This note replaces our paper £50 note which was withdrawn from circulation after 30 September 2022. You may be able to deposit withdrawn notes at your own bank or with the Post Office. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England.
About £6.6bn in old banknotes has not been cashed in across the UK, even though the paper £20 and £50 stopped being legal tender in October 2022. Paper banknotes have been replaced with plastic notes with a series of security features.
Many self-service checkouts do not accept £50 notes due to concerns about counterfeiting and the need for high-value change. However, some newer machines, especially in supermarkets like Tesco, Sainsbury's, and Asda, do accept them, particularly if they have updated banknote validators for polymer notes.
£100 notes have not been issued by the Bank of England since 1945, but they are issued by some banks in the Channel Islands, Scotland and Northern Ireland.
£50. The current £50 note features Alan Turing. We began issuing banknotes featuring the King's portrait on 5 June 2024, with no other changes to existing designs. Banknotes that feature the portrait of Her late Majesty, Queen Elizabeth II remain legal tender and are co-circulating alongside King Charles III notes.
Hello Dougie, I am very sorry to learn about your bad experience in our pub about not accepting £50 notes. This is a company wide decision taken some time ago which all JDW pubs have to adhere to.
Shops tend not to accept them because there are so many forgeries out there. It was the same with £20 notes a couple of decades ago when they were "rare" - lots of shops wouldn't take them. Fifties are seen so infrequently that you don't know if it is a forgery or not.
Shoppers who use £20 or £50 notes have been given a six month warning. A warning has been issued to anyone who still uses cash to pay for their shopping. If you use the wrong notes at shops like ASDA, Tesco, Aldi, M&S or Morrisons from September, your transaction will be rejected.
"legal tender" is anything that can be used to pay a court debt. Shops are under no obligation to accept it, and can accept payment however they choose. That also means they can reject payments however they choose.
According to the Bank of England's latest statistics, a total of 344 million of them, with a combined value of £17.2bn, are in the system. While this makes them the least used notes in transactions, it means they are only slightly less common than £5 notes. There are 396 million £5 notes in circulation.
When Will Queen Elizabeth Money Stop Being Legal Tender? The good news is that there is currently no hard stop date for Queen Elizabeth money. Just as you've got both QEII and King Charles coins mingling in your purse, it'll be the same for notes for the foreseeable future.
The £100 note is currently the largest denomination of banknote issued by The Royal Bank of Scotland. The current Ilay series of banknotes was first issued in 1987. These banknotes feature a portrait of Lord Ilay, first governor of the bank, on the front. Lord Ilay's image is also used as a watermark on the notes.
This note replaces our paper £50 note which was withdrawn from circulation after 30 September 2022. You may be able to deposit withdrawn notes at your own bank or with the Post Office. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England.
Alan Turing's efforts during World War II helped ensure the victory of Britain and the Allies against Nazi Germany. Turing's work at Bletchley Park helped to decipher German codes, including how to find the settings for the Nazi's 'Enigma' machines.
The new Series G £50 note was brought into circulation in June 2021; it is the last of the Bank of England's notes to switch from paper to polymer. The reverse of the note features a portrait of mathematician and codebreaker Alan Turing. The image of Alan Turing was selected by the Bank of England in 2019.
A shop is under no obligation to sell you anything, nor to sell it to you at the price on the label. They can choose to refuse your note because a display of priced goods is merely an "offer to treat" - to negotiate a deal - although negotiating the price of a Mars bar downwards doesn't often work.
Tesco refused to accept the £100 worth of coins and said some were discoloured and foreign and it would have taken too long to search through the money.
The answer is... of course you can! Our Scottish currency is the British Pound (GBP) and all notes that say “Pound Sterling” are accepted. Both Scottish and English notes are widely used in Scotland. We use the same coins in Scotland and England, so they are fine too.
