Sometimes they’ll include recommendations for other related newsletters or services we offer. I have £3,500 in £20 notes with Elgar's face on that will not be legal tender beyond the end of June. When you subscribe we will use the information you provide to send you these newsletters. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. Coins: Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. The Bank will give six months’ notice before it withdraws the old notes. The new polymer notes will retain the iconic Bushmills image and are cleaner, more durable and contain additional security features. The new £20 features a portrait of JMW Turner, the 18th and 19th-century British artist known for his vivid landscape and marine paintings. And there's one way to guarantee to get your old £20 note swapped – head to the Bank of England itself. There are over two billion £20 notes in circulation. explains more about how we use your data, and your rights. You can unsubscribe at any time. 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? On February 20, 2020, the Bank of England released a new, polymer, £20 note - to replace the existing paper ones. Redeeming Old Banknotes. You can unsubscribe at any time. I have £140 in £20 notes so I'm fine. All previous issues of Australian banknotes retain their legal tender status. The new £20 note | Read more E ven if a bank refuses to accept discontinued notes, there is one final option. Owner of 52 UK nightclubs on brink of collapse with 1500 jobs at risk - see full list, Deltic Group, which has been out of business since March 23, has filed a notice of intention to appoint administrators, a legal measure that provides protection from creditors for 10 working days, Best Christmas 2020 food gifts serious foodies will love unwrapping (and eating! Older notes from the eighth series, released in 1995, remain legal tender … To exchange your banknotes in person you can take them to the following address: Bank of England Threadneedle Street London EC2R 8AH. According to The Mirror, the old £20 notes are still legal tender and there's currently no rush to spend them either. The Bank of England has said that unspent paper £20 notes are still legal tender. What’s classed as legal tender varies throughout the UK. And there won’t be a rush to get out and hand your notes over to a shopkeeper any time soon. The Bank of England has said that unspent, paper, £20 notes are still legal tender. On 20 February 2020 we issued a new polymer £20 note. My next trip to England is in April. What can you do with old, paper, £20 notes? Our. "The impact of Covid-19 on spending" has affected the return rates says the Bank of England. Polymer £20 notes entered circulation in February, replacing the old paper ones. But if all that means you've not quite got round to spending any old, paper, £20 notes - there is some good news. 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. "Don’t worry, you can still use the paper £20 note for now," the Bank of England's site reads. Made from the flexible plastic material polymer, at 139mm x 73mm the note is smaller than the old … The note was introduced on 13 September 2016, with an initial print run of 440 million notes (worth £2.2 billion), over the period of co-circulation. Even then, you can still exchange them for a new £20. The next in the series, the 20 franc note, with the theme of 'light', will be unveiled on May 10th this year. Legal Tender Deadlines. We will announce the withdrawal date after we have issued our new polymer £20 note. They will eventually stop being legal tender, but the Bank of England says it will give six months' notice before this. That’s because the Bank of England has said that old £20 are still being considered legal tender. 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