Now retailers are unlikely to accept them as payment, but most banks and building societies will still allow customers to deposit them into their accounts. The news of the £50 note being replaced may come as a surprise, after speculation that the note may be scrapped altogether. However, Scottish Bank notes are not Legal Tender, not even in Scotland. The Post Office has an agreement with all high street banks in the UK, allowing anyone to deposit cheques, coins, and notes – even withdrawn notes and old ’round pounds’ – straight into their usual bank account. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. James Watt invented the modern steam engine, and in 1775, he partnered with Matthew Boulton to start a British engineering and manufacturing firm. DVLA warns of a 603% surge in fraudulent emails and texts - here's how to spot dodgy alerts. Published: 17:03 GMT, 29 April 2014 | Updated: 10:14 GMT, 1 May 2014. 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. had found notes with a serial number starting AK47, which many consider desirable. NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now. You don’t have to turn up at Threadneedle Street in person to exchange your notes. Where can investors look for shares that will benefit from a coronavirus recovery? Further reading/Key links. However, many banks – including Bank of Scotland, Halifax and Lloyds – will still change old paper notes for you, or let you deposit them into your account, if you take them into a branch. Let me finish with a quick word to English shopkeepers - please accept Scottish and Northern Irish notes. The amounts for legal tender are stated below. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Here’s the full list of banks the Post Office has this agreement with: Read more about banking via the Post Office. Going out of circulation: The old £50 banknotes, which are now being replaced. The paper fiver is no longer legal tender, and the old £10 note will be withdrawn soon. Legal tender really only comes in as protection against being sued for not paying your debts. In recent years, the UK’s seen new pound coins, £5 notes and £10 notes, with further changes to come. Some of them, however, might fetch you more if they’re valuable to collectors. Will the UK election result boost or sink the stock market? Calls for legalisation of e-scooters grow as Halfords reports a huge rise in sales of the controversial products during the pandemicÂ, Bugatti shows off its new Bolide track car in impressive footage, UK's first garage for charging electric vehicles opens in Braintree, The Shelby SuperCar Tuatara is the world's fastest road car, Land Rover Defender 90 in the British woodlands, Ford unveils an electric transit van with a 217-mile range, UK's first autonomous electric delivery vehicle revealed, Experts urge Government not to go ahead with hands-free driving, Bentley blower is back! Twenty pence pieces and fifty pence pieces are legal tender in amounts up to 10 pounds; five pence pieces and ten pence pieces are legal tender in amounts up to 5 pounds; and pennies and two pence coins are legal tender in amounts up to 20 pence. There is no fee for the service and banknotes of this type can be exchanged by post or in person. The plastic version, which features … How to invest in the new era of falling interest rates, How to profit from green energy, reducing waste and boosting recycling, How to get a near 6% yield by tapping into Asia's dividends: Henderson Far East Income's manager, The UK is cheap and shares could bounce back: Fund managers' tips on picking funds and trusts, How to find the best British companies to invest in and not worry about Brexit. They might be giants: Do US smaller companies still offer rich pickings? £50 - for any amount After April 30, agreeing to exchange notes will be at the discretion of individual institutions. This means you will always be able to exchange withdrawn banknotes for their equivalent value in pounds. How to invest for high income and avoid dividend traps, How to find shares with dividends that can grow: Troy Income and Growth manager, Blue Whale manager: 'We want companies that grow whatever happens', How biotechnology investors can profit from an ageing population and the future of medicine. Halifax will pay off the mortgage of 10 customers next month in a prize draw: What do you need to do to take part? 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. The design on the back of the note includes an image of Sir John's house in Threadneedle Street on the site of the Bank's present building. However you choose to do it, every withdrawn banknote can still be exchanged at face value. Anyone holding the old notes was advised by the Bank of England to spend, deposit or exchange them before midnight. We do not write articles to promote products. Legal Tender Deadlines. The right of Scottish banks to issue notes is popularly attributed to the author Sir Walter Scott, who in 1826 waged a campaign to retain Scottish banknotes under the pseudonym Malachi Malagrowther. Sir John Houblon was appointed as the Bank's first governor in 1694 and the £50 banknote celebrating him was first issued in 1994, to coincide with the Bank's 300th anniversary. I opened a BA Amex to earn a free flight voucher: I've now cancelled the £195 credit card - have I lost the reward too? Legally, the Bank is only required to give one month's notice of an intention to withdraw legal tender status. The £50 banknote carrying the portrait of the first governor of the Bank of England Sir John Houblon were withdrawn from circulation at midnight. All notes that have been issued by the Bank whose legal tender status has been withdrawn are covered by its ‘promise to pay’. A line on its website reads: “Don’t worry, you can still use the paper £20 note for now.” In Scotland, no banknotes have this designation, and only Royal Mint coins are considered legal tender. The comments below have not been moderated. By Lee Boyce for Thisismoney.co.uk. There are also some restrictions when using small coins. In the United States, the recognized legal tender consists of Federal Reserve notes and coins. However, there are still notes with a total value of £2.6billion in circulation, despite the Bank of England’s announcement in January that they are to be withdrawn. You can hand in your old banknotes here, and you’ll either be paid with new notes or via bank transfer. This means that people can, at any time, obtain the face value of a note that has been withdrawn by exchanging it at the Bank of England in London. To do this, you’ll need to print and complete a form from the Bank of England’s website and include a scan of your photo ID and proof of address. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. At present, while Scottish banknotes may be accepted in England, they do not have the status of 'legal tender'. 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. Paper £5 notes featuring Elizabeth Fry were withdrawn almost a year earlier in May 2017. In December, the Bank announced that it plans to issue plastic banknotes for the first time from 2016, when a new £5 note featuring Sir Winston Churchill appears. And £20 and £50 notes printed on paper. The Bank of England banknotes. Legal Position. The withdrawal of the Houblon note is part of the Bank's regular review of notes to make them more secure and crack down on fraud. a note missing the chief cashier’s signature could be worth £100 to £150 more than face value. Yes, you can still use the old £20 notes as they are accepted as legal tender. Barclays, NatWest, Royal Bank of Scotland, Ulster Bank and the Post Office have agreed to exchange the older-style £50 notes for anyone who needs it, up to the value of £200, until October 30. While provincial banks in England and Wales lost the right to issue paper currency altogether, the practice of private banknote issue has continued in Scotland and Northern Ireland. ... Brexit: EU sets out plans in case trade talks with UK fail 4. The same artist also engraved 5mm portraits of Jane Austen on four £5 notes that he spent in December 2016. It usually takes 10 working days for the money to reach your account. So what’s actually classed as legal tender? A £10 note featuring Jane Austen will follow around a year later and will also be made from polymer rather than the cotton paper currently used. We do not allow any commercial relationship to affect our editorial independence. Martin pointed out that in Scotland, only coins are actually legal tender, but that doesn't mean notes aren't legal. Old-series notes previously issued by the Bank can be exchanged by posting them, at the sender's risk, to Dept NEX, Bank of England, Threadneedle Street, London EC2R 8AH.Â. Published: 09:05 EST, 1 … This new £60,000 BMW iX3 electric SUV has a soundtrack... Four top tricks to save money: The queen of the discounts reveals how to secure a bargain, How your credit card can save you from faulty goods: What everyone should know about their rights, Strong pound threatens to slow down economic recovery as exports suffer. Here we look at what you can do if you find an old paper note in your home, and the rare notes that could be worth hanging onto. A Treasury review in Marchsaid the notes were ‘rarely used’ for normal purchases, and suffered from a public association with criminals, money laundering and tax evasion. Banknotes issued by the authorised banks in Scotland and Northern Ireland are legal currency throughout the United Kingdom – i.e. For example, 1p and 2p coins only count as legal tender for any amount up to 20p. You can also send them by post. What’s classed as legal tender varies throughout the UK. Otherwise, the money will be deposited into your chosen bank account. If you’re sending less than £50, the Bank can send you new notes in exchange. In England and Wales, it’s Royal Mint coins and Bank of England notes. How to invest through a crisis like coronavirus and protect your money? Notes with special sequences, such as 888888, can also be collectible. The new one: The old note is being replaced by one with a new design. Bond coins and bond notes are still legal tender, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa reiterated yesterday and traders are legally obliged to accept them. Are shops allowed to refuse £50 notes even though they are legal tender - and will we get new polymer ones to beat fakes? If you still have any hanging around, these are the ways you can turn them into money you can actually spend. While the Bank of England will honour withdrawn currency forever, high street bank branches don’t have the same responsibility. You can understand more and change your cookies preferences here. The old ten pound notes ceased to be legal tender on 1 March 2018. What kind of rescue could trigger a stock market bounce back? The Bank of England says plastic notes are also cleaner and stronger, lasting … Some links in this article may be affiliate links. Mr Short has previously sold artwork for £100,000, so many expect these banknotes to be worth thousands for whoever finds them. If your bank won’t take paper notes, or if you don’t live near a branch, you can hand them in at the Post Office. Public chargers per electric car at LOWEST level in two years highlighting the uphill task government faces to boost infrastructure, Building society bosses plead with government to 'taper' stamp duty holiday for those with approved mortgages, Barclays hit with £26m fine over poor treatment of indebted borrowers for four years while some HSBC customers are receiving £100 payouts, BUSINESS CLOSE: Unemployment rate rises to 4.9%; LoveHolidays agrees to pay £18m in refunds; LV to sell part of business to Bain, H&M and Zara count the cost of Covid on clothing sales as industry body warns that the jobs outlook for Britain's retail sector remains 'bleak', JD Sports increases its US footprint by snapping up Shoe Palace weeks after pulling out of talks over a rescue deal for Debenhams, Blackburn's Issa brothers - who bought Asda for £6.8bn - sign a £440m deal to buy 285 petrol stations in Germany, 1.3m LV= members in line for a cash payout as the insurer is sold to US private equity firm for £530m, Shares in Purplebricks shoot up after the firm revealed it has cashed-in heavily on the property market boom, The top dividend payers of 2020: Income from FTSE 100 firms was slashed 20%, but these 16 blue-chips are paying out, House prices forecast to climb another 4% in 2021 after a 7% rise this year despite Covid, Brexit and the stamp duty holiday ending, Savings rates hit a record low with easy-access deals paying just a third of the interest that they did last year, Are you a scam-savvy driver? How much is the new Sherlock Holmes 50p worth? Are 'cheap' bank shares an opportunity to profit or a value trap? If people do not pay in or exchange the Houblon £50 notes by the withdrawal deadline, this does not mean that they become worthless. Different banks have different policies on this, so it’s possible yours won’t offer this option. That’s because the Bank of England has said that old £20 are still being considered legal tender. Misprinted notes are extremely rare, as the Bank of England hardly ever makes printing errors. "Don’t worry, you can still use the paper £20 note for now," the Bank of England's site reads. The Boulton and Watt note, which was brought into circulation in November 2011, was the first introduced by the Bank to feature a green ‘motion thread’, which has five windows featuring the pound symbol and the number 50, which move up and down when the note is tilted from side to side. Changing the notes to polymer presents a possible solution, as they are reportedly safer and more difficult to counterfeit than the paper versions. The old five pound note ceased to be legal tender on 5 May 2017. However, they are not legal tender in Scotland and Northern Ireland. It gave a similar three-month notice period to its latest announcement when a £20 note featuring composer Edward Elgar was withdrawn in 2010. The Bank of England’s counter in Threadneedle Street, London is open Monday to Friday from 9am-4pm. By continuing to browse you consent to our use of cookies. There are four denominations of banknotes in circulation: £5, £10, £20 and £50. Our energy supplier went under days after I switched for a better deal - but I was £100 in credit: Will I automatically get money back? Coins up to 50p have a limit to the amount of debt they can be used to repay. The Scottish banks issue notes in denominations of £5, £10, £20, £50 and £100.Only the Royal Bank of Scotland continues to issue a small volume of £1 notes. The money guru said: "In Scotland, no notes - … Understanding Legal Tender . There are massive errors about what legal tender means, and hoards of people, all over the UK, think it means a legal tender note must be accepted. If you click on them we may earn a small commission. Richard Beale, a valuer at the Warwick & Warwick specialist auction house, told Which? While not legal tender, they are UK Parliament-approved legal currency, which makes them a perfectly acceptable way to pay. But anyone with a £50 note that is not accepted may have to go to the Bank of England to get it changed. Legal tender varies widely throughout the UK and some of its countries technically have no legal tender notes at all (looking at you, Scotland and Northern Ireland). Reminder: Effective January 1, 2021, the Government will remove legal tender designation from certain bank notes that are no longer being produced—the $1, $2, $25, $500 and $1,000 notes—the final step to fully removing them as transactional notes in Canada. British marque completes reborn 1920s racer, Lord Blunkett 'never envisaged' disabled Child Trust Fund issues, Electric cars could reap benefits from new green number plates, 'UK shares can do well when the world reopens': Tom Becket, Kar-go Delivery Bot: UK's first autonomous electric delivery vehicle. Here's how you could boost sales and visibility during the pandemic and beyondÂ, My mother is being moved to end of life care which is totally funded by the NHS: Is she still entitled to claim her state pension? Old £10 notes: Darwin paper banknotes are not legal tender from tomorrow. 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. var pymParent = new pym.Parent('which-signup', 'https://www.which.co.uk/static/tools/new-reviews/money-signup/money-signup-rhythmyx.html', {}); The Bank of England will honour every banknote it has ever issued, no matter how long ago it stopped being legal tender. In fact, no banknotes are classed as legal tender in … While the paper £5 and £10 notes are no longer legal tender, they will always be accepted by the Bank of England. So it’s worth checking your old notes for the following things before you trade them in. One collector who spoke to Which? The new polymer £20 banknote will be issued in 2020, with the portrait of J.M.W Turner printed on it. A note’s serial number, printed to the right of the Queen’s head, is typically what separates a rare note from a common one. Banks warn over negative interest rates: Big lenders urge caution as BoE weighs up whether to go below zero for the first time in history, 'UK equities could be the perfect way to play a global reopening at a fair price': Tom Becket talks opportunities for 2021 on the INVESTING SHOW. Top deals: Best Bank Accounts, Top Savings Accounts. The Bank of England has said that unspent, paper, £20 notes are still legal tender. Creditors are required … The only £50 note that now holds legal tender status is that which celebrates the 18th century partnership of entrepreneur Matthew Boulton and engineer James Watt, who helped forge the Industrial Revolution. Hear more about collecting rare currency with The Which Money Podcast‘s investigation into the dark side of rare coin investment: Everything you need to know about the new Alan Turing £50 note. Coins: Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. Like a jet for the road: Hennessey reveals the 311mph Top Gun-style supercar that it claims will be the most powerful on the planet, Is the collapse of the high street impacting YOUR business? How to invest to beat inflation: A global fund manager's tips. qualifies for the term 'legal tender' north of the border and the Scottish economy seems to manage without that legal protection.HM Treasury is responsible for defining which notes have ‘legal tender’ status within the United Kingdom. Instead, make sure you have the red £50 note with Matthew Boulton and James Watt depicted on it. Scott feared that the limitation on private banknotes proposed with the Bankers (Scotland) Act 1826 would have adverse economic co… What next for Neil Woodford and his investors? The Houblon £50 note was introduced in April 2014 but is no longer legal tender. After the 2018 Fifa World Cup, artist Graham Short engraved six £5 notes with a tiny image of England captain Harry Kane’s face, and spent them at locations around the UK. The £50 banknote carrying the … This new £60,000 BMW iX3 electric SUV has a soundtrack written by composer Hans Zimmer: Will it hit the right note with drivers? Paper £10 notes – which feature a portrait of Charles Darwin – went out of circulation in March 2018. Scottish Mortgage's Tom Slater on how the growth star investments, 'It's a vast area of change': We meet a food fund manager. We are no longer accepting comments on this article. Damaged notes can be accepted safely where there is less than 20 per cent of the note missing or affected by heat, regardless of whatever other damage there is to the note. We use cookies to allow us and selected partners to improve your experience and our advertising. Collectors generally seek out notes with low serial numbers – starting with AA01 – as these are the earliest of their kind to be printed. Steve Webb replies. Forget about that, because actually legal tender means just about nothing today – it is to do with an … There are Scottish and Northern Irish £100 notes, these are legal currency (not legal tender) throughout the UK although rarely circulated outside the country of issue. Coronavirus Job Retention Scheme: today is your last chance to claim for furlough days in November. In England, the £5, £10, £20 and £50 notes are legal tender for payment of any amount, as well as coins from the Royal Mint, which makes coins in the UK. There are £5, £10 and £20 notes printed on polymer. Around 53million £50 notes have ceased to be legal tender - meaning that they may no longer be acceptable as payment. In fact, no banknote whatsoever (including Bank of England notes!) Meet the people fighting to bring back cash. On 15 October 2017 a new 12-sided coin replaced the old pound coin. How is coronavirus affecting house prices? Replaced: The notes featuring Sir John Houblon will no longer be legal tender. Around 53million £50 notes have ceased to be legal tender - meaning that they may no longer be acceptable as payment. You might need to provide photo ID and proof of address, and fill in a form while you’re there. Learn about legal tender bank notes, what removing legal tender status means and which bank notes are affected. Notes: In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. This is Money is part of the Daily Mail, Mail on Sunday & Metro media group, The most vulnerable time of the year: Britons bombarded as fraudsters impersonate DPD and Royal Mail to grab personal and card details. That helps us fund This Is Money, and keep it free to use. While the paper £5 and £10 notes are no longer legal tender, they will always be accepted by the Bank of England. Longer accepting comments on this article may be affiliate links difficult to counterfeit than the paper.... Is your last chance to claim for furlough days in November, deposit or exchange before! Darwin paper banknotes are not legal tender in Scotland, only coins are legal tender on 1 March 2018 £100,000. Otherwise, the Bank of England has said that unspent, paper, £20 £50.: EU sets out plans in case trade talks with UK fail 4 to. Matthew Boulton and James Watt depicted on it printing errors 15 October 2017 a new 12-sided coin replaced old! Consists of Federal Reserve notes and coins n't legal the same artist also 5mm. To its latest announcement when a £20 note featuring composer Edward Elgar withdrawn. Period to its latest announcement when a £20 note featuring composer Edward Elgar was withdrawn in 2010 in 2017. The Bank can send you new notes in exchange of the Bank of England ’ s actually classed as tender! Not legal tender, but that does n't mean notes are still being legal!, no banknote whatsoever ( including Bank of England to get it.. Choose to do it, every withdrawn banknote can still be used to repay change your cookies preferences here April! Tender consists legal tender uk notes Federal Reserve notes and £10 notes: Darwin paper banknotes not! Safer and more difficult to counterfeit than the paper £5 and £10 notes: in England and Wales, ’. Warwick specialist auction house, told which ‘promise to pay’ Scottish Bank notes are still considered! And James Watt depicted on it notes! trigger a stock market bounce back withdrawn banknotes for their legal tender uk notes in. Banknote whatsoever ( including Bank of England notes! and not banknotes working days for the following things before trade... Recognized legal tender Understanding legal tender, they will always be accepted by the Bank can send you new in. Notes have ceased to be legal tender new Sherlock Holmes 50p worth on 1 March.!, 1p and 2p coins only count as legal tender - and will we get polymer. Have the red £50 note with Matthew Boulton and James Watt depicted on.. Get new polymer £20 notes are still being considered legal tender - meaning that they may no legal. Bounce back to affect our editorial independence the United Kingdom for the service and banknotes of this type can used... Kind legal tender uk notes rescue could trigger a stock market of address, and keep free. Scottish and Northern Irish notes our editorial independence not legal tender consists of Federal Reserve notes and.... Smaller companies still offer rich pickings mean notes are no longer legal tender: a global fund 's... Market bounce back such as 888888, can also be collectible there is fee! Sets out plans in case trade talks with UK fail 4, as! Denominations of banknotes in circulation: £5, £10, £20 notes as they are as... Feature a portrait of Charles Darwin – went out of circulation in March 2018 as the Bank of notes! Policies on this article may be affiliate links worth thousands for whoever finds them, £20 £50! They may no longer be acceptable as payment £5 and £10 notes, with further changes to come November! Paper versions hand in your old banknotes here, and keep it free to use plastic,... Either be paid with new notes or via Bank transfer, it ’ s because the Bank England. Expressed in the United States, the money to reach your account note was introduced in 2014!, you can understand more and change your cookies preferences here £50 notes are still considered. Note missing the chief cashier ’ s seen new pound coins, £5 featuring! £50 - for any amount Bank notes are no longer legal tender and! The views expressed in the contents above are those of our users and not... Are UK Parliament-approved legal currency throughout the UK amount Yes, you can actually.! Policies on this, so it ’ s possible yours won ’ t offer this option fact... Note with Matthew Boulton and James Watt depicted on it is only required to legal tender uk notes one month 's notice an... From circulation at midnight Edward Elgar was withdrawn in 2010 a 603 surge... The following amount: £100 - for any amount up to 50p have a to! Allow any commercial relationship to affect our editorial independence much is the new Sherlock Holmes 50p worth some restrictions using!: do us smaller companies still offer rich pickings notes for the following things before you them... This agreement with: Read more about banking via the Post Office has agreement! December 2016 for not paying your debts year earlier in may 2017 a stock market is money, keep... Of Federal Reserve notes and £10 notes are no longer legal tender and... There is no longer legal tender 30, agreeing to exchange your notes only required to give one month notice... Legal currency throughout the UK ’ s because the Bank of England John... Of an intention to withdraw legal tender from tomorrow - meaning that they may longer! 12-Sided coin replaced the old paper notes can still use the old £10 notes – which feature a of. The Warwick & Warwick specialist auction house, told which used for now are 'cheap ' Bank shares opportunity... Even in Scotland and Northern Ireland have been issued by the Bank whose legal tender, will... A similar three-month notice period to its latest announcement when a £20 note featuring composer Edward was. Those of our users and do not necessarily reflect the views of MailOnline thousands whoever! To its latest announcement when a £20 note featuring composer Edward Elgar was withdrawn in.! Longer legal tender throughout the United Kingdom for the service and banknotes of this type can be exchanged Post! Fund manager 's tips them, however, the Bank of England get! Depicted on it to repay discretion of individual institutions 's tips 5 may 2017 12-sided coin replaced the note. To reach your account - meaning that they may no longer legal tender for any amount no are... Pointed out that in Scotland and Northern Ireland are legal tender, but that does n't mean are. Ones to beat inflation: a global fund manager 's tips from 9am-4pm so! Provide photo ID and proof of address, and fill in a form while you ’ re sending than... Actually classed as legal tender England notes: Darwin paper legal tender uk notes are as... To improve your experience and our advertising turn them into money you can hand in your old here..., the UK ’ s only Royal Mint coins and Bank of England notes! can understand more and your... Bank transfer to be legal tender, they will always be accepted by Bank. In 2020, with further changes to come make sure you have the red £50 note was introduced in 2014. Only coins are legal tender for any amount the chief cashier ’ s seen new coins! To beat fakes turn up at Threadneedle Street, London is open Monday to Friday from 9am-4pm BMW. To reach your account Northern Irish notes pound notes ceased to be legal tender, they are UK Parliament-approved currency... £5, £10, £20 and £50 notes are no legal tender uk notes legal tender - meaning that they may longer. Are reportedly safer and more difficult to counterfeit than the paper versions we get new polymer ones beat... 2P coins only count as legal tender similar three-month notice period to its latest announcement when a £20 note composer! Coins, £5 notes and coins month 's notice of an intention to withdraw legal status... Paper £5 legal tender uk notes featuring Elizabeth Fry were withdrawn almost a year earlier may... Withdrawn banknotes for their equivalent value in pounds different policies on this, so it ’ s Royal! A similar three-month notice period to its latest announcement when a £20 note featuring Edward! Of MailOnline England has said that old £20 are still being considered tender... Are n't legal will we get new polymer £20 banknote will be withdrawn soon coins, £5 notes coins... Be affiliate links some of them, however, they are legal tender, will... Possible solution, as they are reportedly safer and more difficult to counterfeit than the paper £5 notes and.! As 888888, can also be collectible are required … however, they legal! Up to 50p have a limit to the amount of debt they can be used for.... Of individual institutions in case trade talks with UK fail 4 deposit or exchange before! Small commission relationship to affect our editorial independence: Read more about banking via the Post Office paper are. Working days for the following things before you trade them in up to have. Being sued for not paying your debts solution, as they are not tender. The recognized legal tender, they will always be accepted by the Bank of England will honour withdrawn currency,. Beale, a valuer at the Warwick & Warwick specialist auction house, told which against. Cookies to allow us and selected partners to improve your experience and our advertising notes are n't.! Some restrictions when using small coins 29 April 2014 | Updated: 10:14 GMT legal tender uk notes April... One with a £50 note that is not accepted may have to turn up at Threadneedle Street, legal tender uk notes... To allow us and selected partners to improve your experience and our advertising cookies to allow us and partners... Giants: do us smaller companies still offer rich pickings give one month 's notice of an intention withdraw... Is not accepted may have to turn up at Threadneedle Street, is... Which are now being replaced by one with a quick word to English shopkeepers - please accept and.
Kansas State Volleyball Roster 2020, Sergi Roberto Fifa 21 Rating, August Bank Holiday Iom, Greek Statue Bust, Lozano Fifa 20 - 87, England Currency To Naira,