Is paper money still legal?

While the paper notes are no longer legal tender, a spokeswoman said “all genuine Bank of England banknotes that have been withdrawn from circulation retain their face value. There is no expiry on the period in which we will exchange banknotes”.

Can I still pay paper money into the bank?

Pay them in at your high street bank or Post Office.

Many banks will still accept old notes as deposits from customers. And again, you might be able to pay them into your bank account at the Post Office.

Can you still take paper notes to the bank?

Many banks accept withdrawn notes as deposits from customers. The Post Office will also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And you can always exchange withdrawn notes with us directly.

How do I get rid of my old 20 pound notes?

The Post Office Opens in a new window will accept most old notes as a deposit into any UK bank account you can access with them. There are also 50 Post Office branches across the UK that will swap old banknotes, even if you do not have a bank account.

Which UK banknotes are still valid?

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.

How Can £50 be THIS Difficult?!!

Can you still use paper money in the UK?

While the paper notes are no longer legal tender, a spokeswoman said “all genuine Bank of England banknotes that have been withdrawn from circulation retain their face value. There is no expiry on the period in which we will exchange banknotes”.

Are paper twenty-pound notes legal?

Old £20 and £50 paper notes stopped being legal tender in the UK on 30 September 2022. This means you can't use them in shops or as payment any more.

How long will Queens money be valid?

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.

Is my King Charles 20 note worth anything?

£20 notes worth up to £7,000

Notes featuring King Charles are also selling on eBay for anywhere from £950 to £30. But these notes fetch a lower price because they do not have the ultra rare serial number featured on the ones in auction.

Which notes are not accepted in the bank?

All bank branches have instructions not to issue notes bearing PAY/PAID stamps to the public even through oversight. The branches should caution their customers not to accept such notes from any bank or anybody else. Notes bearing slogans/political messages etc.

Can I pay money into my bank account via the post office?

Banking and bills

Access your personal or business bank account at any of our Post Office branches. Pay in cash and cheques, make withdrawals or check your balance. Manage your personal finances and borrowing.

Are 50 paper notes still valid?

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.

Why don't shops take 50 notes?

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. Specific advertising of goods at certain prices may be more legally binding.

How can I put paper money in my bank account?

Does the post office still take paper money?

Hand us your withdrawn banknotes. We'll give you the same value in current, valid polymer notes.

Can I still use money with the Queen on it?

Are circulating coins bearing the portrait of Her Late Majesty still legal tender? Yes, all United Kingdom circulating coins bearing portraits of Queen Elizabeth II remain legal tender and in circulation.

How much is a King Charles 10 note worth?

One single £10 note with the serial number HB01 000002 sold for £17,000 during bidding. During another lot, a sheet of 40 connected £50 notes - with a face value of £2,000 - sold for £26,000. That was a record for any Bank of England auction.

How long will cash last in the UK?

From paper to polymer banknotes

We have been issuing banknotes for over 300 years and make sure the banknotes we all use are of high quality. While the future demand for cash is uncertain, it is unlikely that cash will die out any time soon.

Is there a 100 pound note?

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.

Is there a new 50 note?

The Bank of England £50 note is a sterling banknote circulated in the United Kingdom. It is the highest denomination of banknote currently issued for public circulation by the Bank of England. The current note, the second of this denomination to be printed in polymer, entered circulation on 5 June 2024.

Are 2 pound coins still legal tender?

But £1 and £2 coins count as legal tender for any amount. Many common and safe payment methods such as cheques, debit cards and contactless are not legal tender. But again, this will have little to no effect on your everyday life.

How much was 10 bob in 1960?

The 10 Shilling Note, or 'ten bob', was a goodly sum in the old days – in the 1960's it could buy 6 pints of beer, 10 loaves of bread, or 17 pints of milk. It's hard to imagine its decimal equivalent, the 50p, buying so much these days!

Are old English banknotes worth anything?

The banknotes we produce will always be worth their face value. Even for banknotes that no longer have legal tender status. If you look closely at any Bank of England banknote, you will notice it contains the 'promise to pay' inscription – our promise to honour the stated face value of our banknotes for all time.

When did the 10 shilling note stop being legal tender?

The series C 10/– notes ceased to be legal tender on 22 November 1970. In the Isle of Man, both the English and Manx 10/– notes continued to be legal tender for 50 pence until 2013.