5th Aug 2022 @ 2:41 pm

If you’ve got hundreds of pounds stuffed under your mattress for a rainy day, you should be aware that British paper £20 and £50 banknotes cease to be UK legal tender on 30th September, giving you just under two months to change them. These banknotes will be exclusively polymer-based from October onwards.

You can exchange them in person, at a UK post office or your bank; but if you’re not going back to the UK you’ll need to post them to the Bank of England, who’ll then make an electronic transfer to your account.

Further details of how to do this can be found at: www.bankofengland.co.uk/banknotes/

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