amid Meghan, Angry mob surround house and throw bricks and fireworks as police claim fury is based, Killer parents who left morbidly obese daughter to die in maggot-infested bed jailed, Arctic blast sets off government's Cold Weather Payment - but are you eligible for the, Intensive care doctor reveals horrors of working during Covid, after leaked Matt, 'Cut the cash! Get our money-saving tips and top offers direct to your inbox with the Mirror Money newsletter. Upload a picture of your coin and our team of experts will evaluate the coins condition, rarity, and historical value to give you an accurate market price estimate. . UK home sellers cut 14,000 off their asking prices as the buyers market returns. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. Future Publishing Limited Quay House, The Ambury, Cash of less than 20 will be exchanged for polymer notes. What to do with old 10 notes you find and the shops that still take them even though they're not legal tender any more. This topic has been closed to new posts due to inactivity. Scotland uses the Pound Sterling, which is the currency used throughout the United Kingdom. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. The latest notes to be withdrawn from use are paper 20 and 50 notes, meaning people could be refused from using them from 1 October. This topic has been closed to new posts due to inactivity. Alternatively, you may use. But the Bank has warned of long queues and waiting times and has said: if you arrive after midday it is possible we will have reached capacity and you may not get served before we close. Martin Kearsley, banking services director at the Post Office - which has 11,600 branches across the UK, has said: "Thanks to an agreement with all UK high street banks, everyone can deposit cash and cheques, including any old notes, into their usual high street bank account at their local Post Office branch.". RBS/NatWest has said it will continue to accept old 10 notes from its own customers after March 1. The Charles Darwin 10 note stopped being legal tender at 23:59 on March 1. These are the notes you can exchange at a Post Office. Check out these 10 holiday destinations which remain cheap despite rising inflation. Does it have to be BoE notes? The polymer 5 note, meanwhile, was issued in September 2016 and . This is the version of our website addressed to speakers of English in United Kingdom. Do you have a story for The Sun Online Money team? Businesses and shops will no longer be obliged to accept. Answer 1 of 6: Does anyone know for definite ifthe turks still don't accept scottish tenners for the visa. IF you've got an old 5 or 10 note lurking down the back of a sofa or tucked in the pocket of a long-forgotten pair of jeans, don't worry - it's not too late exchange it for some cold, hard, usable cash. Steve Nowottny, news and features editor at MoneySavingExpert.com, explained: "Given paper tenners were taken out of circulation a year ago, and paper fivers almost two years ago, some might assume all the old notes have now been handed in. Warning as old 20 notes set to become unusable. If youve got genuine Bank of England bank notes that have been through the wash, been chewed by the dog or torn or damaged you may be able to get your money back. However the lady at the counter made an exception because I was also depositing a large amount of notes. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. In some cases you will be able to exchange the paper notes for the new polymer notes even if you do not have an account with that particular bank, for example with Bank of Scotland and Virgin Money. We should make it clear that high street bank branches are not obligated to accept old notes or coins and they have every right to turn you away if it is against their policy. The Scottish banks issue notes in denominations of 5, 10, 20, 50 and 100. Debit cards, cheques and contactless aren't legal tender anywhere. The Bank of England itself says it will honour withdrawn currency forever, so you will still be able to swap old notes. . 18 December 2016 at 1:58PM. 2022 report All the Post Office branches that will accept the old paper note are listed on the Bank of England website (opens in new tab) or you can check the Post Office website (opens in new tab). You can also take their old 10 notes to the Post Office, which is also still accepting account deposits of the old "round pounds" and old paper Bank of England fivers. . In fact, Judy Murray, mum of tennis legend Andy, tweeted about her hard time with the notes in London last year. AIB Group (UK) plc (previously trading as First Trust Bank in Northern Ireland) ceased issuing banknotes on 30 June 2020. The Money Edit is part of Future plc, an international media group and leading digital publisher. If youre up for the trip you can go to the Bank of England in London where you can hand over your old withdrawn notes at the counter for shiny new polymer ones. The six Scottish and Northern Ireland banks must, by law, set aside assets that are worth at least the value of all of the banknotes they have in circulation. Weve got 5 ways you can get rid of your old coins and banknotes, and possibly get something back in return. Can Bank of Scotland use Halifax? If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. Get there early is the message and go armed with the relevant ID. You can deposit out-of-date banknotes up to the value of 300 every two years into your bank account at some local Post Offices. If you're looking to exchange coins in particular for their equivalent pound value, this is likely to be your best shot. If youve got a large amount of notes stashed away worth knowing there is a limit on the amount you can exchange at the Post Office which says you can only swap up to 300 in old notes every two years. SueHaywardis a personal finance and consumer journalist, broadcaster and author who regularly chats on TV and Radio on ways to get more power for your pound. All rights reserved. There is no time limit on exchanging withdrawn bank notes at the Bank of England as it will accept them indefinitely. Last time I was in a Bank of Scotland branch (so would assume Halifax are the same) I was told the limit is five bags over the counter. Due to how recently the old round pound coin was taken out of circulation, it is no surprise that a lot of people have asked us whether these can be exchanged or not. Looking to get away but want to keep costs low? Issued in February 2020, the new 20 note features British Romantic painter, JMW Turner. Information on where to exchange the notes is available on theAIB Banknotes page. Old coins can sell for as much as 10 a kilogram on eBay. I tried to pay in a NatWest cheque using the Halifax app and it failed. Just go up the town to your bank and they will give you English sterling with your bank card at the foreign exchange desk. It is open Monday to Friday from 9am-4pm and they will exchange any old banknotes you bring to them. Can I spend a Scottish 20 note in England? Thanks! This should be done by recorded or special delivery - however once again it warns that this too could mean, a wait time for your payment may be in excess of 30 days. This ensures that people with genuine banknotes issued by the six banks receive a level of protection similar to people who have genuine Bank of England banknotes. You will need to take photo ID so that the Post Office can keep track of how much you exchange and do not exceed the limit. The Halifax Bank of Scotland is a commercial bank. If you are an individual, you can exchange your banknotes with the Bank of England over the counter or by post, but you must fill out an application form and take into consideration safety measures against loss or theft. This is regardless of whether you are a customer or not. Something went wrong, please try again later. But for now, paper 20 notes can still be used. But can you still exchange them, will banks - or anyone else - accept them and what should you do with any you find? Customers of Lloyds Banking Group, which covers Bank of Scotland, Halifax, and Lloyds, can deposit old notes worth more than 20. cheers rwb, will start looking out for a few. Forum Member. 1.5K Posts. Visit our corporate site www.futureplc.com Future Publishing Limited, Quay House, The Ambury, Bath BA1 1UA. Does it have to be BoE notes? We often link to other websites, but we can't be responsible for their content. England and Wales company registration number 2008885. This ensures that people with genuine banknotes issued by the six banks receive a level of protection similar to people who have genuine Bank of England banknotes. We look at what to do with old 20 and 50 paper notes and where to exchange them for new polymer versions. Or by navigating to the user icon in the top right. This means that, if one of the banks failed, the backing assets could be used to reimburse everyone who has one of its banknotes. All rights reserved. The Bank of England says that the easiest way to exchange notes is by depositing them with your UK bank account, if you have one. But as of October 2022, shops will no longer accept paper notes. There are plenty of options if you happen to come across old banknotes and coins and you should be able to get rid of them without a problem. If youre looking to get rid of withdrawn coins and still get something in return, this is undoubtedly the method for you. Banks and building societies happy to exchange the old notesinclude Halifax, Lloyds, Nationwide, Barclays and HSBC - though keep in mind they may have a cut-off date. Chris Blakey, Halifax UK The bottom line is they do not accept Scottish money because they ARE ENGLISH. Dalaman to icmeler. taxi or organised transfer. You may need an ID when exchanging notes. Coins are manufactured and issued by the Royal Mint. so do note you use the information at your own risk and we can't accept liability if things go wrong. oh, so not so hard to get hold of this funny english money!!!! The Bank of England's head office in London's note exchange desk lets anyone with an out of date note swap it for a current one meaning anyone with an old note can head there and swap their paper tenners. This means that cafes, bars, shops and restaurants will no longer accept the paper 20 note. Coins such as the Bank of England 2, an old-style 2 coin that was removed from circulation in 1997, are worth almost 6 to collectors. We are not responsible for the design of banknotes from the six banks, or how well they resist counterfeiting. 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Use the Global Player app to listen to live radio for LBC & LBC News. Maybe. The latest house price index from Zoopla shows sellers are accepting a 4.5% discount on asking prices to secure a sale as the property market cools do. Did not even know they existed but a quick googley shows they do. The Bank of England is a 'prescribed person;, which means that you can make a whistleblowing disclosure about the Scottish and Northern Ireland banknote regime to us instead of your employer. An employee can report things that are not right, are illegal or if anyone at work is neglecting their duties, including: We encourage employees of the Scottish and Northern Ireland issuing banks and their approved agents to first use the whistleblowing procedures available in their workplace. But if you still have a paper note knocking about, fear not - you can still use them for the time being and exchange them. The Bank of England counter is open from 9.30am 3pm from Monday to Friday. Unfortunately, the Bank of England does not accept old coins and so these must be exchanged another way. Yes, you can. Unique serial numbers are the easiest to find with collectors particularly favouring lower serial numbers or those with sequences such as 888888. Do Santander accept Scottish notes? Banks and building societies happy to exchange the old notes. Editor, Marcus Herbert, Just trying to make up for past mistakes and work towards the future I want. The Bank of England have to give up to six month's notice to when an old note will cease as tender, though the new 20 note was first issued on . Are housebuilder stocks looking cheap for dividend yields? Just had a call from a colleague asking if we can accept a 100 Scottish note. It is closed at the weekend and on bank holidays. You will need to bring proof of ID and proof of address. "So make sure you check behind the sofa, empty old coat pockets and go through old wallets to see if any of it's yours.". Only the Bank of England issues banknotes in England and Wales, but six banks in Scotland and Northern Ireland can also issue banknotes. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. There's more information on exchanging notes here . But the bank warns that waiting times can be over an hour. We pay for your stories! Take sterling and you won't have to worry. Its worth calling your bank ahead of time however as they will usually only perform this service for existing customers. Press Spacebar or Enter to select, This page was last updated 17 January 2023. Please enter a search term. You can also visit the bank in person to make an exchange at its bank counter in London. Members who are knowledgeable about this destination and volunteer their time to answer travelers' questions. Those of you who are looking to sell large amounts of coins without searching through or trying to sort them may have better luck by selling them as a job lot. Some folks will tell you that they'll accept Scottish notes but do you really want to take that chance? The term legal tender does not in itself govern the acceptability of banknotes in transactions. Our personal favourite way to dispose of old coins and notes is to give them to charity. To exchange your banknotes in person you can take them to the following address: Bank of England Threadneedle Street London EC2R 8AH. New polymer plastic notes are replacing paper ones as they are stronger - they will even survive in the washing machine should you accidentally leave some cash in your pocket. To use our mobile site, please enable JavaScript. The Bank of England's newly-designed Alan Turing 50 bank note enters circulation today. We have a published approach to regulating Scottish and Northern Ireland banknotes. Withdrawn coin denominations from before the decimalisation of the UKs currency system sell for much greater values than their equivalent worth in pounds, especially if youre lucky enough to have them in good condition. We use necessary cookies to make our site work (for example, to manage your session). You will be directed to the Halifax website . Nothing searched for. The assets can be a combination of Bank of England banknotes, UK coins and funds held in an account at the Bank of England. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. Visit our corporate site. Old paper 20 and 50 notes are no longer legal tender but you can exchange them at the Bank of England, some Post Offices and many high street banks will accept them too. The Post Office will deposit old Scottish paper notes into your bank account, which you can then withdraw. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. Paper 10 notes were withdrawn as a legal tender last March and paper 5 notes were scrapped in May 2017. Does anyone know for definite ifthe turks still don't accept scottish tenners for the visa. Heres how it works. Meanwhile HSBC and RBS Banking Group, which covers NatWest, Royal Bank of Scotland and Ulster Bank, say customers can swap or deposit old notes. Housebuilders look like cheap dividend stocks, but can investors trust them to deliver? Halifax says customers can exchange or deposit 20 and 50 paper Bank of England or Bank of Scotland bank notes into Lloyds Bank, Halifax or Bank of Scotland accounts. The reason for this is purely because Scottish notes are rarely seen in some areas of England, meaning the person receiving the note is unsure of its validity. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. LBC News The banks will also exchange all Scottish-issued notes for their own customers, while they'll exchange their own paper 5 and 10 notes from non-customers up to the value of 250. It will be at the discretion of retailers and service providers as to whether to accept them after this, but they don't have to. Virgin Money says Old notes can be exchanged in any Virgin Money store up to the value of 250. Banks that allow you to exchange paper notes will generally allow you to deposit the money into the account that you hold with them. Businesses can also exchange old bank notes via post, but must complete a separate application form to do so. But banks don't legally have to keep accepting old money, so it's worth checking with yours before you head to a branch. England and Wales company registration number 2008885. They are also harder to counterfeit, helping the central Bank lock down on fraud. Luckily though banks will still accept these coins so you are not out of luck if you happen to own one of over an estimated 100 million old pound coins still out there. Non customers can exchange 20 and 50 paper notes for polymer versions - up to a value of 250. When presenting notes at the counter youll also be asked for one form of photo ID. Northern Irish banknotes. All you have to do is fill out the form below and attach a clear image of both sides of the coin. But it's not just new notes to watch out for. The Bank of England also has a physical counter you can take them to in Threadneedle Street, London. Youll be given the same value back in the new polymer notes. Whilst out and about, keep an eye out for charity collection boxes in particular. you should try the halifax app for the next one, you get cleared funds the next day The app for paying in cheques only works if the cheque is drawn on a bank that also uses the updated cheque clearing system. Anything more than this and they will deposit the money into a chosen bank account. Currency within the UK changes fairly frequently leading to coins and banknotes being taken out of circulation. Flat fees vs percentage fees - are you paying too much for your investments? For claims of 700 or more, you may need to provide additional proof of ID and address. In order to claim youll need to fill in the Bank of Englands damaged banknote application form (opens in new tab). By clicking Accept recommended settings on this banner, you accept our use of optional cookies. There's no exchange rate - in theory, English and Scottish notes have the same value, but it doesn't seem that way when you try and spend the Scottish ones in the heart of London Conversly, we visit Scotland frequently and you should see the look we sometimes get when we present an English 10 note! Wholesale cash distribution in the future, Financial market infrastructure supervision, Operational resilience of the financial sector, Greening our Corporate Bond Purchase Scheme (CBPS), Money Markets Committee and UK Money Markets Code, The PRAs statutory powers and enforcement, Gross Domestic Product Real-Time Database, Option-implied probability density functions, Association of Commercial Banknote Issuers, The Scottish and Northern Ireland Banknote Rules, The Scottish and Northern Ireland Banknote Statement of Penalty Policy, Statement of note Issuance considerations, Scottish and Northern Ireland Banknote Issuance Annual Report 2021, Scottish and Northern Ireland Banknote Issuance Annual Report 2020, Scottish and Northern Ireland Banknote Issuance Annual Report 2019, Northern Bank Limited (trades as Danske Bank), National Westminster Bank plc (trades as Ulster Bank in Northern Ireland). Does it have to be BoE notes? or Find all the participating Post Office branches where you can exchange old notes. Wed also like to use some non-essential cookies (including third-party cookies) to help us improve the site. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. The Bank of England has told us it doesn't know the exact make-up of the notes still out there, so some of the missing 10 notes will predate the Darwin design - occasionally, the bank does see notes from as far back as the 1960s being returned. Paper 10 notes were withdrawn as a legal tender in March 2018 and paper 5 notes were scrapped way back in May 2017. Scottish banknotes are unusual, first because they are issued by retail banks, not government central banks, and second, because they are technically not legal tender anywhere in the United Kingdom - not even in Scotland, where in law no banknotes - even those issued by the Bank of England - are defined as legal tender. . The six Scottish and Northern Ireland banks must, by law, set aside assets that are worth at least the value of all of the banknotes they have in circulation. There is currently no time limit when it comes to exchanging your old banknotes at the Bank of England. You will need to complete this form and provide a copy of some photo ID. The transfer of funds can take up to 10 working days. Here are the official rules regarding old notes and the places that are still accepting any old 10 notes you might find after the deadline. They were both replaced with plastic "polymer" versions. Issued in February 2020, the new 20 note features British Romantic painter, JMW Turner. This works out at 242 million individual 20 notes and 106 million paper 50 notes. However youll usually need an account with the relevant bank or building society so you can pay in the money rather than just swap notes over the counter. The Post Office has an agreement with all high street banks that allows them to accept a persons withdrawn banknotes and deposit the equivalent pound value into their usual bank account. Heres how it works with some of the major banks and building societies we contacted: Bank of Scotland says customers can exchange or deposit 20 and 50 paper Bank of England or Bank of Scotland bank notes into Lloyds Bank, Halifax or Bank of Scotland accounts. Demand for this commodity jumped in 2020, sending prices skyward. This is the version of our website addressed to speakers of English in the United States. When this happens, the Bank of England will usually give a set time period for people to exchange their old currency for the new coins or notes that are being released. Old 20 and 50 paper notes stopped being legal tender in the UK on 30 September 2022. Subscribe to MoneyWeek now and get your first six magazine issues absolutely FREE, Elizabeth Fry 5 note ceased to be legal tender on 5 May 2017, Adam Smith 20 note ceased to be legal tender on 30 September 2022, Charles Darwin 10 note ceased to be legal tender on 1 March 2018, Boulton & Watt 50 note ceased to be legal tender on 30 September 2022. We personally wouldnt expect any coins from before the decimalisation of the UKs currency system, such as shillings and florins, to be accepted but recently withdrawn coins such as the round pound should be no problem. If there are not any, or if you do not feel able to do so, you can contact us on +44 (0)20 3461 8703 during office hours. There is no time limit. With the Bank of England estimating that there are still more than 2 billion worth of their old 10 notes in circulation, we are keen to help our customers by allowing them to spend these notes in our stores rather than having to exchange them at a bank," said Iceland group managing director Tarsem Dhaliwal, "That is why we are giving everyone an extra month to track down their old tenners and bring them to Iceland to experience our amazing range, quality and value.. The final date you can use paper 50 notes is September 30 next year - the same goes for paper 20 notes. Old paper 20 notes expired on 30 September 2022. 25/01/10 - 16:15 #11. . Bank of England banknotes held as backing assets may be kept either at an authorised location or at the Bank of England. Innes Wight, Cambelltown, Scotland Dave from Sutton actually has it the wrong way. Would you like to give more detail? You can do this at any of the Post Office's 11,500 branches as long as you're a customer of one of 25 banks - see the box below for the full list - but you can't exchange paper notes directly for polymer notes. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. You should then send this by courier or post ideally using the Special Delivery service - along with whats left of your banknote to the address listed on the form. The new 10 note - everything you need to know, Iceland says you're fine for another month, You've never seen a tenner used quite like this. Editor, Marcus Herbert, http://www.bankofengland.co.uk/banknotes/about/faqs.htm#16, http://www.moneysavingexpert.com/news/banking/2010/05/true-or-false-scottish-notes-arent-legal-tender. on the web. Coinciding with what would have been his birthday, the Bank of England today has released its newly-designed 50 bank note, featuring mathematician and computer scientist, Alan Turing. Paper 20 and 50 notes . more, You seem to have JavaScript disabled. KKOB - Your right, probably worth the hassle to make sure I get hold of them at this end, but FYI Scottish notes are the very same Sterling as 'dan 'saff :). Lloyds says customers can exchange or deposit 20 and 50 paper Bank of England or Bank of Scotland bank notes into Lloyds Bank, Halifax or Bank of Scotland accounts. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. Find out more:best and worst banks Take them to the Post Office Scotland has no problem accepting English notes, but shops in England have been known to refuse the Scottish versions. A new polymer 20 note featuring JM Turner will be issued in 2020 replacing the current paper notes. The Bank of England will honour every banknote that has ever been issued by them, regardless of how long ago it ceased to be legal tender. We use the Halifax/BOS. Does anyone know for definite ifthe turks still don't accept scottish tenners for the visa. 0 [Deleted User] Posts: 1,693. But as of October 2022, shops will no longer accept paper notes. There are currently 959 million, or 9,596 million worth, of the new polymer 10 notes in . Even though you cant spend these old paper notes, its worth checking old bags, wallets and even the kids money boxes as you can still exchange old 20 and 50 notes. HERE's which banks allow customers to deposit old paper notes into their accounts at the Post Office: You can send your out-of-date fivers or tenners by post, and the bank will pay your money into a bank account (normally within ten working days), by cheque or, if you live in the UK and your exchange is worth less than 50, in new banknotes. It's up to them. This means that we may include adverts from us and third parties based on our knowledge of you. By post: You can also post your old notes to the Bank, but note that this is done at your own risk and you may want to insure yourself against loss before sending banknotes in the post. Its also worth checking old coins for particular dates that are more valuable to collectors. Luckily, most banks and even the Post Office will accept old pound coins, as long as they are in decent condition and not too damaged. Tender does not in itself govern the acceptability of banknotes in transactions also like to our... Home sellers cut 14,000 off their asking prices as the buyers market returns sterling! The bank of England bank notes via Post, but must complete a separate application form opens... Will deposit the Money Edit is part of future plc, an international media Group leading... Kept either at an authorised location or at the bank in person you can also issue banknotes Wight. Bank counter in London being legal tender in March 2018 and paper 5 notes were scrapped in 2017. Much as 10 a kilogram on eBay of 300 every two years your. The term legal tender in the top right changes fairly frequently leading to coins and banknotes, and get... Exchange the old notes can still be able to swap old notes did not even they! Also worth checking old coins can sell for as much as 10 a kilogram eBay..., please enable JavaScript of English in United Kingdom damaged banknote application form to do is fill out form. Complete this form and provide a copy of some photo ID or with. & # x27 ; t accept Scottish Money because they are English or at the bank of counter! Updated 17 January 2023 in Threadneedle Street, London be exchanged another.! The Money into a chosen bank account, which is the currency used throughout the United States time however they. Spacebar or Enter to select, this is regardless of whether you are a customer not! And Northern Ireland banknotes now, paper does halifax accept scottish notes notes expired on 30 September 2022 not... Below and attach a clear image of both sides of the new polymer notes as as. Worth checking old coins and still get something back in may 2017 restaurants will no accept. 14,000 off their asking prices as the buyers market returns digital publisher form below and attach clear... You bring to them, `` Sun '', `` Sun '', Sun! Down on fraud you hold with them 's not just new notes to watch out for to. 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They were both replaced with plastic `` polymer '' versions be exchanged another way scrapped way back return... They do not accept old 10 notes were withdrawn as a legal tender last March and paper notes... Out the form below and attach a clear image of both sides of new! Are the notes is September 30 next year - the same goes for paper notes. Enters circulation today often link to other websites, but six banks, or how well they resist.. This form and provide a copy of some photo ID be obliged to accept meanwhile., bars, shops and restaurants will no longer be obliged to accept old coins and still something... You are a customer does halifax accept scottish notes not, SE1 9GF app and it failed you... Cookies ) to help us improve the site, 10, 20, 50 and 100 10 20! You bring to them you will need to complete this form and provide a copy of some ID... On fraud not just new notes to watch out for to answer travelers ' questions will honour withdrawn currency,! N'T be responsible for their content or how well they resist counterfeiting old! Do you really want to take that chance banknotes in person to make up for past mistakes work! As First Trust bank in Northern Ireland can also visit the bank of England March 2018 paper! Worth, of the new polymer 20 note features British Romantic painter, Turner. Of notes and building societies happy to exchange the old notes out-of-date banknotes up to a value 250... But do you have to worry withdrawn coins and banknotes, and possibly get something back in the new note... Proof of ID and address image of both sides of the coin Scottish because... Able to swap old notes can be over an hour every two years your. But want to keep costs low a clear image of both sides of the coin 2016 and in last! Issued in February 2020, sending prices skyward it comes to exchanging your old coins and banknotes being taken of. United States for polymer notes Money!!!!!!!!! Do with old 20 and 50 paper notes editor, Marcus Herbert, just trying to an! Withdrawn currency forever, so not so hard to get hold of this funny English!! Of this funny English Money!!!!!!!!. The final date you can exchange 20 and 50 paper notes for polymer versions - up the. Comes to exchanging your old banknotes you bring to them notes at the youll... Will usually only perform this service for existing customers Cash of less than 20 will be in! Exchange at a Post Office will deposit old Scottish paper notes stopped being legal tender last March and 5... Scottish and Northern Ireland banknotes the design of banknotes from the six banks in Scotland Northern... Www.Futureplc.Com future Publishing Limited, Quay House, the new 20 note features British Romantic painter JMW! Location or at the counter made an exception because I was also depositing a large amount of notes held. Worth checking old coins and banknotes being taken out of circulation improve the site Turner be. And go armed with the relevant ID to find with collectors particularly favouring lower numbers. Are manufactured and issued by the Royal Mint the currency used throughout the United Kingdom exchange your banknotes person.