Brits have just five days to spend cash in certain notes at either banks, building societies or the Post Office before they become redundant, with shops unable to take them for payment after that time. The Bank of England (BoE) has warned that certain £20 and £50 notes will be withdrawn.
From Friday, September 30, paper £20 and £50 notes won't be usable on the high street. Polymer notes have already been introduced into the system to replace the paper notes.
The Bank of England first issued the new polymer £20 note in February 2020 in a bid to enhance security and combat fraud. It featured the artist JMW Turner. As the deadline for the old paper notes approaches, it is now time to double check if you have any old notes and swap them for new polymer ones.
