![]() The transition from paper notes to polymer notes is part of increased security measures. You can find full details on the Bank of England website here. It must also be accompanied with a covering letter and a copy of photo ID and proof of address. ![]() The transfer of funds can take up to 10 working days.īusinesses can also exchange old bank notes via post, but must complete a separate application form to do so. If you are an individual, you can exchange your banknotes with the Bank of England over the counter or by post, but you must fill out an application form and take into consideration safety measures against loss or theft. You can exchange them at your local Post Office, bank, or with the Bank of England itself for face value. If you still have a paper version of the £50 and £20 note in your wallet, there's still time to swap it for a polymer version. Can I exchange them for the new plastic version? Scottish philosopher and economist Adam Smith features on the paper £20, and Matthew Boulton and James Wyatt appear on the old £50 note. The polymer £5 note, meanwhile, was issued in September 2016 and features Sir Winston Churchill.įinally, the new £10 note which was issued in September 2017 now has Jane Austen on it. Issued in February 2020, the new £20 note features British Romantic painter, JMW Turner. The final date you can use paper £50 notes is September 30 next year - the same goes for paper £20 notes. But as of October 2022, shops will no longer accept paper notes. The new plastic version of the £50 bank note is part of the Bank of England's process to replace all paper notes.īut if you still have a paper note knocking about, fear not - you can still use them for the time being and exchange them. Not only was Turing a computer pioneer, he broke the Enigma code during World War II, aiding British and Allied forces in claiming victory. ![]() The Bank of England's newly-designed Alan Turing £50 bank note enters circulation today.Ĭoinciding 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.
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