Bank note warning as millions of £20 and £50 notes to become void in less than six months

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The Bank of England will always accept and exchange old bank notes, which Britons can usually send to them through the post.

However, they cautioned that people using this method should “take appropriate measures to insure against loss or theft”. 

Using this method, the money will be deposited into the sender’s bank account or issued by cheque to the sender within 10 working days. 

If the exchange is worth less than £50 and the person lives in the UK, the Bank of England may just issue the same amount they received in new banknotes, but unfortunately cannot do this abroad.



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