LBC We use the Halifax/BOS. Take sterling and you won't have to worry. Even though you cant spend these old paper notes, its worth checking old bags, wallets and even the kids money boxes as you can still exchange old 20 and 50 notes. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. Scottish paper 20 and 50 notes, which were issued by Bank of Scotland, Clydesdale Bank, and Royal Bank of Scotland, will be replaced by polymer ones after 30 September 2022. You should then send this by courier or post ideally using the Special Delivery service - along with whats left of your banknote to the address listed on the form. Never had any problems spending Scottish banknotes south of the boarder. We use necessary cookies to make our site work (for example, to manage your session). This agreement also extends to the old round pounds that were officially demonetised in 2017. You can also exchange them by posting them to the Bank. The Halifax Bank of Scotland is a commercial bank. Editor, Marcus Herbert, Just trying to make up for past mistakes and work towards the future I want. Some more recent withdrawn coins can be worth more than their face value as well. Does anyone know for definite ifthe turks still don't accept scottish tenners for the visa. Cheers. ': Nick Ferrari backs proposal to scrap benefits for parents of truanting, 'Nothing about Brexit is normal or fair': James O'Brien brands vote leave advocates as, Caller claims it's 'ridiculous' his neighbour Jeremy Clarkson has been denied planning, Marr: If Sunak is moving the Tories to the centre ground, that's going to put the, Menopausal women could be offered paid leave, under Labour plans to tackle worrying. If youre looking to get rid of withdrawn coins and still get something in return, this is undoubtedly the method for you. 18 December 2016 at 1:58PM. The six Scottish and Northern Ireland banks must, by law, set aside assets that are worth at least the value of all of the banknotes they have in circulation. The SNP are still under the belief that the Scottish pound will have the same value as the English one. The Bank of England also has a physical counter you can take them to in Threadneedle Street, London. It will be at the discretion of retailers and service providers as to whether to accept them after this, but they don't have to. If youve got genuine Bank of England bank notes that have been through the wash, been chewed by the dog or torn or damaged you may be able to get your money back. We often link to other websites, but we can't be responsible for their content. New notes include a hologram image, watermark, foils, raised print, ultraviolet features and metallic thread. You can read more about how we use this power in the Scottish and Northern Ireland Banknote Issuance Annual Report. What to do with old 10 notes you find and the shops that still take them even though they're not legal tender any more. Due to the sheer volume of questions we get about old coins and banknotes and what you should do with them, weve included an FAQ section to answer some of the most common ones. Anything I post is my opinion, so from time to time I may be wrong. Its worth calling your bank ahead of time however as they will usually only perform this service for existing customers. You will need to complete this form and provide a copy of some photo ID. or Can I spend a Scottish 20 note in England? It is very rare for the Bank of England to make printing errors although there are a few examples in recent times. BA1 1UA. Upload a picture of your coin and our team of experts will evaluate the coins condition, rarity, and historical value to give you an accurate market price estimate. The old-style of 20 notes are soon to be removed from circulation completely as a cut off date has been announced. Evaluate Your Coin with Confidence! Looking to get away but want to keep costs low? The polymer 5 note, meanwhile, was issued in September 2016 and . But, according to the Bank of England, there is around 6bn worth of 20 paper notes and over 8bn worth of paper 50 notes in circulation thats around 300 million individual 20 notes and 160 million 50 notes that havent been used before the notes were withdrawn from circulation. Find all the participating Post Office branches where you can exchange old notes. We do this by collecting regular information and visiting the places where the assets are stored to count them and check they are held securely. so do note you use the information at your own risk and we can't accept liability if things go wrong. We investigate whether its better to choose an investment platform with flat fees, or whether percentage charges could work out cheaper. The transfer of funds can take up to 10 working days. Northern Irish banknotes. Would you like to give more detail? It is open Monday to Friday from 9am-4pm and they will exchange any old banknotes you bring to them. In fact, even if a note's ripped, smashed or otherwise vandalised, as long as there's enough left to identify what it was, they will swap it for a new one. We look at what to do with old 20 and 50 paper notes and where to exchange them for new polymer versions. Flat fees vs percentage fees - are you paying too much for your investments? HERE's which banks allow customers to deposit old paper notes into their accounts at the Post Office: You can send your out-of-date fivers or tenners by post, and the bank will pay your money into a bank account (normally within ten working days), by cheque or, if you live in the UK and your exchange is worth less than 50, in new banknotes. Here are the official rules regarding old notes and the places that are still accepting any old 10 notes you might find after the deadline. No time limit on when this will end. Its also worth checking old coins for particular dates that are more valuable to collectors. The six Scottish and Northern Ireland banks must, by law, set aside assets that are worth at least the value of all of the banknotes they have in circulation. However the lady at the counter made an exception because I was also depositing a large amount of notes. The further back you go in date, the more youre likely to fetch. Disclosures made to us will be dealt with by a dedicated whistleblowing function. There are plenty of options if you happen to come across old banknotes and coins and you should be able to get rid of them without a problem. Get our money-saving tips and top offers direct to your inbox with the Mirror Money newsletter. Forum Member. But banks don't legally have to keep accepting old money, so it's worth checking with yours before you head to a branch. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. Coinciding with what would have been his birthday, the Bank of England today has released its newly-designed 50 bank note, featuring mathematician and computer scientist, Alan Turing. We use the Halifax/BOS. No time limit on when this will end. Nationwide says it accepts old notes (and coins) from existing members as they have to be paid into an existing account they hold with the Society. For claims of 700 or more, you may need to provide additional proof of ID and address. Get your evaluation quick! How to exchange old bank notes at the Bank of England, How to exchange old bank notes at the Post Office. Thanks! 25/01/10 - 16:15 #11. . Coins are manufactured and issued by the Royal Mint. Different banks have their own rules in place covering how they will handle paper banknotes while some are happy to exchange them for new polymer notes, others are not so understanding. This is generally referred to as 'making a disclosure in the public interest'. To see all content on The Sun, please use the Site Map. 4am - 7am. Banks that allow you to exchange paper notes will generally allow you to deposit the money into the account that you hold with them. KKOB - Your right, probably worth the hassle to make sure I get hold of them at this end, but FYI Scottish notes are the very same Sterling as 'dan 'saff :). 0. Old pound coins are no longer legal tender. A new polymer 20 note featuring JM Turner will be issued in 2020 replacing the current paper notes. Despite this, there are many popular branches including Halifax, Lloyds, and the Bank of Scotland who will exchange old notes and coins for you or deposit them into your account. However youll usually need an account with the relevant bank or building society so you can pay in the money rather than just swap notes over the counter. For more information on how these cookies work please see our Cookie policy. If you have any other questions you would like to see featured then please let us know. This means that we may include adverts from us and third parties based on our knowledge of you. These paper notes are no longer legal tender, meaning they can't be used to pay in shops, but the good news is you can still deposit them or exchange them for cash. If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. Old 20 and 50 paper notes stopped being legal tender in the UK on 30 September 2022. AIB Group (UK) plc (previously trading as First Trust Bank in Northern Ireland) ceased issuing banknotes on 30 June 2020. Oxfam An organisation dedicated to ending poverty and providing the means to live to millions of people around the world, Midlands Air Ambulance Provides life-saving air support to six Midlands counties, Alzheimers Society Supports people affected by dementia and funds research towards a cure. Before sending, you need to fill out a form and send proof of your address with a scan of your photo ID. more. We pay for your stories! Alternatively, you may use. But as of October 2022, shops will no longer accept paper notes. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. For other inquiries, Contact Us. Ian Payne is Leading Britain's Conversation. It is closed at the weekend and on bank holidays. Currency within the UK changes fairly frequently leading to coins and banknotes being taken out of circulation. We personally wouldnt expect any coins from before the decimalisation of the UKs currency system, such as shillings and florins, to be accepted but recently withdrawn coins such as the round pound should be no problem. Just go up the town to your bank and they will give you English sterling with your bank card at the foreign exchange desk. We have a published approach to regulating Scottish and Northern Ireland banknotes. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. Customers of Lloyds Banking Group, which covers Bank of Scotland, Halifax, and Lloyds, can deposit old notes worth more than 20. This should be done by recorded or special delivery - however once again it warns that this too could mean, a wait time for your payment may be in excess of 30 days. One option is to take the old paper notes down to the Central Bank in person. If you dont have an account with a bank or building society your only option may be to take a trip to the Bank of England and swap your note in person. Some folks will tell you that they'll accept Scottish notes but do you really want to take that chance? Always remember anyone can post on the MSE forums, so it can be very different from our opinion. If youre sending less than 50 to them, you can expect to receive new notes in the post in exchange. 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