old elgar £20 notes!

johnholmes · 13 Jan 2011 at 21:31

hi everyone.

Like a lemon I have ended up with a old £20 note. has anyone taken one to the bank in the last few days?
I know they were still taking them after the deadline but i need to know about very recently as in yesterday. I know BoE takes them but that means post and hassle. Has anybody had any experience?
I know i will find out tomorrow but i would love to know right now. Any one?

Thanks in advance

decmatt · 13 Jan 2011 at 21:32

Banks should be okay in my experience.

mame · 13 Jan 2011 at 21:42

I think the Bank of England will exchange them forever. Easiest way is to just carry it around and try and spend it somewhere. I doubt it would take more than a couple of days.

Deyvy · 13 Jan 2011 at 22:18

We still accept them and the bank hasnt rejected any from us yet.. Most places shouldnt have a problem accepting it. If they do, just try somewhere else, even a high street bank should accept them.

johnholmes · 13 Jan 2011 at 22:42

i feel a bit better now. although back in july alliance leicester would not take them and told me to go to lloyds (and its my bank!)t#**#@s
Anyway thanks for reply guys. what a forum. i love it

Lord_Kokain · 13 Jan 2011 at 23:22

I recently deposited a tenner that was even older than the Edgar 20 pound notes and the bank was fine with it. It surprises me pleasantly how easy-going is the national bank on this issue. Other countries just give strict deadlines when changing currencies and people cannot do anything about it after that, even if the money they happened not use may be substantial for their livelihood. In the UK, on the contrary,I could come up with a pound from a century ago and it will still be taken(would have to do it directly in BoE though). Only problem is that I would get a current pound for it so obviously people would be the ones losing out on not utilizing money when it was worth something more.

ElvisFan · 13 Jan 2011 at 23:40

My dad recently exchanged a grands worth of Elgar tenners at the local LloydsTSB.

Chris1983 · 13 Jan 2011 at 23:45

I should think so, its only a piece of printed paper after all. They cost very little to make.

L0rdMike · 13 Jan 2011 at 23:49

ElvisFan said:
My dad recently exchanged a grands worth of Elgar tenners at the local LloydsTSB.

On a £10 note you say?

johnholmes · 13 Jan 2011 at 23:55

@ElvisFan
does your dad have an account there?

Vonhelmet · 14 Jan 2011 at 00:28

ElvisFan said:
My dad recently exchanged a grands worth of Elgar tenners at the local LloydsTSB.

FORGERY!

Fenris · 14 Jan 2011 at 01:12

Banks will take them forever IIRC.

Technically shops are allowed to accept them, most of them don't however as they can't keep them in the tills.

ElvisFan · 14 Jan 2011 at 07:56

L0rdMike said:
On a £10 note you say?

sorry, twenties.

And yes, he does have an account there.

Cosimo · 14 Jan 2011 at 08:31

mame said:
I think the Bank of England will exchange them forever. Easiest way is to just carry it around and try and spend it somewhere. I doubt it would take more than a couple of days.

They will:

http://www.bankofengland.co.uk/banknotes/withdrawn/index.htm

http://www.bankofengland.co.uk/banknotes/about/exchanges.htm

johnholmes · 14 Jan 2011 at 21:17

evening all

Took the note to lloyds today no problem and they took it without batting an eyelid.
Did not take it to my own bank (santander) as the last time they didnt take it.
So the moral is barring santander and the post office all the other banks take them and the BofE will take them forever.

Cheers to all who replied

Amp34 · 14 Jan 2011 at 21:21

Lord_Kokain said:
I recently deposited a tenner that was even older than the Edgar 20 pound notes and the bank was fine with it. It surprises me pleasantly how easy-going is the national bank on this issue. Other countries just give strict deadlines when changing currencies and people cannot do anything about it after that, even if the money they happened not use may be substantial for their livelihood. In the UK, on the contrary,I could come up with a pound from a century ago and it will still be taken(would have to do it directly in BoE though). Only problem is that I would get a current pound for it so obviously people would be the ones losing out on not utilizing money when it was worth something more.

Yep, pretty cool, especially when you're a 12 year old who just discovered a 40-50 year old £10 note. Sent it in and they sent me a nice shiny new one back.