Holders of these notes should exchange them with AIB as soon as possible. Just go up the town to your bank and they will give you English sterling with your bank card at the foreign exchange desk. You will need to complete this form and provide a copy of some photo ID. By post: You can also post your old notes to the Bank, but note that this is done at your own risk and you may want to insure yourself against loss before sending banknotes in the post. Paper 10 notes were withdrawn as a legal tender in March 2018 and paper 5 notes were scrapped way back in May 2017. The Post Office may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them. You can do this at any of the Post Office's 11,500 branches as long as you're a customer of one of 25 banks - see the box below for the full list - but you can't exchange paper notes directly for polymer notes. "So make sure you check behind the sofa, empty old coat pockets and go through old wallets to see if any of it's yours.". Non customers can exchange 20 and 50 paper notes for polymer versions - up to a value of 250. These often have notices saying whether they accept old coins and notes and are an easy way to get rid of any small quantities you have lying around. This topic has been closed to new posts due to inactivity. Youll need to take along two documents one with proof of your address and another with photo ID to verify your identity along with completing a form at the counter. Customers of Lloyds Banking Group, which covers Bank of Scotland, Halifax, and Lloyds, can deposit old notes worth more than 20. Banks and building societies happy to exchange the old notesinclude Halifax, Lloyds, Nationwide, Barclays and HSBC - though keep in mind they may have a cut-off date. Find all the participating Post Office branches where you can exchange old notes. This works out at 242 million individual 20 notes and 106 million paper 50 notes. 0. 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from before the decimalisation of the UKs currency system, such as shillings and florins, to be accepted but recently withdrawn coins such as the round pound should be no problem. In some cases you will be able to exchange the paper notes for the new polymer notes even if you do not have an account with that particular bank, for example with Bank of Scotland and Virgin Money. The polymer 5 note, meanwhile, was issued in September 2016 and features Sir Winston Churchill. Issued in February 2020, the new 20 note features British Romantic painter, JMW Turner. Wed also like to use some non-essential cookies (including third-party cookies) to help us improve the site. Information on where to exchange the notes is available on theAIB Banknotes page. Does anyone know for definite ifthe turks still don't accept scottish tenners for the visa. It's more common than you might think, the Bank of England says there are still a whopping 212million paper notes in circulation that can no longer be used. 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. Regardless of their age, there are ways to get some money back for them but we encourage everyone who can to consider donating their old currency to charity where possible. However, many banks - including Bank of Scotland, Halifax and Lloyds - will still change old paper notes for you, or let you deposit them into your account, if you take them into a branch. Ian Payne is Leading Britain's Conversation. Nationwide, Santander and TSB told The Sun that customers can deposit - not exchange - notes at their branches. amid Meghan, Angry mob surround house and throw bricks and fireworks as police claim fury is based, Killer parents who left morbidly obese daughter to die in maggot-infested bed jailed, Arctic blast sets off government's Cold Weather Payment - but are you eligible for the, Intensive care doctor reveals horrors of working during Covid, after leaked Matt, 'Cut the cash! We are an affiliate of the Royal Mint, meaning if you click a Royal Mint link and make a purchase, we receive a small commission. In order to claim youll need to fill in the Bank of Englands damaged banknote application form (opens in new tab). It is open Monday to Friday from 9am-4pm and they will exchange any old banknotes you bring to them. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Flat fees vs percentage fees - are you paying too much for your investments? We often link to other websites, but we can't be responsible for their content. You cant spend old paper 20 and 50 in the shops any more but you can exchange them at some banks. Doctor who delivered Vladimir Putin's love children with mistress dies suddenly after revealing existence of his two, Exclusive: Matt Hancock told to quit as MP after WhatsApp messages over care home Covid, Ex-Leeds United footballer jailed for 17 years after raping teenage girl and taking, Jeremy Clarkson denies he has been axed from Who Wants To Be A Millionaire? All rights reserved. The further back you go in date, the more youre likely to fetch. Does it have to be BoE notes? Youll be given the same value back in the new polymer notes. The Bank of England says that the easiest way to exchange notes is by depositing them with your UK bank account, if you have one. For example, Iceland has said it will keep accepting paper tenners until Easter Monday (April 2). LBC News Always remember anyone can post on the MSE forums, so it can be very different from our opinion. 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. Paper 10 notes were withdrawn as a legal tender last March and paper 5 notes were scrapped in May 2017. Yes, you can. Get our money-saving tips and top offers direct to your inbox with the Mirror Money newsletter. 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. If your bank doesn't accept old notes or you can't access it via a post office, don't worry. If youre up for the trip you can go to the Bank of England in London where you can hand over your old withdrawn notes at the counter for shiny new polymer ones. Its also worth checking old coins for particular dates that are more valuable to collectors. Do Santander accept Scottish notes? Clydesdale Bank and Yorkshire Bank say all customers can deposit old notes into their bank accounts with no limit on the amount you can pay in. Martin Kearsley, banking services director at the Post Office - which has 11,600 branches across the UK, has said: "Thanks to an agreement with all UK high street banks, everyone can deposit cash and cheques, including any old notes, into their usual high street bank account at their local Post Office branch.". The transfer of funds can take up to 10 working days. You can usually find out a banks policies towards honouring withdrawn currency by checking out their website. Dalaman to icmeler. taxi or organised transfer. Can I spend a Scottish 20 note in England? The Bank of England itself says it will honour withdrawn currency forever, so you will still be able to swap old notes. Businesses and shops will no longer be obliged to accept. 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. oh, so not so hard to get hold of this funny english money!!!! The Bank of England will honour every banknote that has ever been issued by them, regardless of how long ago it ceased to be legal tender. We also understand that the Post Office accepts withdrawn notes as payment for goods and services. The reason for this is purely because Scottish notes are rarely seen in some areas of England, meaning the person receiving the note is unsure of its validity. No time limit on when this will end. Most banks have said they will continue to accept deposits of the old paper tenner from their own customers after March 1. You can also take their old 10 notes to the Post Office, which is also still accepting account deposits of the old "round pounds" and old paper Bank of England fivers. Innes Wight, Cambelltown, Scotland Dave from Sutton actually has it the wrong way. As always you can unsubscribe at any time. Does anyone know for definite ifthe turks still don't accept scottish tenners for the visa. Northern Irish banknotes. Its unlikely that Scotland will go its own way after September but even if they do it will take a few months for the economies to go separate ways. Old paper 20 and 50 notes are no longer legal tender but you can exchange them at the Bank of England, some Post Offices and many high street banks will accept them too. Did not even know they existed but a quick googley shows they do. You can deposit out-of-date banknotes up to the value of 300 every two years into your bank account at some local Post Offices. Never had any problems spending Scottish banknotes south of the boarder. Bath Cats, cheese and travel areSues passions away from her desk! Get answers to your questions about Icmeler, NEW: Some average prices for food, drink etc - 2019, NEW - Transfers from Dalaman- shuttles and private transfers, NEW - Icmeler - Some Tips for Icmeler Newbies, Accommodation services tax from January 2023. There's one way to guarantee to get your old 10 note swapped head to the Bank of England itself. 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. But what should you do if you come across any old ones? Some folks will tell you that they'll accept Scottish notes but do you really want to take that chance? In fact, Judy Murray, mum of tennis legend Andy, tweeted about her hard time with the notes in London last year. Cash of less than 20 will be exchanged for polymer notes.. By clicking Accept recommended settings on this banner, you accept our use of optional cookies. It's up to them. If youre looking to exchange old banknotes in return for useable money of equal value, your best bet is to send it directly to the Bank of England. For claims of 700 or more, you may need to provide additional proof of ID and address. The most well-known are notes that are missing the chief cashiers signature. In theory vending machines won't take them and shops will refuse them - but they don't have to say no. Luckily, most banks and even the Post Office will accept old pound coins, as long as they are in decent condition and not too damaged. When it comes to banknotes, there are a few things to look out for to determine their collectability. However, the bubble has now burst, and investors are moving on says Dominic Frisby. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Taking your old currency to your bank is a good way to quickly get it exchanged without having to worry about posting it. Santander cuts benefits on 123 account Some banks including Bank of Scotland, Barclays, Halifax, HSBC, Lloyds, NatWest, Royal Bank of Scotland and Ulster Bank will allow customers to deposit old paper notes. Forum Member. Looking to get away but want to keep costs low? Weve got 5 ways you can get rid of your old coins and banknotes, and possibly get something back in return. But banks don't legally have to keep accepting old money, so it's worth checking with yours before you head to a branch. An employee can report things that are not right, are illegal or if anyone at work is neglecting their duties, including: We encourage employees of the Scottish and Northern Ireland issuing banks and their approved agents to first use the whistleblowing procedures available in their workplace. SueHaywardis a personal finance and consumer journalist, broadcaster and author who regularly chats on TV and Radio on ways to get more power for your pound. 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. 1.5K Posts. Does it have to be BoE notes? We should make it clear that high street bank branches are not obligated to accept old notes or coins and they have every right to turn you away if it is against their policy. Cheers. This is regardless of whether you are a customer or not. 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.
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