Can you still use old Scottish 5 notes?

Notes issued by the Scottish banks are not withdrawn from circulation like BoE notes – new ones just replace them. So old notes can still be spent.

Do banks still take old 5 Notes Scotland?

Issuing banks will continue to accept all Scottish notes from their own customers. … Royal Bank of Scotland, Clydesdale and Bank of Scotland have also agreed that they will exchange their own paper £5 and £10 notes from non- customers up to the value of £250.

Do banks still take old 5 Notes 2021?

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Although the older notes cannot be used as legal tender, the Bank of England will accept them. A spokesperson told the BBC : “All genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time.”

How long can I use old 5 pound notes?

Legal Tender Deadlines

On 15 October 2017 a new 12-sided coin replaced the old pound coin. The old five pound note ceased to be legal tender on 5 May 2017. The old ten pound notes ceased to be legal tender on 1 March 2018.

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Do banks still accept old Scottish notes?

Instead the Scottish banks withdraw old notes from circulation as they are banked. Any notes still in circulation continue to be honoured by banks, but retailers may refuse to accept older notes.

Are old paper 5 pounds still legal?

This note replaces our paper £5 note which was withdrawn from circulation on 5 May 2017. Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.

Can you still change old 5 notes?

If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Are old 5 notes worth anything?

People across the UK are being encouraged to check if they have any old banknotes lying around that could in fact be worth a fortune. Old fivers are especially said to be of value, with some being sold for up to £300 on auction platforms, such as Ebay.

Are old 5rs legal tender?

Bank of England paper £5 and £10 notes, which were issued in England and Wales (although they could still be spent elsewhere in the UK), are no longer legal tender having been replaced by polymer plastic versions in 2017 and 2018 respectively.

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Can I change Scottish notes at the post office?

Our notes always keep their face value. If your local bank, building society or post office won’t accept them, then you can exchange them with us.

When did the old 5 go out of circulation?

The note was introduced on 13 September 2016, with an initial print run of 440 million notes (worth £2.2 billion), over the period of co-circulation. It was announced that there would be a co-circulatory period with the old series E notes, and then on 5 May 2017, the series E would cease to be legal tender.

Why are 50 notes not accepted?

Financial crime investigators concluded that there was no credible or legitimate use for the note in Britain, so the UK asked banks to stop handling these notes in 2010. Regarding its own currency, in recent years there have been doubts that the £50 note would continue to exist in the UK too.

Can I use Scottish notes in Tesco?

Do you accept Scottish and Irish banknotes in all your UK stores? Yes. We’re happy to accept all Sterling banknotes in our stores.

Do Morrisons accept Scottish notes?

Morrisons insisted that “unfortunately, it is no longer a requirement to accept Scottish or Northern Irish notes” but that “some of our stores still take them”.

Which Scottish notes are out of circulation?

Bank of Scotland and Royal Bank of Scotland have also issued new polymer £50 notes. Both of these issuers, as well as Clydesdale Bank, will withdraw their paper £20 and £50 banknotes on the same date as the Bank of England, i.e September 30, 2022.

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