Which currency is not legal tender?

Scottish, Northern Ireland, Jersey, Guernsey and Manx banknotes are not legal tender in England and Wales. However, they are not illegal under English law and creditors and traders may accept them if they so choose.

Which UK notes are no longer valid?

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.

What currency is legal tender in the UK?

In England and Wales, it is Royal Mint coins Opens in a new window and Bank of England notes. In Scotland and Northern Ireland, it is only Royal Mint coins and not banknotes. There are also some restrictions when using small coins. For example, 1p and 2p coins only count as legal tender for any amount up to 20p.

Which 20 notes are not legal tender?

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.

Which 10 notes are no longer legal tender?

The current £10 note replaces our paper £10 note which was withdrawn from circulation on 1 March 2018. You may be able to deposit withdrawn notes at your own bank or with the Post Office. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England.

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What notes are no longer accepted?

Is there a 100 note in the UK?

Bank of Scotland issues banknotes in denominations of £5, £10, £20, £50 and £100. Bank of Scotland issued a new polymer £5 in 2016, £10 in 2017, £20 in 2020, £50 in July 2021 and a £100 on the 9th of May 2022. These notes have replaced the older paper notes.

Are old 50 notes still legal tender?

What about old banknotes? Figures from the Bank of England show that in April 2023, there were still 445 million old paper banknotes in circulation in the UK, worth almost £9 billion, even though the old paper £20 and £50 notes stopped being legal tender in October 2022.

Which notes are not acceptable in the UK?

Bank of England notes are the only banknotes that are legal tender in England and Wales. Scottish, Northern Ireland, Jersey, Guernsey and Manx banknotes are not legal tender in England and Wales. However, they are not illegal under English law and creditors and traders may accept them if they so choose.

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.

Is €500 legal tender?

Circulating 500-euro notes remain legal tender and can continue to be used as a means of payment and store of value until further notice.

Does Tesco accept 20 coins?

"We are no longer excepting [sic] commemorative coins i.e. £20.00 coins. Please make sure you have sufficient funds to pay for your fuel. Sorry for any inconvenience."

Can I still use Queen Elizabeth money?

Banknotes that feature the portrait of Her late Majesty, Queen Elizabeth II remain legal tender and are co-circulating alongside King Charles III notes. New banknotes will only be printed to replace those that are worn or damaged to meet any overall increase in demand for banknotes.

What to do with old currency?

There is no deadline to exchange old banknotes with the Bank of England. But it is usually easier and quicker to exchange notes at your own bank or at the Post Office.

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”.

Is there a 500 pound note?

"£500 notes are very rare and, in fact, only available from three Bank of England branches - London, Liverpool and Leeds. Although some were issued in Birmingham and Manchester none have ever come to light. "Of those available, Leeds branch, like this one, are the rarest.

Are 10 pound notes still valid?

Changing your old banknotes

From 1 March, most shops and other businesses will only accept the new polymer or 'plastic' £10 notes, featuring Jane Austen. But, you'll still be able to exchange any old paper tenners for free at the Bank of England, either by post or in person.

What's the highest note you can get in the UK?

The pound sterling banknotes in current circulation consist of Series G Bank of England notes in denominations of £5, £10, £20 and £50.

What's the biggest note in the UK?

Bank of England £100,000,000 note. The Bank of England £100,000,000 note, also referred to as Titan, is a non-circulating Bank of England sterling banknote used to back the value of Scottish and Northern Irish banknotes. It is the highest denomination of banknote printed by the Bank of England.

Which UK notes are going out of circulation?

Today (30 March) the Bank of England issued its six-month reminder to consumers and businesses about the withdrawal of legal tender status (or WOLTS) of the paper £20 and the paper £50 banknotes on 30 September 2022*.

Can banks refuse old notes?

Exchanging old banknotes

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.

Do Scotland have 100 notes?

The Bank of Scotland £100 note is a sterling banknote. It is the largest of five banknote denominations issued by the Bank of Scotland. The current polymer note, first issued in 2022 bears the image of Walter Scott on the obverse and Flora Murray on the reverse.