I have a wee bit of cash and need to change it for the new style 20 quid note. when do i need to have this done by in order not to lose what i already have?
2007-03-23 07:51:02 · 16 answers · asked by Andy M 1 in Business & Finance ➔ Other - Business & Finance
You've got ages, they'll be phased out over the next two years.
2007-03-23 07:54:17 · answer #1 · answered by Kate J 4 · 1⤊ 0⤋
You can relax! When the Series E Revised £20 was issued on 22nd June 1999, the old Series E note wasn't withdrawn until 28th February 2001. As the latest £20 note (Series F) was only issued on 13th March '07, you'll be safe for quite some time. It's not a good idea to keep too much cash in the house though, most people keep their savings in the bank; Tony Soprano's the only one I know who hides his around his home!! :)
2007-03-23 08:03:11 · answer #2 · answered by uknative 6 · 0⤊ 0⤋
The new-style £20 notes will circulate alongside the old-style Elgar note which will be progressively withdrawn from circulation.
The date when its legal tender status ends will then be announced, as is usual practice.
As with all Bank of England notes, they can always be exchanged for their face value at the Bank in London.
2007-03-23 10:44:59 · answer #3 · answered by Rod Mac 5 · 0⤊ 0⤋
2012
2007-03-23 07:53:54 · answer #4 · answered by cereal killer 5 · 0⤊ 1⤋
they wont ever go out of circulation they might not be as common or used as much but it will always be excepted at least I can almost garuntee it wont for the next 20 yrs atleast.. unless they suddenly have a huge news segment on the 6 oclock news telling everybody to trade it in or burn it bcause it is illegal now...I mean the old dollar bills are still in circulation..yes they are always making new bills and when the old ones are badly damaged they do away with them but some one in 1960 might have gotten a 20 dollar bill and saved it for 50 yrs. for whatever reason they will not be turned away..money is money after all..and it still hold value..
2007-03-23 08:00:09 · answer #5 · answered by Anonymous · 2⤊ 0⤋
At least 2 years. Ther is definatly NO rush to change your money. We have litlle OAPs coming into our brance ( I work for a bank) with wads of thousands of pounds worth of the older 20's desperate to change them. We still accept the notes from the 80's and earlier
2007-03-23 09:11:59 · answer #6 · answered by gingajen 3 · 0⤊ 0⤋
Think it's a couple of years, but know it's ages anyway! But don't the new notes look so much better than the old ones? Just a bit more classy, like they're worth more. Of course unfortunately they're not, mmmmm that was a bit of a tangent. I'll leave it there.
2007-03-23 07:58:27 · answer #7 · answered by Lovely Witch 25 2 · 0⤊ 0⤋
Dude just go to a nearest bank and deposit, if u don't have a account then ask a friend who cud help u out the banks take the old currency and give u new ones. u can deposit the cash u have with u and on later date withdraw it exchanging it for some other denomination.
2007-03-23 08:02:30 · answer #8 · answered by kittana 6 · 0⤊ 1⤋
dont worry bout it, when u pay for something, sooner or later it gets to the bank and the bank exchanges the old £20 notes into new ones and gets rid of the old ones, soooo soon enough the old ones will be destroyed so u wont lose anything.
2007-03-23 07:55:16 · answer #9 · answered by Anonymous · 1⤊ 0⤋
hi the £20 will be phased out over the coming two to three years. Had my first look at a new one yesterday
2007-03-23 08:00:20 · answer #10 · answered by Corndolly 3 · 0⤊ 0⤋
Even when the new ones come in you will still be able to change the old ones at the bank !
2007-03-23 07:55:08 · answer #11 · answered by Anonymous · 2⤊ 0⤋