So we want to remind the public that they have one year from today to spend their paper banknotes.” Turner, and the polymer £50 featuring the scientist Alan Turing are now in wide circulation, and we are in the process of withdrawing their paper equivalents. The polymer £20 featuring the artist J.M.W. Speaking ahead of the date, the Bank of England’s Chief Cashier Sarah John said “In recent years we have been changing our banknotes from paper to polymer because this makes them more difficult to counterfeit, and means they are more durable. For more information on this please see our Exchanging old banknotes page. The Bank of England will continue to exchange all withdrawn notes. Some Post Offices may also accept withdrawn notes as payment for goods and services or as a deposit to an account accessed via them. After 30 September 2022, the new polymer notes will be the only ones with legal tender status.Īfter 30 September 2022 people with a UK bank account will still be able to deposit withdrawn notes into their account. Turner, and polymer £50 notes featuring Alan Turing. As they are returned to the Bank of England, these are being replaced with the new polymer £20 notes featuring J.M.W. There are approximately £9 billion worth of paper £20 and £15 billion worth of paper £50 notes still in circulation.

The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2022, and we are encouraging anyone who has these at home to spend or deposit them at their bank or Post Office.

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