Is there a 500 pound note?
The £500 pounds white note is the Bank of England’s second highest denomination. Hand-signed by the Chief Cashier, the five hundred pounds note features a seated Britannia, the classical figure representing the British isles. Like all white notes, the £500 bill is printed in black and white with a blank reverse side.
Are old UK notes still valid?
Exchanging old notes 30 September 2022 is the last day you can use our paper £20 and £50 notes. Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.
What can you do with old pound notes?
Exchange them through the Bank of England There is no time limit when it comes to exchanging old banknotes through the Bank of England. You can do this in person if you go along between 9.30am – 3pm on weekdays (if you happen to be in London) or you can send your notes to the bank (opens in new tab).
Is the old 10 pound note still legal tender?
Exchanging old notes The current £10 note replaces our paper £10 note which was withdrawn from circulation on 1 March 2018. Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.
Is there a 50 pound note?
We first issued our paper £50 note in 2011. It features the entrepreneur Matthew Boulton and the engineer James Watt. 30 September 2022 is the last day you can use our paper £20 and £50 notes.
What is the biggest pound note in UK?
The Bank of England banknotes. There are four denominations of banknotes in circulation: £5, £10, £20 and £50. All four denominations of notes are printed on polymer. There are also £20 and £50 notes printed on paper.
Will banks take old one pound notes?
Your bank may swap or deposit old paper notes and coins. Banks don’t legally have to accept old paper notes and coins once they’ve been withdrawn from circulation. However, some may continue to allow you to swap them while others may let you deposit old notes and coins into your account.
Does pound sterling expire?
Old paper £20 notes will expire on 30 September 2022. After this date, cafes, bars, shops and restaurants will no longer accept the paper £20 note. This is notably the same day as the old £50 note expiry date. The Bank of England have to give up to six month’s notice to when an old bank will cease as tender.
How long can I use old 10 pound notes?
While the old paper £5 and £10 bank notes are no longer legal tender, you can still pay with the paper versions of both the £20 and £50 notes until 30 September 2022. After this date, they will no longer be classed as legal tender.
Can you still use old 10 notes 2022?
Paper £10 and £5 banknotes have already been withdrawn, while paper £20 and £50 notes cannot be used after 30 September 2022. They have been replaced with new plastic notes with a series of security features. However, the Bank of England said it will continue to swap old notes for their face value.