How long will the new 20 note be in circulation?
How long will the new 20 note be in circulation?
30 September 2022
We first issued our polymer £20 note on 20 February 2020. It features the artist JMW Turner. 30 September 2022 is the last day you can use our paper £20 and £50 notes.
When did the 20 pound note come into circulation?
20 February 2020
Turner on the next £20 note, which entered circulation on 20 February 2020.
Are 20 notes going out of circulation?
Paper £20 notes go out of circulation on Wednesday, September 30, 2022. Until then, you can still use the old £20 notes as they are accepted as legal tender. If you’re looking to exchange any old notes, The Bank of England website has further information.
Do banks still accept old 20 notes?
Yes, old £20 notes ares still legal tender. The Bank of England have said that many banks will still accept the “withdrawn notes as deposits from customers” and so will the Post Office.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 based in London.
How long can you use the old 20 note?
Yes, old £20 notes ares still legal tender. And you can continue to use these paper notes to make purchases at the moment. The old £20 notes will stay valid until the September 2022 expiry date given by the Bank of England.
What can I do with old 20 notes?
Anyone who misses the date for spending or depositing the old paper £20 note won’t lose out. Even after the old £20 notes have been withdrawn from circulation, the Post Office will accept withdrawn notes as a deposit into any bank account. And you can always exchange withdrawn notes directly with the Bank of England.
Is the old 20 still legal tender?
The Bank of England has announced that the old notes will go out of circulation on 30 September 2022. This mean you will not be able to use the notes in shops, but you will be able to exchange them for new notes.
Can I take old 20 notes to the bank?
