The new note will come into circulation on February 20, 2020. You can also change your old ten pound notes and old five pound notes with The Bank of England. 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. Shops stopped accepting old paper £10 notes a year ago and old paper £5 notes back in May 2017. Your nearest Post Office might also be able to help you. 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. This means that the old paper £20 notes … They will eventually stop being legal tender, but the Bank of England says it will give six months' notice before this. 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. The Post Office will typically accept notes after they have ceased to be legal tender. 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. 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!! Some banks may allow you to deposit old notes directly into your account. When are the old paper £20 notes being phased out? I only want to change the notes into £20 notes not to deposit them into my account. Banks and Post Offices may stop providing this service eventually. 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 notes will be made out of polymer, the same plastic material that the Winston Churchill £5 … The new £20 note | Read more E ven if a bank refuses to accept discontinued notes, there is one final option. 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 will exchange all old £10 notes indefinitely. Released in February 2020, the new note replaces the current £20 paper note… 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? The Bank of England said the new polymer £20 - featuring artists JMW Turner - is its most secure ever banknote. Doesnt anywhere just change money anymore? 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. Current £20 paper my account England said the new note will come into circulation on February,... £20 note | Read more E ven if a Bank refuses to accept discontinued notes there. Be legal tender, but the Bank of England is its most secure ever.! 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