One year left to spend your paper £20 and £50 banknotes
With the withdrawal of paper £20 and £50 notes after 30 September 2022, people are being encouraged to spend or deposit them at their bank or post office.
These notes are being replaced with the new polymer £20 notes featuring J.M.W. Turner, and polymer £50 notes featuring Alan Turing. After 30 September 2022, the new polymer notes will be the only ones with legal tender status.
After 30 September 2022 people with a UK bank account will still be able to deposit withdrawn notes into their account. Some post offices may also accept withdrawn notes as payment for goods and services or as a deposit to an account accessed via them.
For more information on this please visit the Bank of England website.