How do I exchange old UK notes?

Can I exchange old notes in 2021?

The Bank of England are withdrawing the paper notes from circulation, following the release of the new £20 and new £50 notes in 2020 and 2021. This means that you’ll have to spend them or exchange the notes before the end date, otherwise you won’t be able to use them as legal currency.

Where can I exchange old British pound notes?

Obsolete Bank of England banknotes can only be exchanged at the Bank of England, Threadneedle Street, London. The nearest London Underground station is Bank on the Central and Northern Line. Opening hours are 9:30am until 3:00pm, Monday to Friday excluding Bank holidays. Notes can be exchanged while you wait.

What do I do with old British pound notes?

Exchanging old banknotes

Many banks accept withdrawn notes as deposits from customers. The Post Office will also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And you can always exchange withdrawn notes with us.

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Do banks still take old 10 notes 2021?

Banks don’t legally have to accept old paper notes and coins once they’ve been withdrawn from circulation. However, some may continue to allow you to swap them while others may let you deposit old notes and coins into your account.

Can you deposit old 20 notes cash machine?

From October onwards, these notes will no longer be legal tender—meaning businesses will not be able to accept them. The Bank of England has advised people to either spend their old notes or deposit them before 30 September to ensure they don’t go to waste.

Can I swap old 20 notes at the bank?

At your bank

If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Can you exchange old money at the bank?

Replace Damaged Bills

Unfit or contaminated currency can be exchanged at commercial banks, says the FRBSF. However, some banks may exchange worn or torn notes only for their customers. Ideally, visit the bank you normally use and deposit the money into your account.

Can you exchange old English pounds?

Obsolete Bank of England banknotes can only be exchanged at the Bank of England, Threadneedle Street, London. The nearest London Underground station is Bank on the Central and Northern Line. Opening hours are 9:30am until 3:00pm, Monday to Friday excluding Bank holidays. Notes can be exchanged while you wait.

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Will the post office take damaged notes?

Deposits with coin – old or new – sent with small deposits only. Notes that are defaced, ripped, tatty or tainted with sensitive waste (blood, vomit, urine or faeces) should be isolated and the envelope marked with notice of the contents. Actually, this should not be tolerated at all, and should be returned or refused.

Do banks still take old 20 Notes 2021?

Are the old £20 still legal tender? The paper £20 remain legal tender until 30 September 2022. If you miss this deadline, The Bank of England said that many banks will accept the “withdrawn notes as deposits from customers” and so will the Post Office.

Can I still change paper 10 notes?

The old paper £10 notes that were withdrawn from circulation on 1 March 2018 are no longer accepted as legal tender. This means you cannot use them to buy any goods or services whatsoever. However, all is not lost, as you can exchange your old £10 notes for new ones.

Can you still use old 50 notes 2021?

30 September 2022 is the last day you can use our paper £20 and £50 notes. Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And, you can always exchange withdrawn notes with us.

Is the paper 10 still legal?

THE Bank of England launched its new state-of-the-art £10 polymer note in late 2017. The old cotton paper notes have now expired and are no longer accepted as legal tender – here’s what that means, and all you need to know about the changeover…

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