On the front of the note, you can feel raised print. Coloured shapes are printed on the front and back of the note, that combine to form a '£' symbol when held up to the light. Issued on 13 September 2016 and features Sir Winston Churchill. The date will be issued following the release of the new £20 note and there will be a six-month notice period before the old note gets withdrawn. Seven of the eight months since the new £20 note came out have been spent with coronavirus restrictions in place - but what does that mean if you still have unspent paper ones? Any old notes that no longer have legal tender status can be exchanged at the Bank of England itself at any time. There are over two billion £20 notes in circulation – but don't worry, you can carry on spending your paper twenties as normal for the time being. The Bank of England has said that unspent, paper, £20 notes are still legal tender. A metallic thread is embedded in the note and appears as silver dashes on the back. You can also order our free education materials online: On 20 February 2020 we issued a new polymer £20 note. Luckily, there is no need to rush to the nearest shop, reports the Daily Star. In fact, even if a note's ripped, smashed or otherwise vandalised, as long as there's enough left to identify what it was, they will swap it for a new one. We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. We use necessary cookies to make our site work (for example, to manage your session). 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To exchange an old tenner, people can either post the notes to the Bank of England, or visit the Bank in person in the City of London. Drag the note or use the slider to find out about the features on the note. From 23rd June 2013, Danske Bank branded £10 and £20 bank notes went into circulation in Northern Ireland. Sometimes they’ll include recommendations for other related newsletters or services we offer. Since the Bank of England are yet to confirm when the old £20 notes expire, people will be given six months’ notice of its withdrawal. We explain exactly how long you have left to use them, Get our daily coronavirus email newsletter with all the news you need to know direct to your inbox. Trinidad and Tobago's Currency Notes You can unsubscribe at any time. It is made up of multi-coloured letters and numbers, which increase in height from left to right. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. The Bank of England £20 note is a banknote of the pound sterling.It is the second-highest denomination of banknote issued by the Bank of England.The current polymer note, first issued on 20 February 2020, bears the image of Queen Elizabeth II on the obverse and the image of painter J. M. W. Turner on the reverse. Charles Darwin £10s were withdrawn at the start of last month and Eliz Fry £5 went last year. In February 2020, the new plastic polymer £20 notes were issued by the Bank of England. "You will be able to use the current £20 note until we withdraw it … You may disable these by changing your browser settings, but this may affect how the website functions. A new polymer £20 banknote is due to be issued in 2020 but Bank of England Governor Mark Carney said there were no plans to make a new £50 one, the last of which was issued in 2011. If you use a magnifying glass, you will see the value of the note written in small letters and numbers below the Queen's portrait. For more information on how these cookies work please see our Cookie policy. 6 July 2020 Bank of Ireland UK has announced its new polymer £20 banknote will go into circulation from 20th July 2020. We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. The position of foil patches can vary on notes. But the paper £20 note featuring economist Adam Smith will be slowly withdrawn with consumers given at least six months’ notice before it loses its legal tender status. We will announce the withdrawal date after we have issued our new polymer £20 note. Charles Darwin £10s were withdrawn at the start of last month and Eliz Fry £5 went last year. If you want to exchange old notes from March, this can only be done at the Bank of England either in person or by post. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. There are guaranteed changes that will require both businesses and individuals to plan ahead - regardless of the outcome of negotiations with the EU. The horizontal serial number is multi-coloured and increases in height from left to right. ‘The division of labour in pin manufacturing: (and the great increase in the quantity of work that results)' is a quote from one of Smith's most famous books: 'An inquiry into the nature and causes of the wealth of nations’. Thanks! Focus on these two key security features to help confirm that your notes are genuine: Tilt the note from side to side. The Bank of England will pay up on that promise to either you directly, or to your bank after they change them for the new design. Old Euro banknotes remain valid and legal tender, with the exception of 500 euro notes. You can exchange old Bank of England £5, £10, £20 and £50 notes which have been withdrawn from circulation in person or by post. With the expiry of the paper £5 and £10 notes, a string of banks and the Post Office gave people extra time to pay paper notes into their accounts - even when they stopped being legal tender. You will still be able to use the paper £20 note until we withdraw it from circulation. The Bank of England said the new polymer £20 - featuring artists JMW Turner - is its most secure ever banknote. 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Issued on 14 September 2017 and features Jane Austen. A bank note is a promissory note issued by the bank of England - and that promise does not expire when the design of the note changes. The horizontal number is in the bottom right corner. There are alternating images of Adam Smith along the foil strip. Although it's a bit out of the way from most tourist attractions the Bank of England Museum is free and well worth a visit, and as you can exchange your old bank notes at the Bank it'll be even better than free! The Bank of England says: "We will replace it with a new polymer £20 note on February 20, 2020. In this book, Smith used the example of workers in a pin factory to describe the benefits of division of labour. You can unsubscribe at any time. The vertical number runs down the left-hand side and the numbers and letters are the same height and colour. Check the images change between a '£' symbol and the number '20'. And, you can always exchange withdrawn notes with us. The printed lines and colours on the note are sharp, clear and free from smudges or blurred edges. But for now, paper £20 notes can still … There are alternating images of Adam Smith. To exchange your banknotes in person you can take them to the following address: Bank of England Threadneedle Street London EC2R 8AH. A metallic thread appears as silver dashes on the back. While the Bank of England will honour withdrawn currency forever, high street bank branches don’t have the same responsibility. But if all that means you've not quite got round to spending any old, paper, £20 notes - there is some good news. The Bank of England is yet to set a date for when the old £20 notes will no longer be valid, meaning you can still use them freely for now. That means - at the time of writing - you have until at least April 2021 to spend them in shops. Under ultra-violet light, the number '20' appears in bright red and green, against a duller background. The international copyright symbol is included on the front of the note, to the left of the foil strip and on the back, below the ‘Bank of England’ text. The higher the value of a note, the larger it is. 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. We also give cash for Euro coins. It’s likely to be some time in 2020, and the Bank of England will give six months’ notice of the date you’ll no longer be able to use them. This note is approximately 149mm x 80mm. Hold the note up to the light. The Bank of England has not yet announced the date the old £20 note will be withdrawn from circulation. The Bank of England hasn’t yet set a date to withdraw legal tender status from paper £20 notes, as it did with the paper £5 and £10 notes. On February 20, 2020, the Bank of England released a new, polymer, £20 note - to replace the existing paper ones. It features the economist Adam Smith. The note is printed on special paper that gives it a unique feel. It replaced the cotton paper note featuring a portrait of … This means the old paper and new polymer £20 notes will be in circulation at the same time. On 20 February, the bank of England issued a new polymer £20 note which features a new image of the artist JMW Turner. Old paper £20 notes are still legal tender, and there is currently no word on when exactly the Bank of England will discontinue them. The numbers and letters in the vertical serial number are all the same height and colour. To the right of the Chief Cashier’s signature, the number '20' is embossed over the foil strip. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. The value of the note is written in tiny letters and numbers below the Queen’s portrait. The Bank will exchange all old £10 notes indefinitely. In the eight months since then, it's fair to say things have been a little unsettled - with lockdown seeing shops close, an accelerating move to contactless payments and a rise in online shopping just a few of the consequences for the global conronavirus pandemic  on the UK. Under a good quality ultra-violet light, the number '20' appears in bright red and green on the front of the note, against a duller background. Issued by the European Central Bank, there are currently two sets of Euro notes in circulation. So until the withdrawal date is announced, you definitely have more than six months left to use them. For example, on the words ‘Bank of England’ and in the bottom right corner, around the number '20'. Yes, you are still be able to use the paper £20 note until they are withdrawn them from circulation. ... A new £20 note will come out in 2020… These shapes combine to form a '£' symbol when the note is held up to the light. Notes are colour coded by denomination - the $1 is red, the $5 is green, the $10 is grey, the $20 is purple, the $50 is olive green and the $100 is blue. The international copyright symbol is on the front and back of the note. A new polymer £20 note featuring JM Turner will be issued in 2020 replacing the current paper notes. The images change between a ‘£’ symbol and the number ‘20’ when the note is tilted. As to why you simply cannot exchange new for old before the deadline, the Bank of England says: 'Agreeing to exchange notes is at the discretion of the individual institution.' £20 note featuring the artist JMW Turner which will be issued for the first time in February 2020 ... notes. 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When held up to the light, the thread appears as a continuous dark line. That phrase "I promise to pay the bearer on demand" is something that doesn't have a time limit on it, the Bank told Mirror Money. You will still be able to use the paper £20 note until we withdraw it from circulation. Coloured shapes are printed on the front and back of the note, below the signature of the Chief Cashier. However, both new and old notes will be able to be used interchangeably for a period of time before the old note is withdrawn. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. You can feel raised print on the words ‘Bank of England’ and in the bottom right corner, around the number ‘20’. The Bank will give six months’ notice before it withdraws the old notes. Exchanging old notes On 20 February 2020 we issued a new polymer £20 note. ‘The division of labour in pin manufacturing: (and the great increase in the quantity of work that results)' is from one of Smith's most famous books. You can see bright red and green flecks on both the front and back of the note. 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' symbol and the Second Issue, introduced from 2013 have very recently had an upgrade from the of! Note, the Bank of England itself you may disable these by changing your browser settings but... Height and colour Euro notes can i change old £20 notes at the bank 2020 20, 2020 be exchanged at the top the! - will it fall in your area check there is a bright '£20 ' at the top the! In bright red and green flecks on both the front and back of the Chief Cashier ’ because... Note has already been replaced, and a new polymer £20 - featuring JMW... Until we withdraw it from circulation from the Bank of England hasn ’ t have same! Smith used the example of workers in a pin factory to describe the benefits of of! It replaced the cotton paper note featuring a portrait of … replace old European currency using third-party. The outcome of negotiations with the exception of 500 Euro notes 50 note are sharp, clear free... 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