Are scottish paper tenners still legal?

Asked by: Aiden O'Connell
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The deadline to use your old Scottish £5 and £10 notes has been set for March 1 - meaning the paper notes will cease to be legal tender after that date. That means there are less than four weeks to go until the old fivers and tenners are withdrawn from circulation, replaced by the new polymer notes in 2015.

Are paper Tenners still legal?

While the paper £5 and £10 notes are no longer legal tender, they will always be accepted by the Bank of England. People can take or post any old notes to the bank in Threadneedle Street, in the City of London, to be exchanged for a new-style polymer one. ... Banknotes can also be exchanged by post."

Are paper 50 notes still legal tender Scotland?

The paper and polymer £50 notes are both in circulation and are considered legal tender at present. ... The old paper £50 note features English manufacturer Matthew Boulton and Scottish engineer James Watt.

Can I still use paper 20 notes in Scotland?

After 30 September 2022 Bank of England paper £20 and £50 notes will no longer be legal tender. ... The three issuers of Scottish banknotes, Bank of Scotland, Clydesdale Bank and the Royal Bank of Scotland, will also withdraw their paper £20 and £50 banknotes on the same date as the Bank of England.

17 related questions found

Are paper 20 notes still accepted?

Old £20 and £50 notes are still valid and can be used alongside new ones up to the date they are withdrawn from circulation by Bank of England. As the Bank of England releases a new £50 note featuring Alan Turing, many are asking when the old notes are to be withdrawn from circulation.

Can you still Deposit old 1 coins?

If you still have some old £1 coins, chances are that you can deposit them into your bank account. Many banks still allow you to pay them in, but they won't exchange them for new coins. Be aware that this is done at your bank's discretion and they are under no legal obligation to do so.

Are paper 10 pounds still legal?

Bank of England paper £5 and £10 notes, which were issued in England and Wales (although they could still be spent elsewhere in the UK), are no longer legal tender having been replaced by polymer plastic versions in 2017 and 2018 respectively.

How long can I use old 20 pound 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.

What do I do with old Scottish bank notes?

Yes, as a Royal Bank of Scotland Bank customer you can swap, or deposit into your account, out of circulation coins/notes and replace them with new ones.

Are old Scottish 20 notes still legal tender?

Even after the old £20 notes have been withdrawn from circulation, the Post Office will accept withdrawn notes as a deposit into any bank account. ... The same goes for any other old notes you have knocking about that are no longer legal tender.

How do I exchange old Scottish 10 pound notes?

At your bank

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 may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Can we exchange old notes now?

You can always exchange withdrawn notes with us by post. ... Send it with your banknote(s) and photocopies of ID (one photo ID and one proof of address) for any exchange (mandatory for any exchange of £700 or more) to Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH.

Can you exchange old notes 2020?

Exchanging old notes

You need not visit the branch of the bank where you have an account in. If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days.

What can I do with old coins?

What to do with your old coins and banknotes
  • 1. Mail them to the Bank of England. ...
  • Exchange them at your bank. ...
  • Take them to the Post Office. ...
  • Sell them to collectors. ...
  • Give them to Charity.

What can you do with old 10p coins?

If you take standard 10p coins, or even small change to the value of 10p, they will swap it for an A-Z coins. You can buy up to 10 of the A-Z coins at a time. One coin collector based in Cardiff told WalesOnline: "Loads of people are doing it. You just go down and swap three times a week and then make a profit on Ebay.

Are aa 10 notes worth anything?

Some of the other early-printed notes will also be held back by The Bank of England to give to museums and other institutions. However, the first million £10 notes will contain a prefix of AA01 and could all be worth £50.

Are any old 1 coins worth anything?

Edinburgh (2011) - worth £16

Fewer than 1million coins went into general circulation at 935,000, making it the rarest old-style £1 coin out there. A circulated version recently sold on eBay for £16 and it proved popular with 18 bids. But if you have an uncirculated commemorative version it can go for a lot more.

How much is a 1983 one pound coin worth?

How Much is the 1983 1 Pound Coin Worth? The mintage for the 1983 coin is the highest of all the round pound coins: 443,000,000. Not surprisingly, this is considered a very common coin. For a circulation coin, you'll have to spend £2.99 on eBay as of 2019.

How can I exchange old coins for cash?

Step 1: Visit the official website which facilitates buyers and sellers to trade directly. Step 3: Click a picture of your coin, and put it for sale on the website. Step 4: Talk to interested buyers who will contact you. If you have a rare coin, then you have the chance to earn a good amount of money.

How do I get rid of my old 20 pound notes?

The easiest way to get rid of the paper notes is to spend it in a shop or to deposit it at a local bank or building society. Shops will stop accepting notes from the day they officially are withdrawn by the Bank of England. However, banks usually allow customers to deposit old notes for some time after that date.

When did the new 20 note come out?

We first issued our polymer £20 note on 20 February 2020. It features the artist JMW Turner. 30 September 2022 is the last day you can use our paper £20 and £50 notes.

Can I use the old 10 note?

The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. However, old notes can still be exchanged at the Bank now that this point has passed. Although the new tenners came in last year until the deadline the paper money continued to be legal tender so could be spent freely.

How can I exchange old 500 notes now?

All you have to do is visit a website upload photo of your Rs 500 note that is old and rare. You will get cash upto Rs 10,000 when any buyer. As you will get a quick cash there are certain conditions which you must know before exchanging the old and rare 5 rupees note.

Can I swap old 20 notes at the bank?

Even after the old £20 notes have been withdrawn from circulation, the Post Office will accept withdrawn notes as a deposit into any bank account. And you can always exchange withdrawn notes directly with the Bank of England.