The financial institution encourages people to spend them or deposit them at their bank ahead of this date
UK withdraws paper ￡20 and ￡50: here’s when. Source: pexels.com
Bank of England has revealed that 30 September 2022 will be the last day Brits can use Bank of England paper ￡20 and ￡50 notes.
After 30 September 2022, these paper notes will no longer be legal tender.
Instead, the new polymer ￡50 note will start to become available in bank branches and at ATM’s in the coming days and weeks.
The polymer ￡50 note?contains advanced security features, completing our most secure set of Bank of England polymer banknotes yet. The note will join the Churchill ￡5, the Austen ￡10 and the Turner ￡20, meaning all Bank of England banknotes are now available on polymer.
We’ve reported that Bank of Scotland presented new polymer ￡50 note design.
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