The Bank of England has said that unspent paper £20 notes are still legal tender. Click here to use the simple new transition checker tool and instantly get a personalised lists of actions for you, your family, and your business. explains more about how we use your data, and your rights. Legal Tender Deadlines. Notes: In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. 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 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. So there might be a few households that have not got round to spending their old paper scores. You can unsubscribe at any time. 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. 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? These have more or less disappeared from circulation already. Any old notes that no longer have legal tender status can be exchanged at the Bank of England itself at any time. The new £20 note | Read more E ven if a bank refuses to accept discontinued notes, there is one final option. Iceland is offering shoppers a delicious and easy Christmas dinner option this year for a bargain price - but is it as tasty as cooking it from fresh? I just checked my int'l wallet and I have no £10 notes. Polymer notes came into circulation earlier this year. The amounts for legal tender are stated below. 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The better news is there's no rush to spend them - with the Bank also promising 6-months notice before they are withdrawn. What happens to the old paper £20 notes? When you subscribe we will use the information you provide to send you these newsletters. The Bank of England recently issued the new £20 note. And there won’t be a rush to get out and hand your notes over to a shopkeeper any time soon. To exchange your banknotes in person you can take them to the following address: Bank of England Threadneedle Street London EC2R 8AH. Thank you. 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'. In the eight months since then, it's fair to say things have been a little unsettled - with lockdown seeing shops close, an accelerating move to contactless payments and a rise in online shopping just a few of the consequences for the global conronavirus pandemic  on the UK. At this point, that means spenders have at least until April to make use of the cash. However, it is a long time since some of these banknotes actively circulated in Australia and many retailers and members of the public may be reluctant to accept them if they are not familiar … 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. Even though the new notes have entered circulation, you can still spend your old notes. The Bank said it will give six-months notice before the notes are no longer accepted as cash. New $5, $10, $20, $50 and $100 banknotes are now in circulation. Exchanging old notes. There are also some restrictions when using small coins. 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. There are over two billion £20 notes in circulation. We will give six months’ notice of this withdrawal date. The best way to guarantee a swap is to head to the Bank of England itself. Older notes from the eighth series, released in 1995, remain legal tender … However, they are not legal tender in Scotland and Northern Ireland. 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. "Don’t worry, you can still use the paper £20 note for now," the Bank of England's site reads. My next trip to England is in April. We will announce the withdrawal date after we have issued our new polymer £20 note. The date that paper £20 notes cease to be legal tender has not been decided. The plastic version, which features … 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. 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. The old five pound note ceased to be legal tender on 5 May 2017. A line on its website reads: “Don’t worry, you can still use the paper £20 note for now.”. What’s classed as legal tender varies throughout the UK. Coins: Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. On February 20, 2020, the Bank of England released a new, polymer, £20 note - to replace the existing paper ones. All previous issues of Australian banknotes retain their legal tender status. 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. 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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. 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 features a portrait of JMW Turner, the 18th and 19th-century British artist known for his vivid landscape and marine paintings. Your old £20 note is still a legal tender and will be accepted by all retailers - so, it's business as usual for now. The old ten pound notes ceased to be legal tender on 1 March 2018. A line on its website reads: “Don’t worry, you can still use the paper £20 note for now.” Even after then you can still exchange them for new £20 notes. Matching numbers, such as 123456 or 222222, might catch a collector’s eye and earn you a pretty penny. 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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. All previous issues of Australian banknotes retain their legal tender status. Bank of Ireland (UK) plc issues banknotes in denominations of £5, £10, £20, £50 and £100. "Don’t worry, you can still use the paper £20 note for now," the Bank of England's site reads. One note, with the number AA01, is being sold at £25 - five pound more than the cash value. That’s because the Bank of England has said that old £20 are still being considered legal tender. The Bank of England said the new polymer £20 - featuring artists JMW Turner - is its most secure ever banknote. 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. 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