£20 & £50 Paper Notes To Be Used by 30th September

The Bank of England will be withdrawing the legal tender status of paper £20 and £50 banknotes after 30 September 2022.

People have just less than 2 weeks to use the paper £20 and £50 banknotes remaining in circulation, the Bank of England has said.

The last day the notes will have legal tender status is 30 September.

The Bank is encouraging anyone who still has them to use them or deposit them at their bank or a post office before the end of September.

While the majority of paper £20 and £50 banknotes in circulation have been replaced with new polymer versions, there are still more than £6bn of paper £20 notes featuring economist Adam Smith, and more than £8bn of paper £50 banknotes featuring entrepreneur Matthew Boulton and engineer James Watt, in circulation.

That is more than 300m individual £20 banknotes, and 160m paper £50 banknotes.