The Bank of England will always exchange the old paper notes so that people who missed the deadline are not left out of their pockets. Paper tickets are currently still valid and can therefore be issued in stores or other places to accept cash. We will revoke the status of our £20 and £50 banknotes after 30 September 2022. The new 20-pound plastic and polymer notes feature an iconic new image as well as improved security features to prevent fraudulent activity. It has already been called «the safest banknote to date» because the new security features include a hologram and a transparent window – two features that are almost impossible to copy accurately. The 20-pound polymer note entered circulation on February 20, 2020. The note is printed on special paper, which gives it a unique feel. On the front of the note, you can feel increased pressure. For example, in the words «Bank of England» and in the lower right corner around the number «20».
When the paper notes are returned to the Bank of England, they will be replaced by the new £20 polymer notes with JMW Turner and the £50 polymer notes with Alan Turing. There is an alternation of images of Adam Smith along the strip of aluminum foil. The position of slide patches may vary in notes. To the right of the head cashier`s signature, the number «20» is engraved on the aluminum foil strip. So far this month, more than £100 million has been deposited at Swiss Post offices. If you can`t meet this deadline, there`s always a way to exchange your old £20 paper. Many banks and some post offices accept the old £20 notes as a deposit into a bank account. What can you do with your old tickets? Here`s everything you need to know. You can also exchange notes withdrawn from the Bank of England, including by post. To do this, you must fill out an exchange form for companies or individuals. Send the completed form with your banknotes and photocopies of the ID (photo ID and proof of address) to the NEX Department, Bank of England, Threadneedle Street, London EC2R 8AH. The new notes have advanced security features such as sea through the window, hologram images, raised dots, ultraviolet numbers, slide spots, relief printing, and numbers written in text so small that only a person using a magnifying glass can see it.
The Bank of England will still exchange all withdrawn notes, including paper notes that we have withdrawn in the past. Many banks accept withdrawn notes as customer deposits. Martin Kearsley, Director of Post Bank, said: «We are fully aware that people are living busy lives and that some may postpone the deposit of their £20 and £50 notes until the last moment. Swiss Post can also accept old paper invoices as a deposit to any bank account that you can access at the post office. You can use the paper editions of £20 until 30 September 2022. The postmaster and his staff are available to give you human peace of mind that your old notes have been deposited into your bank account and will also present a receipt. Most post offices have been open for a long time, even on Fridays.â Damn your bags, purses and the back of your sofa for your old £20 bills. Swiss Post accepts withdrawn banknotes as a deposit to any bank account. Head to your local branch to drop off the old £20 note.
A Bank of England spokesman had previously told The Sun: «Polymer banknotes are stronger than paper notes and last longer in normal daily use. It came out with the old and with the new one in 2022, with the old expiry date of the £20 note and the old £50 note (opening in the new tab) taking place in 2022. The Bank of England is withdrawing paper notes from circulation after the publication of the new £20 and £50 notes (opens in a new tab) in 2020 and 2021. This means that you have to spend them before the end date or exchange the tickets, otherwise you will not be able to use them as legal tender. Tomorrow, these paper tickets will no longer be legal tender and will no longer be accepted in stores. After this date, many UK banks accept withdrawn banknotes as customer deposits. Some post offices may also accept withdrawn tickets as a deposit to any bank account you can access with them. The 20-pound polymer note features artist JMW Turner and the 50-pound polymer note shows Bletchley Park codebreaker Alan Turing. ANYONE with £20 paper notes has only a few days left to spend them. First introduced in 2007, the £20 note featured a portrait of Adam Smith, the Scottish economist and philosopher also known as the father of economics and the father of capitalism. Paper editions of the £5 note were no longer valid from May 2017, while the £10 note was withdrawn in March 2018. If you miss the date of issue or deposit of a £20 paper, don`t worry, you won`t lose.
Swiss Post is preparing for a rush of «last-minute» customers dropping off £20 and £50 paper notes this week before they can no longer be used in stores or to pay businesses. Paper notes have been replaced by new polymer notes: the £20 note includes JMW Turner and the £50 alan Turing note. The old £20 notes expire on 30 September 2022. After this date, cafes, bars, shops and restaurants will no longer accept the £20 paper bill. This is precisely the same day as the old expiry date of the £50 note. After this date, £20 paper is no longer legal tender. However, you will need to complete certain documents. Full instructions are available on the Bank of England website.
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. In March, the Bank of England`s Chief Treasurer, Sarah John, said: «In recent years we have moved our banknotes from paper to polymer because these designs are harder to counterfeit and at the same time more durable.» The Bank of England said: «Banknotes are resistant to dirt and moisture and therefore stay in better condition longer. These notes also have touch functions that allow blind and visually impaired people to use them. «Hold the note to the light. Check if there is a glossy «£20» or «£50» at the top of the Queen`s portrait. 30 September 2022 is the last day you can use our paper tickets worth £20 and £50. 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 ticket is genuine: from Friday the 30th. September, you can no longer use your old paper notes. That being said, your money won`t be lost. Focus on these two main security features to confirm that your banknotes are genuine: to exchange old banknotes after the deadline, you can mail them to the Bank of England.
However, you can exchange your old banknotes for new notes at the Bank of England at any time before or after 30 September. To avoid having old and invalid notes in your wallet, issue them or deposit the notes into your bank account. Friday is the last day Old-fashioned Bank of England banknotes will be legal tender after being replaced by polymer versions If that`s not enough information, here`s everything you need to know about the £20 polymer note. 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. 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 specified by the Bank of England in September 2022. The Bank of England has been moving towards the use of new plastic banknotes for many years, and once the old banknotes officially become invalid, people will no longer be able to issue Bank of England paper notes in shops or use them to pay businesses.
Among the differences with the new polymer note, there is a new hologram image that switches between the words «Twenty» and «Books». There is also a small transparent window in the lower corner of the note. There is also a portrait of the Queen (opens in a new tab) printed on the window and printed «£20 Bank of England» on the edge. The Bank of England also advises that many banks will continue to accept old notes as deposits, while the post office can also accept them on any bank account you can access, which is important to know when the old £20 notes expire, as the Bank of England`s withdrawal date is this year. The majority of the paper notes have been replaced by the new polymer versions printed with the face of artist J M W Turner. However, there are still paper notes worth around £5 billion, with £20 in circulation. Cash notes of £20 and £50 are no longer legal tender after 30 September 2022. 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».