This means that the old paper £20 notes … When are the old paper £20 notes being phased out? The UK introduced a brand new plastic £20 note in February which followed in the footsteps of upgrades made to the £5 and £10 notes. 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. They will eventually stop being legal tender, but the Bank of England says it will give six months' notice before this. You can also change your old ten pound notes and old five pound notes with The Bank of England. This means you can take your old £10 notes to a bank, building society or Post Office and exchange them for a new polymer version. The notes will be made out of polymer, the same plastic material that the Winston Churchill £5 … 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. Shops stopped accepting old paper £10 notes a year ago and old paper £5 notes back in May 2017. Both the old £10 note and the old £5 note are no longer in circulation, but if you still have some, there are a number of options. The Bank will exchange all old £10 notes indefinitely. I only want to change the notes into £20 notes not to deposit them into my account. But at the moment, so long as you’ve got two original forms of ID, you shouldn’t have a problem changing your old notes. The new £20 note will enter circulation by 2020 and as with the next £5 and £10 notes will be printed on polymer (Photo: Bank of England/PA Wire) How long is the old £20 note valid for? 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. Hello, Where could I change £50 notes, the post office wont do it, my bank will only do it if they credit it to my account then debit my account!! The new £20 note | Read more E ven if a bank refuses to accept discontinued notes, there is one final option. The Bank of England said the new polymer £20 - featuring artists JMW Turner - is its most secure ever banknote. Some banks may allow you to deposit old notes directly into your account. Released in February 2020, the new note replaces the current £20 paper note… The Post Office will typically accept notes after they have ceased to be legal tender. Your nearest Post Office might also be able to help you. Doesnt anywhere just change money anymore? The new note will come into circulation on February 20, 2020. Banks and Post Offices may stop providing this service eventually. Stopped accepting old paper £10 notes indefinitely old paper £5 notes back in may 2017 final option old notes into. 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