polymer after that date. The notes, worth more than £19 billion, are still in use, but from October they will no longer be accepted as payment. The £20 paper will remain legal until September 30, 2022. The Bank of England will always exchange old paper notes so that people who missed the deadline are not out of their pockets. The last day on which the tickets are legal tender is 30 September. 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.

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 paper note is genuine: after 30 September 2022, you will no longer be able to use paper banknotes. However, the following options remain available: “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 with 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. “The Bank of England will withdraw the legal tender status of the £20 and £50 notes in a few days. Be sure to bring two identification documents (photo ID and proof of address) – which is mandatory when exchanging tickets over £700. You will then be offered a new note or the option to deposit the amount into your bank account. Postmasters and their staff are available to give you human assurance that your old notes have been deposited into your bank account and will also issue a receipt. Most post offices are open late, even on Fridays. 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) into new banknotes.

When do old £50 notes expire? That`s the question most people ask themselves with paper notes in their wallets, as the new £50 polymer has been in circulation for some time. The Bank of England has confirmed that the old £50 notes will expire on Wednesday, September 30, 2022. You can exchange some withdrawn paper notes for polymer notes at a limited number of post offices. This is a new service, and the full list of branches can be found on the Bank of England`s website. This is the last week that our paper banknotes can still be used. “The majority of paper banknotes have now been withdrawn from circulation, but a significant number remain in the economy, so we ask you to check if you have any at home. 257 million £20 banknotes worth £5.1 billion (as of 9. September 2022) and 118 million £50 notes worth £5.9 billion (as of 9 September 2022) are still in circulation. After this date, many UK banks will accept withdrawn notes as customer deposits. Some post offices may also accept withdrawn banknotes as a deposit into a bank account that you can access with them.

All polymer banknotes bearing a portrait of Queen Elizabeth II are legal tender and the public can continue to use them as usual. If you have £20 or £50 paper notes, we recommend using them or depositing them with your bank or post office before 30 September 2022. People have only 100 days left to use the 20- and 50-pound notes in circulation, the Bank of England said. Tomorrow, these paper tickets will no longer be legal tender and they will not be accepted in stores. There is not much time left to use the paper banknotes that are still in circulation. 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. 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. It`s been a year since the bank first issued the 50-pound polymer note featuring codebreaker Bletchley Park and scientist Alan Turing. The Turing 50 completed the bank`s polymer banknote “family,” with all its denominations — 5, 10, 20 and 50 — now printed on polymer. The new £50 note is the last British currency to be printed on polymer. The Bank of England switched to this material because it “makes them harder to counterfeit than paper notes.” Sarah John, Chief Cashier at the Bank of England, 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 Friday, people will still be able to deposit paper notes at their post office, and many UK banks will also accept banknotes as customer deposits. It came out with the old and with the new as well as the expiry date of the paper £20 note (opens in a new tab), the old £50 notes will soon be out of circulation. That`s more than 300 million individual £20 notes and 160 million £50 paper notes. Old £20 and £50 notes will expire in September 2022 Many banks and some post offices accept old £20 notes as a deposit into a bank account.