How long can I use old 50 pound notes?

How long can I use old 50 pound notes?

The Bank of England have confirmed that old £50 notes expire on Wednesday 30 September 2022. This will officially be the last day you can use your old £50 notes in shops, pubs and restaurants.

Can old 50 pound notes still be used?

Can I still use the old £50 note and what is the expiry date? Old paper £50 notes can continue to be used after the new polymer Alan Turing version has been released into circulation. The paper £50 note was first issued on November 2, 2011 and it features Matthew Boulton and James Watt.

Can I get 50 pound notes from the bank?

You can keep using the current paper £50 notes as usual. They will be withdrawn, but the Bank of England will give at least six months’ notice before they are. The current paper £50 was issued in 2011 and features James Watt and Matthew Boulton, who designed the steam engine.

Can I change old 50 notes at the bank 2020?

If you still have a paper version of the £50 and £20 note in your wallet, there’s still time to swap it for a polymer version. You can exchange them at your local Post Office, bank, or with the Bank of England itself for face value.

Is paper 50 still legal?

Exchanging old notes 30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.

Where can I change old 50 notes?

At your bank If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Why are 50 notes not accepted?

Financial crime investigators concluded that there was no credible or legitimate use for the note in Britain, so the UK asked banks to stop handling these notes in 2010. Regarding its own currency, in recent years there have been doubts that the £50 note would continue to exist in the UK too.

Is my 50 note real?

There is a metallic thread embedded in every banknote. If you hold the new-style 50 pounds note up to the light the metallic thread will appear as a continuous dark line. Hold the banknote up to the light and you will see the image of the Queen’s portrait together with a bright 50 and Pound symbol.