Best answer: Are paper 20 notes still legal tender Scotland?

After 30 September 2022 Bank of England paper £20 and £50 notes will no longer be legal tender. … The three issuers of Scottish banknotes, Bank of Scotland, Clydesdale Bank and the Royal Bank of Scotland, will also withdraw their paper £20 and £50 banknotes on the same date as the Bank of England.

How long can I use old 20 pound notes?

The old £20 notes can be used all the way up to the end of September 2022 or can be exchanged for a new one via your bank, Post Office or with the Bank of England.

Can you still use paper notes in Scotland?

English banknotes aren’t legal tender in Scotland. Scottish notes aren’t legal tender in England or Scotland. Debit cards, cheques and contactless aren’t legal tender anywhere.

Can you still accept paper 20 notes?

Yes, you can continue to use paper £20 notes to make purchases at the moment. … They have also said that many banks will still accept the “withdrawn notes as deposits from customers” and so will The Post Office. You can also exchange the paper notes for the new polymer ones directly at the Bank of England.

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Can we exchange old notes now?

You can always exchange withdrawn notes with us by post. … Send it with your banknote(s) and photocopies of ID (one photo ID and one proof of address) for any exchange (mandatory for any exchange of £700 or more) to Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH.

Are 20 notes going out of circulation?

Paper £20 notes go out of circulation on September 30 2022. Until then, you still use the old £20 notes as they are accepted as legal tender. … Details on the site read: ‘On 20 February 2020 we issued a new polymer £20 note. ‘Many banks will accept withdrawn notes as deposits from customers.

Do banks take old Scottish notes?

The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this.” Advice to customers and non-customers for exchanging notes. Issuing banks will continue to accept all Scottish notes from their own customers.

Will banks change Scottish notes?

All Royal Bank of Scotland and Ulster banknotes (as with all Scottish and Northern Irish banknotes) remain legal currency, will not be withdrawn from circulation in the same way as the Bank of England notes, and have no end date for acceptance. You are unable to swap / deposit commemorative coins.

Will my bank accept Scottish notes?

He said: “Scottish notes are not legal tender anywhere in the UK, they are legal currency and I would encourage shopkeepers to accept them right across the UK, but they’re not legal tender.” He added: “English notes and Royal Mint coins are, 1p and 2 p coins are only legal in settlement of a debt up to 20p.

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How do I get rid of my old 20 pound notes?

The easiest way to get rid of the paper notes is to spend it in a shop or to deposit it at a local bank or building society. Shops will stop accepting notes from the day they officially are withdrawn by the Bank of England. However, banks usually allow customers to deposit old notes for some time after that date.

Is my 20 note worth anything?

If you’ve been lucky enough to find a £20 note with a series of recurring numbers, like the 777777 serial number, you may want to keep hold of it as we’ve seen some which are currently selling on eBay for around £400 – over 20 times its face value! Similar serial numbers have sold for prices within the same range.

Can you still spend paper 10 notes?

While the paper £5 and £10 notes are no longer legal tender, they will always be accepted by the Bank of England. People can take or post any old notes to the bank in Threadneedle Street, in the City of London, to be exchanged for a new-style polymer one. … Banknotes can also be exchanged by post.”

Can old money be changed at the bank?

The public can have the old bills exchanged at authorized financial institutions like universal and commercial banks, thrift banks, rural banks, and cooperative banks. The public may also exchange old banknotes with the BSP or any of its regional offices.

Can I exchange old 20 notes at the post office?

Anyone who misses the date for spending or depositing the old paper £20 note won’t lose out. … The Post Office may also accept withdrawn notes as a deposit into any bank account. And you can always exchange withdrawn notes directly with the Bank of England.

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Are old 5 pound notes worth anything?

Old banknotes retain their value for all time, so while you can’t use them in shops, you can return them to the Bank of England or to most major banks and get a new polymer banknote in exchange. If you’ve got a new polymer £5, check if it’s worth a fortune. See our blog How to check if your new fiver’s worth £100s.

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