Can Shops Refuse Old £20 Notes?

Can Shops Refuse Old £20 Notes?

After September 2022, cafes, bars, shops and restaurants will no longer accept the paper £20 note. This is 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.

Can shops legally refuse old 20 notes?

"After 30 September 2022, these paper notes will no longer be legal tender, so we encourage people to spend them or deposit them at their bank ahead of this date."

How long can I use old 20 pound notes?

Exchanging old notes

30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.

Robert Thorne
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Robert Thorne

Robert Thorne covers electric vehicle innovations, autonomous driving systems, global mobility trends, and automotive engineering developments.