Quick Answer: Which Scottish Bank Notes Are Being Withdrawn?

Where can I change old bank notes?

But old bank notes retain their value for all time, so while you can no longer spend them on the high street, you can return them to the Bank of England, or most major banks if you’re a customer, and get a new polymer banknote in exchange..

Does the post office change Scottish notes?

The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this.” Advice to customers and non-customers for exchanging notes. … Other banks, building societies and The Post Office may continue to accept and exchange Scottish paper notes after the March 1.

Can we exchange old notes now?

As the deadline for exchange of specified bank notes (₹500 & ₹1000 before 08/11/2016) was 30/12/2016 exchange of old notes no longer permissible. One can retain maximum 25 pieces of denotified notes with him for academic purposes. If kept beyond the limit it is a punishable offence.

Can I change old Scottish 20 notes at the bank?

Like the £10 polymer note, the £20 notes have the ‘tactile emboss’ feature to aid the visually impaired. All existing paper Bank of Scotland £20 notes will now be gradually withdrawn, but any in circulation will continue to be accepted at shops, banks and cash payment machines.

What 20 pound notes are being withdrawn?

On 20 February 2020 we issued a new polymer £20 note. You will still be able to use the paper £20 note until we withdraw it from circulation. We will announce the withdrawal date after we have issued our new polymer £20 note. We will give six months’ notice of this withdrawal date.

When was the pound note withdrawn in Scotland?

1 March 2018Indeed, on 1 March 2018, Scottish paper £5 and £10 notes were removed from circulation.

When did the old 20 pound notes go out of circulation?

20 February 2020On 20 February 2020 we issued a new polymer £20 note. You will still be able to use the paper £20 note until we withdraw it from circulation. We will announce the withdrawal date after we have issued our new polymer £20 note. We will give six months’ notice of this withdrawal date.

Does Scotland have a 100 note?

Scottish banknotes are legal currency and are generally accepted throughout the United Kingdom. … The £100 note is currently the largest of five denominations of banknote issued by the Bank of Scotland.

Can you still use the old 20 notes?

Yes, you can still use the old £20 notes as they are accepted as legal tender. Bank of England are yet to confirm when the old £20 notes expire, although their website states they will give six months’ notice of its withdrawal. The Bank of England website states: ‘On 20 February 2020 we issued a new polymer £20 note.

Scottish banknotes are unusual, first because they are issued by retail banks, not government central banks, and second, because they are technically not legal tender anywhere in the United Kingdom – not even in Scotland. … Instead the Scottish banks withdraw old notes from circulation as they are banked.

Will banks still take old notes?

But old bank notes retain their value for all time, so while you can no longer spend them on the high street, you can return them to the Bank of England, or most major banks if you’re a customer, and get a new polymer banknote in exchange.

What bank notes are being withdrawn?

Ulster Bank, Danske Bank and Bank of Ireland paper £5 and £10 banknotes were withdrawn from circulation on 30 September 2019. Banks will continue to exchange the old paper based notes. First Trust banknotes will cease to be legal currency from midnight on 30 June 2022.

Is refusing notes in Scotland illegal?

The notes are also legal currency and are approved by the UK Parliament, however, Scottish banknotes are often refused at the discrepancy of the business. If a banknote is refused, there is very little you can do as payment is essentially a matter for agreement between the parties involved.

Can you still use 1 pound notes in Scotland?

The £1 note is currently the smallest denomination of banknote issued by The Royal Bank of Scotland. The bank ceased regular production of £1 notes in 2001; the denomination is still in circulation although rarely seen in cash transactions since about 2006.

Do banks still take old 20 pound notes?

But even after the old £20 notes have been withdrawn from circulation, many banks will still accept them as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account.

Can I change old 20 notes at the post office?

The Post Office will typically accept notes after they have ceased to be legal tender. … The Bank of England will exchange old banknotes at any point, as they retain value for all time. Notes can be exchanged at the Bank itself, which is located on Threadneedle Street in the City of London.

What is on the new 20 note?

We first issued our polymer £20 note on 20 February 2020. It features the artist JMW Turner.

Will the Bank change Scottish notes?

Issuing banks will still accept all Scottish money from customers after the deadline and paper notes may be replaced with plastic ones. … The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this.”

Do banks accept Scottish notes?

English banknotes aren’t legal tender in Scotland. Scottish notes aren’t legal tender in England or Scotland. Debit cards, cheques and contactless aren’t legal tender anywhere.

Are 20 notes going out of circulation?

On 20 February 2020 we issued a new polymer £20 note. You will still be able to use the paper £20 note until we withdraw it from circulation. … The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And, you can always exchange withdrawn notes with us.

How long can I use old 20 pound notes?

The paper £20 notes can still be used as normal and the Bank will give six months’ notice ahead of their legal tender status being withdrawn.