Are Old £20 Notes Legal

Focus on these two main security features to confirm that your notes are real: Damn your pockets, wallets and the back of your couch for your old £20 bills. The 20-pound polymer note entered circulation on February 20, 2020. To send them by mail, fill out an exchange form and send it with the tickets and photocopies of your identity card and proof of address. Swiss Post accepts withdrawn banknotes as a deposit to any bank account. Head to your local branch to drop off the old £20 note. The old paper notes of £20 and £50 will no longer be legal tender. But in March, the Bank of England said there were still £7 billion worth of £20 notes and £10.5 billion worth of £50 notes in circulation. However, JMW Turner is not the first artist to appear on the £20 bill. A mix of economists and artists of all kinds has appeared on the 20-pound note since its introduction. The changes come shortly after queen Elizabeth II`s death and the unveiling of King Charles III`s new coins, prompting some to question whether Her Majesty`s death will have an impact when the £20 bills expire.

Here`s everything you need to know. Cash notes of £20 and £50 are no longer legal tender after 30 September 2022. Paper tickets are currently still valid and can therefore be issued in stores or other places to accept cash. The expiry date of the old £20 notes comes just weeks after the death of Queen Elizabeth II. From October, these tickets will no longer be legal tender, which means that companies will no longer be able to accept them. The Bank of England has advised people to issue their old notes or deposit them before September 30 to make sure they are not wasted. Sarah John, the current Chief Treasurer of the Bank of England, said: “The transfer of the £20 polymer note is an important step in our fight against counterfeiting. I am very grateful to all the players in the cash industry who have made this transition possible and I hope the public will be happy to use their new £20s Turner. In March, the Bank of England`s Chief Treasurer, Sarah John, said: “In recent years we have shifted our banknotes from paper to polymer because these designs are harder to counterfeit and at the same time more durable. If that`s not enough information, here`s everything you need to know about the polymer`s 20-pound note.

To exchange old banknotes after the deadline, you can mail them to the Bank of England. After 30 September, these paper notes are no longer legal tender. People will no longer be able to use them in stores. After September 30, only our polymer bonds will be legal tender. 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: The Bank of England has reminded the public that £20 and £50 notes will be valid longer as legal tender after 30 September 2022 and advises holders of the expiring currency to deposit or issue them in a bank before tomorrow. The banknotes will be replaced by new polymer versions that allow for more security and are more difficult to counterfeit. The £20 and £50 waste papers expire on 30 September 2022. The new £20 note was first issued on February 20, 2020. It is slightly smaller than the paper note and is made of a polymer material (plastic) that is difficult to tear or tear. Economist Adam Smith appears on the original £20 note.

While the new polymer note shows artist JMW Turner. The Romantic artist`s self-portrait was painted in 1799 and is on display at the Tate Britain in London. 30 September 2022 is the last day you can use our paper tickets worth £20 and £50. If you have paper notes of 20 or 50 pounds, we recommend that you use them before September 30, 2022 or deposit them with your bank or post office. 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 old £20 newspaper shows the so-called father of modern economics, Adam Smith. There are also photos of factory workers on the back of the note and a quote from one of Adam Smith`s most famous works. Friday is the last day Old-style bank notes from the Bank of England will be legal tender as they have been replaced by polymer versions However, you can exchange your old banknotes for new banknotes at the Bank of England at any time before or after September 30. From 1970 to 1991, Shakespeare appeared on the £20 note. It was replaced by an image by scientist Michael Faraday, famous for his work on magnetic fields, induction and considered a great influence on Albert Einstein.