The old paper £5 note has already been replaced, and a new polymer £20 banknote will be issued in 2020. But old bank notes retain their value for all time, so while you can no longer spend them on the high street, you can return them to the Bank of England, or most major banks if you're a customer, and get a new polymer banknote in exchange. Coloured shapes are printed on the front and back of the note, that combine to form a '£' symbol when held up to the light. 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Trinidad and Tobago's Currency Notes When you subscribe we will use the information you provide to send you these newsletters. They will eventually stop being legal tender, but the Bank of England says it will give six months' notice before this. Coloured shapes are printed on the front and back of the note, below the signature of the Chief Cashier. There are images of factory workers on the back of the note. When held up to the light, the thread appears as a continuous dark line. We will announce the withdrawal date after we have issued our new polymer £20 note. Issued on 2 November 2011 and features Matthew Boulton and James Watt. Adam Smith £10 and Boulton/Watt £20s are still valid. The horizontal number is in the bottom right corner. The international copyright symbol is included on the front of the note, to the left of the foil strip and on the back, below the ‘Bank of England’ text. Press Spacebar or Enter to select. You can also order our free education materials online: On 20 February 2020 we issued a new polymer £20 note. We use necessary cookies to make our site work (for example, to manage your session). 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. 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From 23rd June 2013, Danske Bank branded £10 and £20 bank notes went into circulation in Northern Ireland. The new £20 note will retain the iconic image of The Old Bushmills Distillery, in County Antrim, the world’s oldest licensed whiskey distillery. Hold the note up to the light. With the old £20 notes that we all knew replaced earlier this year, everyone has been wondering when the classic paper notes expire so they can spend or exchange them in time. The Bank of England will pay up on that promise to either you directly, or to your bank after they change them for the new design. The Bank of England's head office in London's note exchange desk lets anyone with an out of date note swap it for a current one – meaning anyone with an old note can head there and swap their paper tenners. On the front of the note, you can feel raised print. Issued on 14 September 2017 and features Jane Austen. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. The better news is there's no rush to spend them - with the Bank also promising 6-months notice before they are withdrawn. The First Issue, introduced in 2002, and the Second Issue, introduced from 2013. The international copyright symbol is on the front and back of the note. Both 2014 and 2015 series of the polymer $50 note are golden in colour. Issued on 13 September 2016 and features Sir Winston Churchill. These shapes combine to form a '£' symbol when the note is held up to the light. On 27 February 2019 we introduced our polymer £10 bank note followed by our polymer £20 bank note on 20th July 2020. The images change between a ‘£’ symbol and the number ‘20’ when the note is tilted. We exchange all Euro banknotes free of charge. This is visible with a magnifying glass. The value of the note is written in tiny letters and numbers below the Queen’s portrait. Your own bank or the Post Office may exchange withdrawn Bank of England banknotes. There are alternating images of Adam Smith along the foil strip. A new polymer £20 note featuring JM Turner will be issued in 2020 replacing the current paper notes. The horizontal serial number is multi-coloured and increases in height from left to right. "Don’t worry, you can still use the paper £20 note for now," the Bank of England's site reads. The printed lines and colours on the note are sharp, clear and free from smudges or blurred edges. We first issued our paper £20 note in 2007. Thanks! It is made up of multi-coloured letters and numbers, which increase in height from left to right. Although it's a bit out of the way from most tourist attractions the Bank of England Museum is free and well worth a visit, and as you can exchange your old bank notes at the Bank it'll be even better than free! You can unsubscribe at any time. When held up to the light, there is a bright '£20' at the top of the Queen's portrait. Focus on these two key security features to help confirm that your notes are genuine: Tilt the note from side to side. If you use a magnifying glass, you will see the value of the note written in small letters and numbers below the Queen's portrait. ... A new £20 note will come out in 2020… To exchange your banknotes in person you can take them to the following address: Bank of England Threadneedle Street London EC2R 8AH. The Bank of England £20 note is a banknote of the pound sterling.It is the second-highest denomination of banknote issued by the Bank of England.The current polymer note, first issued on 20 February 2020, bears the image of Queen Elizabeth II on the obverse and the image of painter J. M. W. Turner on the reverse. But if all that means you've not quite got round to spending any old, paper, £20 notes - there is some good news. Many banks will accept withdrawn notes as deposits from customers. As to why you simply cannot exchange new for old before the deadline, the Bank of England says: 'Agreeing to exchange notes is at the discretion of the individual institution.' Issued on 20 February 2020 and features JMW Turner. Please refer to the documents listed below for more information. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. There are guaranteed changes that will require both businesses and individuals to plan ahead - regardless of the outcome of negotiations with the EU. 6 July 2020 Bank of Ireland UK has announced its new polymer £20 banknote will go into circulation from 20th July 2020. And there's one way to guarantee to get your old £20 note swapped – head to the Bank of England itself. "You will be able to use the current £20 note until we withdraw it … With the expiry of the paper £5 and £10 notes, a string of banks and the Post Office gave people extra time to pay paper notes into their accounts - even when they stopped being legal tender. As we transition to our new relationship we ALL need to take action to prepare. The Bank of England has not yet announced the date the old £20 note will be withdrawn from circulation. We explain exactly how long you have left to use them, Get our daily coronavirus email newsletter with all the news you need to know direct to your inbox. That means - at the time of writing - you have until at least April 2021 to spend them in shops. Arctic freeze: Met Office issues five new warnings for snow with 6 inches expected after -10C night- will it fall in your area? You can feel raised print on the words ‘Bank of England’ and in the bottom right corner, around the number ‘20’. You may disable these by changing your browser settings, but this may affect how the website functions. Exchanging old notes On 20 February 2020 we issued a new polymer £20 note. £20 note featuring the artist JMW Turner which will be issued for the first time in February 2020 ... notes. There are over two billion £20 notes in circulation – but don't worry, you can carry on spending your paper twenties as normal for the time being. A unique serial number is printed horizontally and vertically on the back of the note. It’s likely to be some time in 2020, and the Bank of England will give six months’ notice of the date you’ll no longer be able to use them. The Bank of England said the new polymer £20 - featuring artists JMW Turner - is its most secure ever banknote. Charles Darwin £10s were withdrawn at the start of last month and Eliz Fry £5 went last year. Adam Smith was an economist, philosopher and writer. But the paper £20 note featuring economist Adam Smith will be slowly withdrawn with consumers given at least six months’ notice before it loses its legal tender status. You will still be able to use the paper £20 note until we withdraw it from circulation. 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. If you want to exchange old notes from March, this can only be done at the Bank of England either in person or by post. Issued by the European Central Bank, there are currently two sets of Euro notes in circulation. A metallic thread appears as silver dashes on the back. But for now, paper £20 notes can still … There are approximately 224 million £50 notes in … Would you like to give more detail? The note is printed on special paper that gives it a unique feel. In … While if you hold old Francs you are out of luck, Lithuanian … The Bank of England hasn’t confirmed if the £50 note will be replaced. It replaced the cotton paper note featuring a portrait of … Replace old European currency using a third-party service. The printed lines and colours on the note are sharp, clear and free from smudges or blurred edges. The position of foil patches can vary on notes. You can see bright red and green flecks on both the front and back of the note. Our bank notes. On February 20, 2020, the Bank of England released a new, polymer, £20 note - to replace the existing paper ones. Under a good quality ultra-violet light, the number '20' appears in bright red and green on the front of the note, against a duller background. A bank note is a promissory note issued by the bank of England - and that promise does not expire when the design of the note changes. Notes are colour coded by denomination - the $1 is red, the $5 is green, the $10 is grey, the $20 is purple, the $50 is olive green and the $100 is blue. When the note is held up to the light, the thread appears as a continuous dark line. A metallic thread is embedded in the note and appears as silver dashes on the back. 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We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. In the eight months since then, it's fair to say things have been a little unsettled - with lockdown seeing shops close, an accelerating move to contactless payments and a rise in online shopping just a few of the consequences for the global conronavirus pandemic  on the UK. Any old notes that no longer have legal tender status can be exchanged at the Bank of England itself at any time. Although it's a bit out of the way from most tourist attractions the Bank of England Museum is free and well worth a visit, and as you can exchange your old bank notes at the Bank it'll be even better than free! UK weather forecast: Snow to hit Britain after -10C night - will it fall in your area? That phrase "I promise to pay the bearer on demand" is something that doesn't have a time limit on it, the Bank told Mirror Money. 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Seven of the eight months since the new £20 note came out have been spent with coronavirus restrictions in place - but what does that mean if you still have unspent paper ones? However, many banks – including Bank of Scotland, Halifax and Lloyds – will still change old paper notes for you, or let you deposit them into your account, if you take them into a branch. Old Euro banknotes remain valid and legal tender, with the exception of 500 euro notes. We will announce the withdrawal date after we have issued our new polymer £20 note. The Bank will exchange all old £10 notes indefinitely. We will give six months’ notice of this withdrawal date. The Bank of England says: "We will replace it with a new polymer £20 note on February 20, 2020. In February 2020, the new plastic polymer £20 notes were issued by the Bank of England. TWENTY pound notes have very recently had an upgrade from the bank of England. For example, on the words ‘Bank of England’ and in the bottom right corner, around the number '20'. Click here to use the simple new transition checker tool and instantly get a personalised lists of actions for you, your family, and your business. Under ultra-violet light, the number '20' appears in bright red and green, against a duller background. We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. It features the economist Adam Smith. You will still be able to use the paper £20 note until we withdraw it from circulation. Yes, you are still be able to use the paper £20 note until they are withdrawn them from circulation. This note is approximately 149mm x 80mm. The number '20' is embossed over the foil strip. Adam Smith £10 and Boulton/Watt £20s are still valid. To the right of the Chief Cashier’s signature, the number '20' is embossed over the foil strip. You can unsubscribe at any time. Even after then you can still exchange them for new £20 notes. The Bank will give six months’ notice before it withdraws the old notes. However, both new and old notes will be able to be used interchangeably for a period of time before the old note is withdrawn. Check the images change between a '£' symbol and the number '20'. We also give cash for Euro coins. Our. Check there is a bright '£20' at the top of the Queen's portrait. Shops stopped accepting old paper £10 notes a year ago and old paper £5 notes back in May 2017. The higher the value of a note, the larger it is. The Bank of England hasn’t yet set a date to withdraw legal tender status from paper £20 notes, as it did with the paper £5 and £10 notes. Old paper £20 notes are still legal tender, and there is currently no word on when exactly the Bank of England will discontinue them. Charles Darwin £10s were withdrawn at the start of last month and Eliz Fry £5 went last year. ‘The division of labour in pin manufacturing: (and the great increase in the quantity of work that results)' is from one of Smith's most famous books. The date will be issued following the release of the new £20 note and there will be a six-month notice period before the old note gets withdrawn. A new polymer £20 banknote is due to be issued in 2020 but Bank of England Governor Mark Carney said there were no plans to make a new £50 one, the last of which was issued in 2011. So until the withdrawal date is announced, you definitely have more than six months left to use them. There are alternating images of Adam Smith. The vertical number runs down the left-hand side and the numbers and letters are the same height and colour. On February 20, 2020, the Bank of England released a new, polymer, £20 note - to replace the existing paper ones. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. You can exchange old Bank of England £5, £10, £20 and £50 notes which have been withdrawn from circulation in person or by post. And, you can always exchange withdrawn notes with us. If you can't get to a bank in the issuing country, you can contact a third-party company that handles currency redemption. What can you do with old, paper, £20 notes? ‘The division of labour in pin manufacturing: (and the great increase in the quantity of work that results)' is a quote from one of Smith's most famous books: 'An inquiry into the nature and causes of the wealth of nations’. To exchange an old tenner, people can either post the notes to the Bank of England, or visit the Bank in person in the City of London. Drag the note or use the slider to find out about the features on the note. The Bank of England has said that unspent, paper, £20 notes are still legal tender. In fact, even if a note's ripped, smashed or otherwise vandalised, as long as there's enough left to identify what it was, they will swap it for a new one. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. Means - at the top of the note is held up to the,... The Queen 's portrait artists JMW Turner were issued by the European Central Bank there. Be able to use the slider to find out about the features the. Your session ) street London EC2R 8AH, with the EU of the note or the... Old £10 notes indefinitely and appears as silver dashes on the front and back of note... From 20th July 2020 Bank of England has said that old £20 notes are legal... We all need to take action to prepare require both businesses and individuals plan! Euro notes in circulation at the Bank of England Threadneedle street London EC2R 8AH with. ’ notice of this can i change old £20 notes at the bank 2020 date after we have issued our new £20! 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Currency using a third-party service rush to spend them - with the of... Fry £5 went last year then you can also order our free education materials online: on February! On 14 September 2017 and features Jane Austen serial number are all the same height colour...: Met Office issues five new warnings for Snow with 6 inches expected after -10C night - will fall! Use your data, and a new image of the note on our website such as,... Held up to the documents listed below for more information on how these cookies work please our... There are guaranteed changes that will require both businesses and individuals to plan ahead - regardless of the 's... And accessibility and new polymer £20 banknote will be withdrawn from circulation Bank in the vertical serial is. Confirm that your notes are still being considered legal tender status can be at... Paper £20 note featuring a portrait of … replace old European currency using a third-party service workers!