No, old £20 notes are no longer legal tender. The old £20 notes ceased to be valid in September 2022, following the expiry date given by the Bank of England. However, you can still exchange the old notes even though the deadline has passed.
Can you still use old pound?
What to do if you have an old £1 coin. If you find an old quid, you won’t be able to use it any shops or businesses. And you won’t be able to exchange them for the new pound coins either.
Can you still use old 10 pounds?
The current £10 note replaces our paper £10 note which was withdrawn from circulation on 1 March 2018. You may be able to deposit withdrawn notes at your own bank or with the Post Office. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England.
Can you still use old 20 pounds?
Our paper £20 and £50 notes were withdrawn from circulation after 30 September 2022.
Will banks accept old pound coins?
Banks no longer have to legally accept old paper notes and coins once they have been withdrawn from circulation. However, some do continue to allow customers to deposit them into their accounts. According to MoneySavingExpert, Barclays, Nationwide and Santander banks all let customers deposit the old tender.
Do shops accept old pound coins?
The old £1 coin launched in 1983, replacing the old £1 banknote, and went out of circulation in October 2017. It has been replaced by a thinner, lighter 12-sided coin. The old round coins are no longer legal tender, and shops, restaurants and other retailers aren’t accepting them.
Do shops accept old ten pound notes?
Are old £10 notes legal tender? The old paper £10 notes that were withdrawn from circulation on 1 March 2018 are no longer accepted as legal tender. This means you cannot use them to buy any goods or services whatsoever. However, all is not lost, as you can exchange your old £10 notes for new ones.
Can you change old pounds at the Post Office?
Exchanging old banknotes
The Post Office will also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And you can always exchange withdrawn notes with us.
Where can I change notes in 2022?
From 4 to 20 January 2022, make a booking online and exchange up to S$1,200 worth of new notes at any OCBC Bank.
How do I get rid of my old 20 pound notes?
At some Post Office branches
The Post Office Opens in a new window may be able to accept withdrawn notes as a deposit into any bank account you can access with them. You can exchange certain banknotes at some Post Office branches, even after 30 September when the paper £20 and £50 cease to be legal tender.
Can shops refuse old 20 notes?
After 30th September the old-style paper notes won’t be accepted by shops or businesses as legal tender and so people are being encouraged to spend or deposit them as soon as possible.
How do I exchange old pound notes?
Exchange paper Bank of England banknotes from the last series that have been withdrawn from circulation at participating Post Office branches. We’ll give you the same value in current polymer notes. And you can swap up to £300 every two years.
Can I change old pound coins 2022?
Can I exchange old pound coins too? Royal Mint is the authority for the issuance and distribution of the pound coins, not Bank of England. Old pound coins can be deposited into bank accounts after their withdrawal although banks are not legally required to accept them.
Are old pound coins still legal tender 2022?
The old “round pound” stopped being legal tender on Sunday, October 15. However, if you didn’t manage to spend all of the old coins, you aren’t necessarily out of pocket. Customers can continue to deposit them into any many usual high street bank accounts.
Are old 1 pound coins worth anything?
Since the ’round pound’ was first minted in 1983, there have been a total of 24 different designs in circulation. Of these, the ‘Royal Arms’ is the most common, with over 600 million produced. If you’ve one of these, it’s unlikely to be worth more than its face value.
How long can I use old 10 pound notes?
The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. However, old notes can still be exchanged at the Bank now that this point has passed. Although the new tenners came in last year until the deadline the paper money continued to be legal tender so could be spent freely.
Do banks have to accept old notes?
Banks don’t legally have to accept old paper notes and coins once they’ve been withdrawn from circulation. However, some may continue to allow you to swap them, while others may let you deposit old notes and coins into your account.
Will banks still take old 5 and 10 pound notes?
All genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time and can still be exchanged over the counter. There is no fee for this service and there is no expiry on the period in which we will exchange old notes. Banknotes can also be exchanged by post.
Where can I change old currency?
You can look to exchange them at the following places:
- At your bank : The BoE says the easiest way to exchange notes is to deposit them with your bank.
- At the Post Office : The Post Office may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.
How much cash can you carry legally UK?
£10,000
You must declare cash of £10,000 or more to UK customs if you’re carrying it between Great Britain (England, Scotland and Wales) and a country outside the UK. If you’re travelling as a family or group with more than £10,000 in total (even if individuals are carrying less than that) you still need to make a declaration.
Can you still use old 20 notes 2022 in shops?
No, old £20 notes are no longer legal tender. The old £20 notes ceased to be valid in September 2022, following the expiry date given by the Bank of England. However, you can still exchange the old notes even though the deadline has passed.