You can do this in person if you accompany each other on weekdays between 9.30am and 3pm (if you are in London) or you can send your tickets to the bank (opens in a new tab). If you want to exchange the old notes for a new tender, you will have to go to a bank, a construction company or a post office. However, old notes can still be exchanged at the bank after this point expires. The deadline coincides with the Banks of England`s deadline to withdraw £20 and £50 banknotes from circulation, which is also 30 September. They can also give you old tickets for charity. Many charities accept foreign currency coins, but some, like the Royal National Institute of Blind People, also accept coins that have also been withdrawn from circulation. Swiss Post will continue to accept paper tickets after the deadline, as will some construction companies. The old £20 notes have a picture of Adam Smith on them and the old £50 notes have bolts and watts. There are only 30 days left to use the old paper banknotes worth £20 and £50. If you think you have them (don`t forget to look behind the couch and the kids` ticket boxes), you only have until September 30 to take them out or check them in. After that date, they will no longer be legal tender, the Bank of England said.
We explain what you need to do – and what to do if you also find old “dozens”. As part of the application process, you must enter the serial numbers of all “partial notes” for which you are submitting an application. Sending banknotes by mail is at your own risk, so it may be worth considering sending them by special delivery. A store operator can choose the payment they accept. If you want to pay for a pack of chewing gum with a £50 bill, it`s perfectly legal to refuse it. It is also a matter of discretion for all other tickets. If your local family store decides to only accept payments with Pokémon cards, this would also be within their rights. But they would probably lose customers. To facilitate identification, the three issuing banks in Scotland use the same main colour for each denomination: blue for £5, brown for £10, purple for £20, green for £50 and red for £100. [7] This colour scheme is similar to current Bank of England banknotes (except that the £50 Bank of England note is red rather than green and does not issue a £100 note). With the introduction of polymer banknotes, the colour of the £50 and £100 banknotes was changed to red and turquoise respectively.
The size of the banknotes is also uniform across the three Scottish banks and the Bank of England. Scottish polymer banknotes now account for around 90% of the 20% and 50% of the £50 banknotes in circulation in Scotland. The process of writing the notes was presented as “working with the Scottish people”, involving a total of 1,178 Scots. Nile HQ,[15] a strategic design firm led the redesign process and De La Rue printed the notes. Each note contributes to a general theme “Fabric of Nature”. Given the national importance of the score, Nile HQ invited Scottish designers, photographers and calligraphers to develop the creative concept of the new score (O Street[16], Graven Images[17], Timorous Beasties[18], Stuco[19] and Susie Leiper[20]). Many banks accept withdrawn notes as customer deposits. Swiss Post can also accept withdrawn banknotes as a deposit to any bank account that you can access at the post office. And you can exchange withdrawn tickets with us at any time. If you are not sure if your ticket is still classified as legal tender, you can visit the Bank of England website (which will open in a new tab). Many common and secure payment methods such as checks, debit cards and contactless are not legal tender. But here too, it makes no difference in everyday life.
You can deposit obsolete banknotes or coins into your bank account from 15 September via some local post offices up to £300. Here are all the branches where you can exchange old banknotes, according to the Bank of England. Since 2015, polymer banknotes have replaced newly printed banknotes due to new security features and environmental benefits due to their longevity. Remember: mailing tickets is at your own risk, and there`s a chance they won`t arrive at their destination. If you send them by mail, be sure to send them by registered mail or special delivery. While the Bank of England will exchange notes indefinitely, it will not exchange coins. A CSCB spokesman confirmed: Thanks to the work that issuing banks have already done to exchange old paper notes for safer, greener polymer notes, the majority of 5- and 10-pound notes have already been replaced with polymer. The previous series of Royal Bank of Scotland banknotes, originally issued in 1987, is currently being replaced by polymer banknotes: the Scottish Bankers` Committee has encouraged the public to issue or exchange non-polymer five- and ten-pound notes before 1 March 2018, which have now been withdrawn from circulation. [6] On the front of each note is an image of Lord Ilay (1682-1761), the bank`s first governor, based on a portrait painted in 1744 by Edinburgh artist Allan Ramsay. [21] On the front of the banknotes is also an engraving of the bank`s former headquarters in St. Andrew Square in Edinburgh. The background graphic on both sides of the banknotes is a radial star drawing based on the richly decorated ceiling of the bank hall in the former main building.
[22] On the back of the notes are images of Scottish castles, with a different castle for each denomination. There is no time limit when it comes to exchanging old banknotes through the Bank of England. Download our free training material to check your banknotes. While there is no law that says you can`t keep old banknotes as souvenirs, you can no longer spend them in shops, restaurants, or to pay for services once they`re not legal tender. But you have options to make them expendable again. What is classified as legal tender varies across the UK. In England and Wales, these are coins from the Royal Mint and banknotes from the Bank of England. In Scotland and Northern Ireland, these are only Royal Mint coins and not banknotes.
