Are the older style 20 notes still valid?

Are the older style 20 notes still valid?

Paper £20 notes go out of circulation on Wednesday, September 30, 2022. Until then, you can still use the old £20 notes as they are accepted as legal tender. If you’re looking to exchange any old notes, The Bank of England website has further information.

Are old 20 bills still legal tender?

A–All U.S. currency issued by Uncle Sam under the U.S. Constitution remains legal tender. Your bill is worth $20 as ”spending money” and it might bring even more as a collectible, depending on the amount of wear and other factors.

What can I do with old style 20 notes?

The deadline for using your old paper £20 notes is September 30, 2022. You’ll need to spend them by then or deposit them in a bank account. The Bank of England gives at least six months’ notice before any old note is taken out of use. The old £50 paper note will be withdrawn on September 30, 2022 too.

What picture is on the back of a 20 pound note?

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. It replaced the cotton paper note featuring a portrait of economist Adam Smith, first issued in 2007.

Can I still use old 20 pound notes in shops?

The £20 note going out of circulation means you will not be able to use the notes in shops, but you will be able to exchange them for new notes. Some banks and the Post Office may also accept them if you wish to deposit them into your bank account. You can also exchange your notes with the Bank of England.

Can shops refuse old 20 notes now?

Can shops refuse old £20 and £50 notes? Households will no longer be able to spend paper notes in shops, or use them to pay for services, after the September deadline. However, anyone with a bank account in the UK will still be able to deposit paper notes into their accounts.

Who is on the back of the old 20 pound note?

Adam Smith
As with all British banknotes, there is an image on the back of the note and this time it is JMW Turner. This was actually announced on 22nd April 2016 with the great British painter to replace the old face of the paper £20 note, Adam Smith, the economist.

Who was on the old 20 pound note?

The paper £20 notes were first introduced in 2007, and feature the economist Adam Smith, the Scottish economist and philosopher who is also known as “The Father of Economics” and “The Father of Capitalism”.

Can you still use old 20 Notes 2021?

You are free to keep spending your paper £20 and £50 notes as normal until 30 September. If you still have some left after 30 September you do not need to worry, as you will be able to exchange them with the Bank of England.