Made from the flexible plastic material polymer, at 139mm x 73mm the note is smaller than the old … There’s a new note in town (Picture: Getty)The new polymer £20 notes, which went into circulation in February, have replaced When do the old £20 notes expire and what to do … How can I exchange my £20 notes? We will announce the withdrawal date after we have issued our new polymer £20 note. To inquire about a licence to reproduce material, visit our Syndication site. The Post Office may also accept withdrawn notes as a deposit into any bank account. 0 shares: Share Tweet Save Post Send : You Might Like. James Andrews. This means you will always be able to exchange withdrawn banknotes for their equivalent value in pounds. 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. save hide report. Polymer £20 notes entered circulation in February, replacing the old paper ones. The polymer notes last two-and-a-half times longer than traditional notes, … The polymer £20 notes, which went into circulation in February, replaced the old paper notes, leading many to question when the old currency will expire. In 2009, that number was even larger at 6.05 billion notes. Adrian Troughton. There are four denominations of banknotes in circulation: £5, £10, £20 and £50. To see all content on The Sun, please use the Site Map. The Bank of England recently issued the new £20 note. The Bank of England will honour every banknote it has ever issued, no matter how long ago it stopped being legal tender. A new polymer £50 featuring Alan Turing will be issued next year. New Scottish £20 notes: when Bank of Scotland and Clydesdale £20 polymer notes were launched - and when old notes expire February 2020 saw the launch of … The Bank of Scotland’s new polymer £20 notes don’t feature any new people or landmarks, but they do give the images of the old note’s fixtures an update. According to the Bank of England, it plans to give six months' notice before the paper £20 is taken out of use. According to the bank’s website, the material allows for ‘enhanced security features, such as the see-through windows and holograms.’. When the old £20 note expires and how long you have left to use it . latest news, feel-good stories, analysis and more, Woman calls police after arriving too late for McDonald’s drive-thru breakfast, More countries consider UK travel restrictions to keep out ‘deadlier’ strain, UK braced for snow, ice and floods in wake of Storm Christoph, Police injured breaking up 200-strong party in Knightsbridge as revellers fled, UK to receive 500,000 fewer Covid vaccines than expected next week. ‘You will still be able to use the paper £20 note until we withdraw it from circulation. The public nominated the artist after Bank of England governor Mark Carney asked for a deceased cultural figure to be selected. Even after the notes stop being legal tender, banknotes officially hold their face value "for all time". Share ; Comments; By. When does the old £20 note expire and can I still use it? When do the old £20 notes expire and what should you do with old notes? The polymer will replace the paper £20 note which features economist Adam Smith. Laid end to end, that would stretch around the world almost seven times and weigh a total of 1,780 tonnes – that’s over 141 double-decker buses. Here we look at what you can do if you find an old paper note in your home, and the rare notes that could be worth hanging onto. When do the old £20 notes expire and what should you do with old notes? Artist JMW Turner features on the new £20 notes, which are slightly smaller than the existing notes. Thursday, 20 February 2020 THE NEW Bank of England £20 note featuring artist JMW Turner is entering circulation today. You won't need to exchange them until the Bank gives six months' notice. 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