The £20 paper will remain legal until September 30, 2022. After that date, paper banknotes of £20 and £50 will cease to be legal tender. Therefore, we encourage anyone who still has them to use them in the last 100 days or deposit them at their bank or post office. We will withdraw legal tender status from our £20 and £50 paper notes after 30 September 2022. You can also use the £50 paper receipt after the expiry date at your local post office (opens in a new tab). The old £50 note shows the English manufacturer Matthew Boulton and the Scottish engineer James Watt. The two men teamed up to produce steam engines and first appeared on the note on November 2, 2011. The polymer material also makes the note harder to tear and more waterproof – it stops pressure stains or blurred lines that were common on old £50 paper. Her Majesty`s portrait will appear on the existing designs of the four polymer banknotes (£5, £10, £20 and £50). This will be a continuation of the current series of polymers and no further changes will be made to the banknote design. It came out with the old and with the new as well as the expiry date of the paper £20 note (opens in a new tab), the old £50 notes will soon be out of circulation.
The new £50 note is the last British currency to be printed on polymer. The Bank of England switched to this material because it “makes them harder to counterfeit than paper notes.” The Bank of England`s deadline for legal tender status of the £20 and £50 notes is 30 September. When the paper notes were returned to the Bank of England, they were replaced by the new 20-pound polymer notes with JMW Turner and the 50-pound polymer notes with Alan Turing. The Bank of England has confirmed that the old £50 notes will expire on Wednesday, September 30, 2022. So far, £1.2 billion of paper banknotes have been deposited in the post office`s 11,500 branches – £372 million in £20-20 notes and £820 million in £50 notes. Tomorrow, these paper tickets will no longer be legal tender and they will not be accepted in stores. Paper notes have been replaced by new polymer notes: the £20 note features JMW Turner and the £50 Alan Turing note. The new £50 note (opens in a new tab) features British World War 2 codebreaker and scientist Alan Turing as an iconic figurehead alongside the Queen. It was released earlier this year, in June 2021, to mark the 109th anniversary of the year. To celebrate the mathematician`s birthday. The banknote is made of plastic, making it harder to tear and more durable for long-term use. State-of-the-art security features have also been added to prevent fraudulent use.
When do old £50 notes expire? That`s the question most people ask themselves with paper notes in their wallets, as the new £50 polymer has been in circulation for some time. UK post offices expect an influx of “last-minute” customers who deposit £20 and £50 worth of paper notes this week before they can no longer be used in shops. A portrait of Queen Elizabeth II (opens in a new tab) is also printed on the window, on which “£50 Bank of England” should be printed around the oval edge. Martin Kearsley, the Post`s banking director, said: “We are aware that people live busy lives and that some may postpone the deposit of their £20 and £50 notes at the last moment. Friday, September 30 is the deadline for Bank of England paper notes to become legal tender. Many of these paper notes have now been returned to us and replaced by the £20 polymer with artist J.M.W. Turner and the £50 polymer with scientist Alan Turing. However, if the public still has one of these paper notes in their possession, they should deposit or issue it while they can. “All Bank of England polymer banknotes can be used as legal tender in the UK after 30 September. Keep the note in the light. Check if there is a brilliant “£20” or “£50” at the top of the Queen`s portrait.
It put the 50-pound polymer note into circulation on June 23, 2021, meaning the bank`s entire collection of banknotes currently printed is made of plastic. The new note features a portrait of Turing, who designed modern computing and played a crucial role in the Allied victory over Nazi Germany during World War II. If you have £20 or £50 paper notes, we recommend using them or depositing them with your bank or post office before 30 September 2022. While the majority of £20 and £50 notes in circulation have been replaced by new polymer versions, more than £6 billion of paper notes are still in circulation with economist Adam Smith and more than £80 billion of £50 billion notes with engineers Boulton and Watt. That`s more than 300 million individual £20 banknotes and 160 million £50 notes. Footnote [1] This represents more than 250 million individual £20 notes and more than 110 million £50 notes. Just one year ago, we issued the 50-pound polymer note with scientist Alan Turing on his 109th birthday. The £50 Turing completed our polymer banknote family, with all denominations (£5, £10, £20 and £50) now printed on polymer. Cashiers at the Bank of England`s central branch on Threadneedle Street in London are happy to replace the old £50 notes. Current banknotes bearing the portrait of Her Majesty Queen Elizabeth II are legal tender and will not be withdrawn from circulation until they are worn or damaged. They will circulate with those of King Charles III.
Last year, the bank introduced the 50-pound polymer note featuring World War II scientist and famous World War II codebreaker Alan Turing. Also in circulation are 105 million pounds of old one-pound coins, five years after losing their tender status, according to the Royal Mint. After September 30, only our polymer banknotes will be legal tender. The £50 paper and polymer banknotes are both in circulation and are currently legal tender. But you need to make sure you spend your £50 paper ticket now before the expiry date. The old 20 and 50 pound notes will be redundant from 30 September to combat counterfeit money. Although old 50-pound bills officially expire at the end of September, you can exchange your paper for a new polymer after that date. Today (Friday, 30.
September 2022) is the last day that old £20 and £50 paper notes can be used. You can still receive paper notes from companies or others until September 30, 2022. Focus on these important security features to confirm that a £20 or £50 paper note is genuine: The Bank of England has asked people to issue or deposit their £20 and £50 notes before the notes cease to be legal tender in six months. The new £20 note features artist JMW Turner, while the new £50 note features Bletchley Park codebreaker Alan Turing. The move comes after the bank introduced new £20 polymer plastic banknotes in February 2020 and £50 polymer banknotes in June 2021. The Bank withdrew the legal tender GBP 5 and GBP 10 notes in May 2017 and March 2018 respectively. Old £20 and £50 notes will expire in September 2022 This will officially be the last day you can use your old £50 notes in shops, pubs and restaurants. The Bank of England will withdraw the legal tender status of the £20 and £50 notes after 30 September 2022. After this date, companies will no longer accept these tickets as a means of payment.