Are Northern Bank Notes Valid In 2020?

Do banks still accept old 20 pound notes?

Exchanging old notes You will still be able to use the paper £20 note until we withdraw it from circulation.

Many banks will accept withdrawn notes as deposits from customers.

The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office..

Do shops have to accept Northern Irish notes?

There are two banks in Northern Ireland which issue bank notes and, although this cash is in sterling, it is not actually legal tender in England. Many retailers will still accept them but they are under no obligation to do so, according to the Bank of England.

Can you still use paper 5?

While the paper £5 and £10 notes are no longer legal tender, they will always be accepted by the Bank of England. People can take or post any old notes to the bank in Threadneedle Street, in the City of London, to be exchanged for a new-style polymer one. … Banknotes can also be exchanged by post.”

Does the bank accept old notes?

But banks don’t legally have to keep accepting old money, so it’s worth checking with yours before you head to a branch. … The Post Office may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Bank of Ireland, Danske Bank and Ulster Bank have agreed they will exchange their own paper £5 and £10 notes from non-customers up to the value of £250. … “The Northern Ireland note issuing banks will continue to accept old paper-based notes and there are currently no plans to change this.”

Can we exchange old notes now?

But old bank notes retain their value for all time, so while you can no longer spend them on the high street, you can return them to the Bank of England, or most major banks if you’re a customer, and get a new polymer banknote in exchange.

Can you still use Northern Bank notes?

“Although the existing Northern Bank notes will gradually be withdrawn from circulation, they can of course continue to be used in the usual way and will be accepted in retail outlets.”

What bank notes are going out of circulation in Northern Ireland?

Ulster Bank, Danske Bank and Bank of Ireland paper £5 and £10 banknotes were withdrawn from circulation on 30 September 2019. Banks will continue to exchange the old paper based notes. First Trust banknotes will cease to be legal currency from midnight on 30 June 2022.

Are 100 notes still in circulation?

Though strictly not legal tender in Scotland, Scottish banknotes are nevertheless legal currency and are generally accepted throughout the United Kingdom. … The £100 note is currently the largest denomination of banknote issued by The Royal Bank of Scotland. The current Ilay series of banknotes was first issued in 1987.

Why is Medusa on Bank of Ireland notes?

They are actually not Medusa heads—catalogues that state that the are Medusa heads are mistaken—they are Mercury heads. Mercury was the Roman God of financial gain and commerce among other things. The bank also used the head of Mercury on the reverse of its 1922 issue, and on its early Northern Ireland issue.

Banknotes have been issued for use specifically in Northern Ireland since 1929, and are denominated in pounds sterling. They are legal currency, but technically not legal tender anywhere (including Northern Ireland itself).

Are Bank of Ireland 20 pound notes still legal tender?

Bank of Ireland 20 Pounds banknote (Queen’s University) The Bank of Ireland started issuing these 20 Northern Irish Pound banknotes in 2005. They are currently still in circulation.