So far this month, more than £100 million has been deposited at Swiss Post offices. This will officially be the last day you can use your old £50 tickets in shops, pubs and restaurants. Paper notes have been replaced by new polymer notes: the £20 note includes JMW Turner and the £50 alan Turing note. The Bank of England has confirmed that the old £50 notes will expire on Wednesday 30 September 2022. To send them by mail, fill out an exchange form and send it with the tickets and photocopies of your identity card and proof of address. Just bring two badges (photo ID and proof of address) – which is mandatory when exchanging tickets over £700. You will then be offered a new ticket or the possibility to deposit the amount into your bank account. Damn your pockets, purses and the back of your couch for your old £20 bills. The old paper notes of £20 and £50 will no longer be legal tender.
In March, the Bank of England`s Chief Treasurer, Sarah John, said: „In recent years we have moved our banknotes from paper to polymer because these designs are harder to counterfeit and at the same time more durable.“ After Friday, people will still be able to drop off paper notes at their post office, and many UK banks will also accept banknotes as deposits from customers. After 30 September, these paper notes are no longer legal tender. People will no longer be able to use them in stores. You can still receive paper notes from companies or others until September 30, 2022. Focus on these important security features to confirm that a 20 or 50 pound paper note is genuine: download our free training materials to check your banknotes. 30 September 2022 is the last day you can use our paper tickets worth £20 and £50. The postmaster and his staff are available to give you human peace of mind that your old notes have been deposited into your bank account and will also present a receipt. Most post offices have been open for a long time, even on Friday.â Friday is the last day Old-fashioned bank notes of the Bank of England will be legal tender after being replaced by polymer versions After September 30, only our polymer notes will have legal tender status. However, the Bank of England warns that people should be „aware that banknotes are sent at their own risk“ and encourages people to „take appropriate measures to insure themselves against loss or theft“. We will revoke the status of our £20 and £50 banknotes after 30 September 2022. Cashiers at the Bank of England`s central branch on Threadneedle Street in London like to replace the old £50 notes. The Bank of England will always exchange the old paper notes so that people who missed the deadline are not left out of their pockets.
To exchange old banknotes after the deadline, you can mail them to the Bank of England. „The post office can also accept withdrawn tickets as payment for goods and services or as a deposit into any bank account you can access with them,“ says the Bank of England. The last day to use the old £20 and £50 paper notes is 30 September 2022. When do the old £50 notes expire? This is the question most people ask themselves with paper notes in their wallets, as the new £50 polymer has been circulating for some time. The new £50 note is the last British currency to be printed on polymer. The Bank of England turned to this material because it „makes counterfeiting more difficult than paper notes“. The old paper notes of £20 and £50 will no longer be legal tender. But in March, the Bank of England said there were still £7 billion worth of £20 notes and £10.5 billion worth of £50 notes in circulation. After this date, many UK banks accept withdrawn banknotes as customer deposits. Some post offices may also accept withdrawn tickets as a deposit to any bank account you can access with them. Polymer notes have different safety features. Find out how to check all our banknotes This expiry date also applies to the old £20 banknotes that were replaced by the new polymer note in 2020.
Focus on these two most important security features to confirm that your notes are genuine. The Bank of England can deposit the money into a bank account, by cheque or (if you live in the UK and the amount is worth less than £50) in new banknotes. If you have paper notes of 20 or 50 pounds, we recommend that you use them before September 30, 2022 or deposit them with your bank or post office. Both paper and 50-pound polymer banknotes are in circulation and are currently considered legal tender. But you need to make sure you spend your £50 paper ticket now before the expiry date. The Bank of England said: „Banknotes are resistant to dirt and moisture and therefore stay in better condition longer. These notes also have touch functions that allow blind and visually impaired people to use them. „Many banks and some post offices accept old £20 notes as a deposit into a bank account. Martin Kearsley, Director of Post Bank, said: „We are fully aware that people are living busy lives and that some may postpone the deposit of their £20 and £50 notes until the last moment. Once the deadline of 30 September 2022 has passed, you will no longer be able to use Bank of England paper notes in stores or use them to pay businesses. Swiss Post is preparing for a rush of „last-minute“ customers dropping off £20 and £50 paper notes this week before they can no longer be used in stores or to pay businesses. It came out with the old and in with the new one, just like the expiration date of the £20 note (will open in the new tab), the old £50 notes will soon be withdrawn from circulation.
When the paper notes are returned to the Bank of England, they will be replaced by the new £20 polymer notes with JMW Turner and the £50 polymer notes with Alan Turing. Although the old £50 notes officially expire at the end of September, you can exchange your paper notes for a new polymer note after that date. Tomorrow, these paper tickets will no longer be legal tender and will no longer be accepted in stores. The Bank of England will still exchange all withdrawn notes, including paper notes that we have withdrawn in the past. Send them to the NEX Department, Bank of England, Threadneedle Street, London EC2R 8AH. Under ultraviolet light, the number „50“ appears in bright red and green on a more boring background. The movement wire also appears light green. Postal operators have set up their branches to process large amounts of cash, with more than £3 billion in cash deposited and withdrawn from branches each month. Colorful shapes are printed on the front and back of the banknote, which combine to form a „£“ symbol when held against the light. Drag the note or use the slider to learn more about the note`s features The old £50 paper note features English manufacturer Matthew Boulton and Scottish engineer James Watt.