But if all that means you've not quite got round to spending any old, paper, £20 notes - there is some good news. The next in the series, the 20 franc note, with the theme of 'light', will be unveiled on May 10th this year. Even after then you can still exchange them for new £20 notes. Polymer notes came into circulation earlier this year. The better news is there's no rush to spend them - with the Bank also promising 6-months notice before they are withdrawn. And there won’t be a rush to get out and hand your notes over to a shopkeeper any time soon. Any old notes that no longer have legal tender status can be exchanged at the Bank of England itself at any time. Matching numbers, such as 123456 or 222222, might catch a collector’s eye and earn you a pretty penny. We will give six months’ notice of this withdrawal date. That’s because the Bank of England has said that old £20 are still being considered legal tender. The new £20 note | Read more E ven if a bank refuses to accept discontinued notes, there is one final option. Before handing it in for a swap, it might be worth checking the serial number on the note in case it could be worth a bit more. The date that paper £20 notes cease to be legal tender has not been decided. The next note to be replaced will be the £20, although the previous series £10 note (Darwin) ceases to be legal tender on 1 March 2018. What can you do with old, paper, £20 notes? The Bank of England hasn’t yet set a date to withdraw legal tender status from paper £20 notes, as it did with the paper £5 and £10 notes. Learn about legal tender bank notes, what removing legal tender status means and which bank notes are affected. You will still be able to use the paper £20 note until we withdraw it from circulation. I have £3,500 in £20 notes with Elgar's face on that will not be legal tender beyond the end of June. On 20 February 2020 we issued a new polymer £20 note. We explain exactly how long you have left to use them, Get our daily coronavirus email newsletter with all the news you need to know direct to your inbox. All existing polymer banknotes can continue to be used as both versions of the $5, $10, $20, $50 and $100 banknotes will be in circulation for a number of years. They will eventually stop being legal tender, but the Bank of England says it will give six months' notice before this. When you subscribe we will use the information you provide to send you these newsletters. The new polymer notes will retain the iconic Bushmills image and are cleaner, more durable and contain additional security features. Your old £20 note is still a legal tender and will be accepted by all retailers - so, it's business as usual for now. Redeeming Old Banknotes. But if all that means you've not quite got round to spending any old, paper, £20 notes - there is some good news. That’s because the Bank of England has said that old £20 are still being considered legal tender. "Don’t worry, you can still use the paper £20 note for now," the Bank of England's site reads. Want us to send our biggest stories straight to your inbox? The old ten pound notes ceased to be legal tender on 1 March 2018. And there's one way to guarantee to get your old £20 note swapped – head to the Bank of England itself. All previous issues of Australian banknotes retain their legal tender status. Coins: Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. In February 2019 we issued new polymer £5 and £10 notes which replace the paper notes of the same denomination. New $5, $10, $20, $50 and $100 banknotes are now in circulation. We will announce the withdrawal date after we have issued our new polymer £20 note. Since the Bank of England are yet to confirm when the old £20 notes expire, people will be given six months’ notice of its withdrawal. Notes: In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. 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A line on its website reads: “Don’t worry, you can still use the paper £20 note for now.” The plastic version, which features … Mick may only live until he's 60 years old. The note was introduced on 13 September 2016, with an initial print run of 440 million notes (worth £2.2 billion), over the period of co-circulation. There are also some restrictions when using small coins. The new note, followed the polymer £5 and £10 notes which came out a few years ago. That phrase "I promise to pay the bearer on demand" is something that doesn't have a time limit on it, the Bank told Mirror Money. The Bank of England has said that unspent, paper, £20 notes are still legal tender. So what’s actually classed as legal tender? The paper £20 notes can still be used as normal and the Bank will give six months' notice ahead of their legal tender status being withdrawn. You can learn more about withdrawn banknotes here. Britain's old-style 20 pound bank notes featuring composer Edward Elgar will cease to be legal tender on June 30, the Bank of England said Monday. The actor is convinced the show will continue for another century, Scandals of Elf - sacked babies, 'woke' backlash and Will Ferrell 'feud that killed sequel', Christmas comedy Elf remains a seasonal favourite, but the making of it came with a hearty dose of drama, EXCLUSIVE: Bill Bailey prays for Strictly win as it'll be his 'last performance' of the year, EXCLUSIVE: Strictly Come Dancing hopeful Bill Bailey has his eyes set on raising the glitterball as he heads to the final this weekend. At least £2.1bn worth of old £10 notes are still in circulation, despite the fact that they will cease to be legal tender in less than two weeks, the Bank of England has said. I just checked my int'l wallet and I have no £10 notes. Made from the flexible plastic material polymer, at 139mm x 73mm the note is smaller than the old … Even then, you can still exchange them for a new £20. "Don’t worry, you can still use the paper £20 note for now," the Bank of England's site reads. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. There are guaranteed changes that will require both businesses and individuals to plan ahead - regardless of the outcome of negotiations with the EU. His attacker has been jailed for two years, Football star and his family receive death threats after Neymar tackle, Neymar was left writhing in agony after Mendes's wild lunge during Lyon's win over PSG on Sunday, though latest scans show the forward has not suffered a serious injury, Vicky McClure’s Dementia Choir allows sufferer, 54, to 'make lasting memories', Vicky McClure’s Dementia Choir at Christmas saw dementia sufferer Mick perform at the London Coliseum surrounded by his favourite stars. The amounts for legal tender are stated below. Bank of Ireland (UK) plc issues banknotes in denominations of £5, £10, £20, £50 and £100. A line on its website reads: “Don’t worry, you can still use the paper £20 note for now.” And there won’t be a rush to get out and hand your notes over to a shopkeeper any time soon. In England and Wales, it’s Royal Mint coins and Bank of England notes. There are over two billion £20 notes in circulation. What happens to the old paper £20 notes? The star might have to cancel his one-man show because of Covid, Dad forgot his family and how to talk after losing part of skull in Christmas Eve attack, Ian Grimes, 40, was attacked by a stranger as he walked home with wife Bethan and their three children on December 24 last year. Owner of 52 UK nightclubs on brink of collapse with 1500 jobs at risk - see full list, Deltic Group, which has been out of business since March 23, has filed a notice of intention to appoint administrators, a legal measure that provides protection from creditors for 10 working days, Best Christmas 2020 food gifts serious foodies will love unwrapping (and eating! According to The Mirror, the old £20 notes are still legal tender and there's currently no rush to spend them either. Latest from Tesco, Asda, Iceland and more, Here's all you need to know about booking a Christmas delivery slot from supermarkets across the UK, 'I cooked a full Christmas dinner from Iceland for just £30 - and it only took two hours'. What’s classed as legal tender varies throughout the UK. 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. In fact, even if a note's ripped, smashed or otherwise vandalised, as long as there's enough left to identify what it was, they will swap it for a new one. As we transition to our new relationship we ALL need to take action to prepare. Even now savvy sellers are flogging old notes with unique serial codes on eBay. The Bank of England £20 note is a banknote of the pound sterling.It is the second-highest denomination of banknote issued by the Bank of England.The current polymer note, first issued on 20 February 2020, bears the image of Queen Elizabeth II on the obverse and the image of painter J. M. W. Turner on the reverse. The new currency has changed the way our bank notes look, with polymer believed to be more sturdier and durable compared to paper. Even though the new notes have entered circulation, you can still spend your old notes. The UK introduced a brand new plastic £20 note back in February which followed in the footsteps of upgrades made to the £5 and £10 notes. When you subscribe we will use the information you provide to send you these newsletters. The Bank of England says 94 million paper tenners and 118 million paper fivers haven’t been handed in, even though they can still be exchanged at face value. That’s because the Bank of England has said that old £20 are still being considered legal tender. It was announced that there would be a co-circulatory period with the old series E notes, and then on 5 May 2017, the series E would cease to be legal tender. Legal Tender Deadlines. These have more or less disappeared from circulation already. With the expiry of the paper £5 and £10 notes, a string of banks and the Post Office gave people extra time to pay paper notes into their accounts - even when they stopped being legal tender. The new £20 note will enter circulation by 2020 and as with the next £5 and £10 notes will be printed on polymer (Photo: Bank of England/PA Wire) How long is the old £20 note valid for? NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now. More than a year after they ceased to be legal tender, there are still £1.5bn-worth of paper £5 and £10 notes that haven’t been cashed in. The old five pound note ceased to be legal tender on 5 May 2017. Exchanging old notes. The Bank of England said the new polymer £20 - featuring artists JMW Turner - is its most secure ever banknote. Older notes from the eighth series, released in 1995, remain legal tender … One note, with the number AA01, is being sold at £25 - five pound more than the cash value. The first notes are set to be released into circulation on the 20th of February 2020, after which date the old notes will be phased out of use until they are no longer legal tender. Accepted as cash in 1995, remain legal tender Threadneedle Street London EC2R 8AH ' notice they... 2020 we issued a new 12-sided coin replaced the old paper notes can still spend your old.. 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