Old £20 Notes

Thebug · 30 Jun 2010 at 21:06

Well they go out of circulation from today but how long do the banks still accept them for?

Pleh · 30 Jun 2010 at 21:07

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

Edit: I was wrong see link

fidget · 30 Jun 2010 at 21:07

It's up to them after today. They don't have to at all.

You can always send them to the bank of England for exchange to new ones though.

EDIT: Just to add, most banks will take them for a little while yeat (couple of months or so) but they don't have to.

Dark_Angel · 30 Jun 2010 at 21:14

What'd be awesome is in about say 2 years, give someone about £50,000 in these 20 pound notes so that can't actually do anything with them. I'd love to watch their rage when they realize.

St0rmer66 · 30 Jun 2010 at 21:15

Dark_Angel said:
What'd be awesome is in about say 2 years, give someone about £50,000 in these 20 pound notes so that can't actually do anything with them. I'd love to watch their rage when they realize.

Pretty sure they could still get the money, it would just be a lot more hassle to them. Just because the notes are no longer in use, doesn't mean the value they represent suddenly disappears (we're not Zimbabwe!)

Dark_Angel · 30 Jun 2010 at 21:17

St0rmer66 said:
Pretty sure they could still get the money, it would just be a lot more hassle to them. Just because the notes are no longer in use, doesn't mean the value they represent suddenly disappears.

There's always a cut off date!

Either that, or give them £50,000 but in fake money.... with a tiny note on them in the right corner which reads "LOLZ this ain't real cash!"

St0rmer66 · 30 Jun 2010 at 21:20

Dark_Angel said:
There's always a cut off date!

You sure? [link]

Are old Bank of England notes worthless?
No; all Bank of England notes retain their face value for all time. If your local bank, building society or Post Office is not willing to accept these notes then they can be exchanged with the Bank of England in London. For more information on how to exchange Bank of England banknotes that have been withdrawn from circulation see the exchanging banknotes page.

Dark_Angel · 30 Jun 2010 at 21:22

St0rmer66 said:
You sure? [link]

No, I forgot to add a

smile. :/ Sorry.

memyselfandi · 30 Jun 2010 at 21:22

Dark_Angel said:
There's always a cut off date!

Either that, or give them £50,000 but in fake money.... with a tiny note on them in the right corner which reads "LOLZ this ain't real cash!"

Actually, no there isn't

The Bank of England said:
Genuine Bank of England notes that have been withdrawn from circulation retain their face value for all time and can be exchanged at the Bank of England in London. There is no fee for this service.

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

edit: Beaten like a ginger stepchild ...

Dark_Angel · 30 Jun 2010 at 21:22

.................. see above.

St0rmer66 · 30 Jun 2010 at 21:23

memyselfandi said:
edit: Beaten like a ginger stepchild ...

You just made my day

.

Dark_Angel · 30 Jun 2010 at 21:26

St0rmer66 said:
You just made my day .

I'm always saying someone got beaten like a ginger step child.

Or worse, they got beaten like a ginger step child who broken their dad's expensive hifi!

Castiel · 30 Jun 2010 at 21:57

Dark_Angel said:
What'd be awesome is in about say 2 years, give someone about £50,000 in these 20 pound notes so that can't actually do anything with them. I'd love to watch their rage when they realize.

The Bank of England will accept any Sterling currency at face value no matter how old it is. You could have a 1755 £5 note and they will give you a brand new 2010 £5 note to replace it.

If you do have an 18th Century £5 note I would however try Christies or Southerby's first...

QuagmireUK · 30 Jun 2010 at 22:27

What are they replacing it with?

Dano · 30 Jun 2010 at 22:28

Dark_Angel said:
What'd be awesome is in about say 2 years, give someone about £50,000 in these 20 pound notes so that can't actually do anything with them. I'd love to watch their rage when they realize.

Where would this £50,000 in twenties come from in the first place?

Psymonkee · 30 Jun 2010 at 22:41

QuagmireUK said:
What are they replacing it with?

The Adam Smith £20

Berserker · 30 Jun 2010 at 23:03

You can even take a current note to the Bank of England and exchange it, but you'll only get another one back. Still, might come in handy if your notes have accidentally been laundered (providing there's enough of it left).

fidget · 30 Jun 2010 at 23:18

/me taps the microphone *cough* - 3rd post:

fidget said:
You can always send them to the bank of England for exchange to new ones

Then:

Dark_Angel said:
give someone about £50,000 in these 20 pound notes so that can't actually do anything with them. I'd love to watch their rage when they realize.

St0rmer66 said:
Pretty sure they could still get the money

Dark_Angel said:
There's always a cut off date!

Berserker said:
You can even take a current note to the Bank of England and exchange it, but you'll only get another one back.

Mark A · 30 Jun 2010 at 23:23

Gah, I've got £160 in old notes. Going to have to give my bank a ring and ask if they will accept them. I cba sending off ID and stuff to the Bank of England.

Thanks for the heads up!