Daily Black Immigrant News
Monday, September 12
Customers should exchange or deposit existing ?20 and ?50 notes as soon as possible
7 hours ago
The 20 and 50 note notes are being phased out (image source: Bank of England)
According to the Bank of England, 30 September 2022 is the last time you can use Bank of England 20 and 50 notes in England. They have been replaced by new polymer ?20 and ?50 notes.
As a result, CIBC FirstCaribbean is advising its customers to hand in any withdrawn £20 and £50 notes or exchange or deposit them at the nearest branch before 14 October 2022.
It is understood that, after this deadline, you will no longer be able to use the existing 20 and 50 ? notes in shops, or use them to pay businesses. That is, only the new ?20 and ?50 polymer notes will have legal status.
The new ?20 polymer notes will feature JMW Turner and the ?50 polymer notes will feature Alan Turing.
New Banknote (source: Bank of England)
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