Old £20 and £50 notes are soon to be no longer be accepted in shops.
The new £20 note was released on February 20, 2020 - joining the new £5 and £10 polymer notes which were already in circulation.
How long do I have to use old £20 and £50 notes?
Both the old paper £20 and £50 banknotes will expire on Wednesday, September 30, 2022.
This means this is the absolute last day you can spend them in stores - so you have just over one year to use them.
A note from the Bank of England reads: "30 September 2022 will be the last day you can use Bank of England paper £20 and £50 notes.
"After 30 September 2022, these paper notes will no longer be legal tender, so we encourage people to spend them or deposit them at their bank ahead of this date." But if you miss this deadline, you do have some options.
How to exchange old banknotes
On the Bank of England (BoE) website, there are instructions for those who may still be clinging on to old paper banknotes.
You can look to exchange them at the following places:
At your bank: The BoE says the easiest way to exchange notes is to deposit them with your bank. You'll need to visit your nearest bank branch in person to do this.
At the Post Office: The Post Office may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account, you can access with them.
At the Bank of England: You can post old banknotes to the BoE and they'll then send you a cheque for the amount, or the equivalent in new polymer notes.
Send your banknote(s) and photocopies of ID to Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH.
You can also visit the BoE in person to exchange old notes. You may be asked to complete a form and need to provide two original identity documents.
The BoE may also exchange accidentally torn, damaged or mutilated notes - as long as they are genuine and not counterfeit.
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When did the old £5 and £10 get withdrawn?
The old paper £5 note - which was replaced by a new polymer version on September 13, 2016 - stopped being legal tender on May 5, 2017.
As for the old £10 note - of which a new polymer version came out on September 14, 2017 - the cut-off date for using this was March 1, 2018.
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