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Start banking your paper £20 and £50 notes now

Jun 21, 2022 |

30 September 2022 is the last day to use paper £20 and £50 notes.

Post Offices can accept withdrawn paper notes as a lodgement into any partner bank account at the counter but should not swap out notes unless you are one of the small number of offices who have an agreement to do so.

The Bank of England (BoE) will continue to accept paper £20 and £50 notes after the 30 September.

If you would like to read more information on the old paper notes or to download any resources to help identify fakes, please click HERE

The polymer £20 notes have been in circulation since February 2020, and the polymer £50 notes have been in circulation since June 2021.

Here are some key features of the new polymer notes to help identify any fakes; a hologram image changes when tilted, and the notes have see-through windows to check foil is gold and green at the front and silver at the back.

For free training materials for the new notes from the BoE, click HERE

Tags: Finance, Banking, Retail