So if you do find a paper £20 note stuffed down the back of the sofa after they're withdrawn, you'll be able to exchange it with the Bank of England in London, in person or by post (at your own risk). Find out with our handy guide. The new £20 notes were launched in February (Image: Bank of England) That means - at the time of writing - you have until at least April 2021 to … Ulster Bank has introduced new £20 notes into circulation in Northern Ireland. share. The Bank of England banknotes. so in fact it is not as urgent as you think When does the old £20 note expire and can I still use it? No date has been set for its eventual expiration. According to the … You can unsubscribe at any time. The simplest and quickest way to exchange old notes is to deposit them with your bank. You won't need to exchange them until the Bank gives six months' notice. The note joins the polymer Winston Churchill £5 and the Jane Austen £10. But the Bank says it will give at least six months’ notice before the Smith £20 is taken out of circulation. The £10 took slightly less time to be withdrawn, as it was issued mid-September 2017 and withdrawn at the beginning of March the following year. A new polymer £50 featuring Alan Turing will be issued next year. Even though the new polymer £20 are also now available and can be withdrawn from cash machines, the old, paper £20 notes can still be used alongside the new ones for the time being. We will announce the withdrawal date after we have issued our new polymer £20 note. Shoppers with an old-style £50 note featuring the image of Sir John Houblon need to spend it or deposit it by the end of April. The Bank of England recently issued the new £20 note. MORE : Can you drink alcohol after the Covid vaccine? The polymer notes last two-and-a-half times longer than traditional notes, … 👓 View full article. New Scottish £20 notes: when Bank of Scotland and Clydesdale £20 polymer notes were launched - and when old notes expire February 2020 saw the launch of … The old £20 notes made from paper will be phased out after the polymer ones are introduced. The notes, which were released in February 2020, have been hailed as ‘the most secure banknote yet’ by the Bank of England, thanks to their plastic material. This is when the Bank of Scotland and Clydesdale £20 polymer notes are launched - and when the old notes expire. You should check these features to ensure notes are genuine. When do the old £20 notes expire? Paper £20 notes can continue to be used as normal for now, as an end date for their use is yet to be announced. The plastic version, which features British painter JMW Turner, is designed to be mor… There’s a new note in town (Picture: Getty)The new polymer £20 notes, which went into circulation in February, have replaced When do the old £20 notes expire and what to do … Since the Bank of England are yet to confirm when the old £20 notes expire, people will be given six months’ notice of its withdrawal. Even after the notes stop being legal tender, banknotes officially hold their face value "for all time". Fewer of us are using hard cash at the moment. Artist JMW Turner features on the new £20 notes, which are slightly smaller than the existing notes. Polymer £20 notes are now available in cash machines and from banks, and will eventually replace the old paper £20, which features economist Adam Smith. Here's how to check if your new £20 note is a "rare" one worth hundreds of pounds. The paper £20 note was first issued in 2007 and the Bank of England says there are over two billion in circulation. This film will run through a number of key security features. The website reads: ‘On 20 February 2020 we issued a new polymer £20 note. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. Exchanging old notes. The old paper £5 note has already been replaced, and a new polymer £20 banknote will be issued in 2020. Follow Metro across our social channels, on Facebook, Twitter and Instagram. Share ; Comments; By. On 20 February 2020 we issued a new polymer £20 note. We will give six months’ notice of this withdrawal date. We will announce the withdrawal date after we have issued our new polymer £20 note. Made from the flexible plastic material polymer, at 139mm x 73mm the note is smaller than the old … That means, even if they announce it tomorrow, you’ll still be able to use the old notes up until at least July 2021. Adrian Troughton. When do the old £20 notes expire and what should you do with old notes? For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Comments are subject to our community guidelines, which can be viewed, New plastic £20 notes have launched and old paper ones will eventually be withdrawn, The paper £20 note features economist Adam Smith, £20 banknote featuring artist JMW Turner to be released in February 2020. The polymer £20 banknote features Romantic painter, JMW Turner. The Bank of England currently hasn’t said when old £20 notes will expire - this means that you can still use old £20 notes if you have any. When do the old £20 notes expire? "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. The Bank of England is yet to set a date for when the old £20 notes will no longer be valid, meaning you can still use them freely for now. According to the bank’s website, the material allows for ‘enhanced security features, such as the see-through windows and holograms.’. Related videos from verified sources. Posted by 17 days ago. save hide report. Close. In 2010, its cash offices destroyed 5.95 billion notes. Carranza-Mnuchin: 2017 $1, $5, $10, $20, $50, $100 Federal Reserve Notes, 2017A $2, $20 Federal Reserve Note. Born in 1775 to a barber and wig maker, he is often dubbed one of the great masters of painting. A new £50 note featuring Alan Turing will be issued in 2021. The new polymer notes were launched on February 20, 2020. This means you will always be able to exchange withdrawn banknotes for their equivalent value in pounds. What’s your money personality? Find out with our handy guide. 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 new polymer £50 featuring Alan Turing will be issued next year. The notes are made from a plastic polymer like the new £5 and £10 denominations, which is said to be more durable, cleaner and secure than paper. How to cash in paper notes . Thursday, 20 February 2020 THE NEW Bank of England £20 note featuring artist JMW Turner is entering circulation today. You will still be able to use the paper £20 note until we withdraw it from circulation. the question you require a answer to is when do they cease to be legal tender ie not being able to spend in shops. The Bank of Scotland’s new polymer £20 notes don’t feature any new people or landmarks, but they do give the images of the old note’s fixtures an update. Since the Bank of England are yet to confirm when the old £20 notes expire, people will be given six months’ notice of its withdrawal. To see all content on The Sun, please use the Site Map. To inquire about a licence to reproduce material, visit our Syndication site. Here's what you need to know about who's on the new £20 note and how long you'll be able to use your old paper notes. 100% Upvoted. When do the old £20 notes expire and what should you do with old notes? It took the bank about eight and a half months to withdraw the paper £5 from service after new notes were issued. We don't know yet when exactly this will happen, but the … The Bank of England hasn’t confirmed if the £50 note will be replaced. MORE : What’s your money personality? 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