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Are 50 pound notes still valid?

Looking for an answer to the question: Are 50 pound notes still valid? On this page, we have gathered for you the most accurate and comprehensive information that will fully answer the question: Are 50 pound notes still valid?

The Bank of England has said these £50 notes can be used until September 30 2022. The note will be withdrawn from circulation from this date. The old £20 note will also be withdrawn from this date too. A new plastic £20 featuring artist JMW Turner went into circulation in February 2020.


The large number 50 and £ symbol in the top left corner of the front of the note help you easily see its value. There is also a number 50 in the top right corner and in the bottom right corner.


Can I still use my old paper £50 notes? Yes, you can. But as of October 2022, shops will no longer accept paper notes. The final date you can use paper £50 notes is September 30 next year - the same goes for paper £20 notes. Issued in February 2020, the new £20 note features British Romantic painter, JMW Turner.


The polymer £5 note, meanwhile, was issued in September 2016 and features Sir Winston Churchill. Finally, the new £10 note which was issued in September 2017 now has Jane Austen on it. Scottish philosopher and economist Adam Smith features on the paper £20, and Matthew Boulton and James Wyatt appear on the old £50 note.

Are Clydesdale Bank notes being phased out?

The group confirmed the Clydesdale and Yorkshire Bank names will be phased out by the end of 2021. ... With polymer currency more robust than paper alternatives the new notes are likely to be in circulation after CYBG stops using the Clydesdale name in branches and sales material.


Are Clydesdale Bank 50 notes still legal tender?

After September 30, 2022, businesses (and individuals) with a UK bank account will still be able to deposit withdrawn notes into their account. ... Both of these issuers, as well as Clydesdale Bank, will withdraw their paper £20 and £50 banknotes on the same date as the Bank of England, i.e September 30, 2022.


Can you still exchange old pound coins 2021?

Top Money Stories Today Although the older notes cannot be used as legal tender, the Bank of England will accept them. ... There are a number of ways anyone in Scotland and the rest of the UK can exchange or cash in their old notes and £1 coins.


Are old 50 pound notes still legal tender?

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 you still use old Clydesdale Bank notes?

In 2009, the Glasgow-based Clydesdale Bank replaced older style Scottish Pound Sterling banknotes with a new set of notes, called the World Heritage Series. Withdrawn Clydesdale Bank bills are no longer a valid means of payment in Scotland. ... We also exchange for free current Clydesdale Bank notes.


How long can I use old 50 pound notes?

30 September 2022 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.


Are old bank notes still legal tender?

After 30 September 2022, the new polymer notes will be the only ones with legal tender status. After 30 September 2022 people with a UK bank account will still be able to deposit withdrawn notes into their account. ... The Bank of England will continue to exchange all withdrawn notes.


Where can I spend a 50 pound note?

Post Office branch You can also use the £50 paper note at your local Post Office branch after the expiry date. “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,” states the Bank of England.


Is it illegal to not accept 50 pound notes?

'In England and Wales, legal tender is Royal Mint coins and Bank of England notes. ... If you hand over a £50 note to pay for a banana in your local grocery store, the staff are within their rights to choose not to accept it. 'Likewise for all other banknotes – it's a matter of discretion.


Can you still use old 50 Notes 2021?

The old, paper £50 notes will remain in circulation until Wednesday, September 30, 2022. After this time shops will no longer accept them – although you'll still be able to exchange them for the new note at post offices, or over the counter at the Bank Of England.


Can shops refuse old 20 notes?

The Bank of England has announced that the old notes will go out of circulation on 30 September 2022. This mean 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.


Which UK bank notes are still legal tender?

Bank of England notes are the only banknotes that are legal tender in England and Wales.


Do Sainsburys accept 50lb notes?

Older £20 and £50 paper notes will soon no longer be legal tender. Brits will no longer be able to use older versions of the notes from from September 30 next year. This means anyone who used cash to pay in shops will need to either spend the notes they have before then, or change them for new ones.


Can you still use 50 pound notes?

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.


Are old 20s still legal tender?

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. ... And, you can always exchange withdrawn notes with us.


Where can I get a 50 note?

Cash fans can find the notes in the City of London, near the Bank of England - or at Bletchley Post Office. The Buckinghamshire Post Office branch has had a special delivery of the £50s because of the location's links with Turing.


Do shops in UK accept 50 pound notes?

Yes, because in a shop you have not entered into a debt situation. In England and Wales*, £50 notes are legal tender, but legal tender has a narrow and specific definition. Legal tender must be accepted when debt has been incurred and the person who owes the debt offers payment in legal tender.


Can I still change old pound coins 2021?

Top Money Stories Today Although the older notes cannot be used as legal tender, the Bank of England will accept them. ... There are a number of ways anyone in Scotland and the rest of the UK can exchange or cash in their old notes and £1 coins.


Are paper 50 notes still legal tender Scotland?

Bank of Scotland and Royal Bank of Scotland have also issued new polymer £50 notes. Both of these issuers, as well as Clydesdale Bank, will withdraw their paper £20 and £50 banknotes on the same date as the Bank of England, i.e September 30, 2022.


Will banks take old notes?

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.

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Stuart Morrison

Hi everyone, my name is Stuart Morrison and I am the editor-in-chief and author of the Answeregy website. I am 35 years old and live in Miami, Florida. From an early age I loved to learn new things, constantly reading various encyclopedias and magazines. In 1998 I created my first Web site, where I posted interesting facts which you could rarely learn elsewhere. Then, it led me to work as a content manager for a large online publication. I always wanted to help people while doing something I really enjoyed. That's how I ended up on the Answeregy.com team, where I... Read more