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. 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. After that date, the £20 paper ceased to be legal tender. If you miss the date of issue or deposit of a £20 paper, don`t worry, you won`t lose. 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. 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. After September 30, only our polymer banknotes will be legal tender. The Bank of England has stated (opens in a new window) that many banks will still accept “notes withdrawn as customer deposits”, as will the post office. You can also exchange paper notes directly at the London-based Bank of England for the new polymer notes. Keep the note in the light. Check if there is a brilliant “£20” or “£50” at the top of the Queen`s portrait.
The new £20 note is slightly smaller than the paper edition and depicts the British painter JMW Turner. 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. The Fighting Temeraire is one of Turner`s most famous paintings. It was a tribute to the ship HMS Temeraire, which played a leading role in Nelson`s victory at the Battle of Trafalgar in 1805. Turner`s signature comes from his will, in which he left many of his paintings to the nation. The £20 and £50 paper notes will be phased out after the introduction of plastic banknotes. Many banks and some post offices accept old £20 notes as a deposit into a bank account.
After this date, cafes, bars, shops and restaurants will no longer accept the £20 paper ticket. This is exactly the same day as the old expiry date of the £50 note. The Bank of England must announce up to six months in advance when an old bank will fail. This gives the audience enough time to transmit their old note before it expires. The note is printed on special paper, which gives it a unique feel. On the front of the note, you may feel increased pressure. For example, in the words “Bank of England” and in the lower right corner around the number “20”. Many banks accept withdrawn notes as customer deposits. Most of the paper notes have been replaced by the new polymer versions printed with the face of the artist J M W Turner.
However, there are still paper notes worth around £5 billion, with £20 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. Yes, old £20 notes are still legal tender. And you can still use those paper notes to make purchases for now. The old £20 notes will remain valid until the expiry date set by the Bank of England in September 2022. 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. The Bank of England will always exchange old paper notes so that people who missed the deadline are not out of their pockets. 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 business and the father of capitalism.
The Bank of England will continue to exchange all withdrawn notes, including paper notes that we have withdrawn in the past. To exchange old notes after the deadline, you can send them to the Bank of England. Tomorrow, these paper tickets will no longer be legal tender and will no longer be accepted in stores. After September 30, only our polymer bonds will be legal tender. The £20 and £50 notes will be phased out after the introduction of plastic banknotes. The grades of polymers have different safety characteristics. Find out how to check all our tickets The last day to issue 20 and 50 pound paper tickets is today, September 30, 2022. Despite the Queen`s death, all polymer banknotes bearing a portrait of Queen Elizabeth II are still legal tender and the public can continue to use them as usual. Send the completed form with your banknotes and photocopies of the ID (photo ID and proof of address) to NEX Department, Bank of England, Threadneedle Street, London EC2R 8AH. The £20 and £50 notes will cease to be legal tender after 30 September 2022. From tomorrow, the old £20 and £50 paper notes will no longer be accepted as legal tender in the UK. When the paper notes are returned to the Bank of England, they will be replaced by the new 20-pound polymer notes with JMW Turner and the 50-pound polymer notes with Alan Turing.