How long can I use old 50 pound notes?
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How long can I use old 50 pound notes?
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 Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.
Are old 50 notes still legal tender?
Turner, and polymer £50 notes featuring Alan Turing. After 30 September 2022, the new polymer notes will be the only ones with legal tender status. Once this deadline has passed, people will no longer be able to spend Bank of England paper notes in shops, or use them to pay businesses.
Are 50 pound notes still legal in the UK?
The Bank of England will be withdrawing legal tender status of paper £20 and £50 banknotes after 30 September 2022. After this date, paper £20 and £50 banknotes will no longer be legal tender.
Do shops accept 50 pound notes?
In addition, smaller shops keepers and their employees are not trained to spot counterfeit notes, especially £50 notes or those from Scotland. So they are within their right to refuse to accept the notes.
Can pubs refuse 50 pound notes?
It’s perfectly legal for a shop to refuse them – they have the choice of serving you or not. Legal tender doesn’t come into it – it’s not relevant to shopping transactions, only to payment of debts. And if a shop does take one, they are actually under no legal obligation to give you any change.
Are 50 pound notes plastic?
The note is printed on polymer, which is a thin and flexible plastic material. On the front of the note, you can feel raised print. For example, on the words ‘Bank of England’ and in the bottom right corner, over the smaller window.
Why are 50 pound 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.
Do places accept 50 pound notes?
In addition, shops are not obliged to accept legal tender. If you hand over a £50 note to pay for a banana in your local grocery store, the staff are within their rights to choose not to accept it. ‘Likewise for all other banknotes – it’s a matter of discretion. ‘
Does Tesco accept 50lb notes?
The Bank of England has given a September 30 deadline whereby paper £20 and £50 notes will no longer be accepted. It means shoppers using paper notes to pay for items in stores such as Tesco, Asda, Aldi, Lidl and M&S will have their payment rejected. The paper notes in current circulation were first issued in 2007.
Can I spend 50 notes?
The Bank of England has urged people to spend or deposit their paper £20 and £50 notes before the notes stop being legal tender in six months. The Bank is replacing the paper notes with more durable plastic ones featuring artist JMW Turner and mathematician Alan Turing.
Can you request 50 pound notes at the bank?
A new £50 note featuring WW2 codebreaker Alan Turing has launched today – but you can only get your hands on the note in two locations. Cash fans can find the notes in the City of London, near the Bank of England – or at Bletchley Post Office.
Can restaurants refuse 50 notes?
Can I use a 50 note in a supermarket?
The Bank of England has issued a warning to shoppers ahead of the September 30 deadline whereby paper £20 and £50 notes will no longer be able to accepted. Anyone using paper notes to pay for items in all retailers including Tesco, Asda, Aldi, Lidl, M&S and Morrisons will have their transaction rejected.
Do Wetherspoons take 50 notes?
Wetherspoons do not accept £50 notes anymore.
Does Tesco accept 50 note?
The Bank of England has given a September 30 deadline whereby paper £20 and £50 notes will no longer be accepted. It means shoppers using paper notes to pay for items in stores such as Tesco, Asda, Aldi, Lidl and M&S will have their payment rejected.
Do Asda accept 50?
Can a shop refuse a fifty pound note?
A shop owner can choose what payment they accept. If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. Likewise for all other banknotes, it’s a matter of discretion. If your local corner shop decided to only accept payments in Pokémon cards that would be within their right too.
Can a retailer refuse a 50 note?
The quick answer is yes, they can refuse to accept the notes. And not that are not legal tender, but the definition of the term can be interpreted differently. On the Bank of England’s web site they state, “What is classed as legal tender varies throughout the UK.”
