Replacing old £20 notes?

[I get around]

if he puts it in the bank and his business gets a tax audit they will want to know where it came from...

And if it's legit money then he won't have a problem.

 

[BenjiSayers]

Was his name Raoul Moat?

lol nah, This lad was skinny even I could have taken him

 

[Jonny69]

Say if I had about £4000 in old £20 notes

Tax dodge cash eh?

Go to the bank, they will always change them.

 

[Eliot]

I think maybe if I had lots of money to do something with i wud go to a bank m8

LOL

 

[Kelt]

Tax dodge cash eh?

Go to the bank, they will always change them.

No, they won't, not unless you have an account with them. And even then, you'll have to put it into your account, for audit purposes.

The Bank of England will always exchange notes in person or by post, but again, they will be audited. It's all about anti-money laundering these days. Hence why you can't buy 500 Euro notes any more, in this country.

 

[ntg]

The only reason I can think of someone having thousands of pounds in old notes is from a heist. He probably hid them somewhere (storage room?) until now, waiting for the dust to settle.

What do you think OCUK? Can we claim a reward??

 

[ntg]

Hence why you can't buy 500 Euro notes any more, in this country.

It's quite funny you can still buy 1,000 swiss franc notes though (which are worth more than 500 euro notes).

 

[a1ex2001]

It's quite funny you can still buy 1,000 swiss franc notes though (which are worth more than 500 euro notes).

Yes but the swiss franc isn't the money laundering currency of choice.

 

[ntg]

Yes but the swiss franc isn't the money laundering currency of choice.

Well the 500 euro was claimed as the currency of choice because it was supposed to be the highest value current note. So it's the other way around.

 

[I get around]

I think it's quite funny it took my dads mate well over a year to get rid of a load of 500 euro notes he got. Sold a boat in holland and he couldn't change or spend about 20000 euros, no one would take them