Last date to use old £20 and £50 notes revealed – how to exchange them

THE date that old £20 and £50 notes will be taken out of circulation has been confirmed.

The paper notes are being replaced by new plastic ones.

Once the date as passed you will no longer be able to use the old notes in shops.

However, you still have time to spend or exchange them.

What are the new polymer notes?

The new polymer notes are designed to last longer and are more environmentally friendly.

Based on the notes already used in other countries, such as Canada, they are even said to be able to survive being left in your trouser pockets during a wash.

Already, the old £5 and £10 notes have been phased out for polymer ones.

The new £20 note will feature the face of artist JMW Turner.

Turner is famous for his colourful landscape paintings, and the contemporary Turner art prize is named after him. 

While the new £50 note will feature codebreaker and mathematician Alan Turing.

Turing famously helped to break the German Enigma code, helping the allies to listen to German communications.

He was later chemically castrated for being gay, and was only pardoned in 2013.

When do the old £20 and £50 notes expire?

The old notes will run out on September 30, 2022.

From then you will no longer be able to use them in stores.

However, you will still have other options.

You will be able to exchange them by depositing them at your bank.

The Post Office will also still accept them, so you can exchange them there.

If you don’t want to do that, you can post your notes to the Bank of England, and they will send you new polymer ones back.

You can also visit the Bank of England in person to make the exchange.

We pay for your stories!

Do you have a story for The Sun Online Money team?

Email us at [email protected]

    Source: Read Full Article