Exchanging Old British Banknotes.
30th September 2022 is the last day you can use the UK paper £20 and £50 notes for retail purposes.
New £20 and £50 notes are made of polymer, and have been issued to aid in the reduction of counterfeit currency in the UK.
Withdrawn paper notes can still be exchanged or deposited into a bank account.
The withdrawn paper notes can always be exchanged at the Bank of England for new notes at any time after 30th September 2022.
If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank.
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. The Post Office website has more information.
More at: bankofengland.co.uk
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