What do I do with old Bank of England 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 The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Are old UK banknotes still legal tender?

The paper £10 and £5 banknotes are no longer legal tender – while paper £20 and £50 notes cannot be used after September 2022. The Bank of England will continue to swap old notes for their face value. Details of the cash still hiding in homes was revealed in a Freedom of Information request from BBC Wales.

Can I still exchange old 1000 notes?

After 30th December 2016, Rs 500 and Rs 1,000 notes will be accepted till 31st March 2017 in several RBI branches after taking declaration from RBI. On international airports, old currency notes of up to Rs 5,000 can be exchanged for the next 72 hours.

Can old 500 notes be exchanged now?

As you will get a quick cash there are certain conditions which you must know before exchanging the old and rare 5 rupees note. If the serial number of old Rs 500 note has been printed twice, then you can get Rs 5,000. If the old Rs 500 note is big, that is, extra paper has been left on it, then you can get Rs 10,000.

How can I exchange old Bank of England notes?

You can exchange old Bank of England banknotes by post . Is there a limit on the amount of old notes I can exchange? There is no limit on the total amount of banknotes you can exchange. You may need to fill in one of our forms or provide photo identification (ID) and proof of address.

How long has the Bank of England been issuing banknotes?

The Bank of England has been issuing banknotes for over 300 years. Banknotes were originally IOUs for gold deposits held at the Bank of England.

Who is on the reverse of the Bank of England banknote?

Sir Christopher Wren portrayed on the reverse. New contoured thread used initially; ‘windowed’ security thread introduced on 21 July 1988. Design: Harry Eccleston.

Who are the designers of the Bank of England notes?

Design: Roger Withington & Andrew Ward. Windowed thread on the back of the note. Additional security features: foil hologram, an ultra-violet feature and micro-lettering. Design work by Debbie Marriott Design: Roger Withington.