What is the biggest note in UK?
What is the biggest note in UK?
The Bank of England banknotes. There are four denominations of banknotes in circulation: £5, £10, £20 and £50. All four denominations of notes are printed on polymer. There are also £20 and £50 notes printed on paper.
What Sterling notes are out of circulation?
Paper £10 and £5 banknotes have already been withdrawn, while paper £20 and £50 notes cannot be used after 30 September 2022. They have been replaced with new plastic notes with a series of security features. However, the Bank of England said it will continue to swap old notes for their face value.
Where can I exchange old Sterling notes in Ireland?
Old sterling Provincial Bank of Ireland Limited, Allied Irish Banks Limited and Allied Irish Banks p.l.c. banknotes can be exchanged for the equivalent face value in Bank of England banknotes, or other sterling banknotes of equivalent face value, in person at AIB branches in Northern Ireland, at no cost.
Do 1 million pound notes exist?
The Bank of England £100,000,000 note, also referred to as Titan, is a non-circulating Bank of England sterling banknote used to back the value of Scottish and Northern Irish banknotes. It is the highest denomination of banknote printed by the Bank of England.
Can I use old pound notes?
The old-style of physical bank notes, made from paper and not plastic, will no longer be usable from 30 September 2022, according to the Bank of England. Once this deadline has passed, people will no longer be able to spend Bank of England paper notes in shops, or use them to pay businesses.
Are old UK notes still legal tender?
Exchanging old notes 30 September 2022 is the last day you can use our paper £20 and £50 notes. Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.
Are old Sterling notes legal tender?
What happens to my old notes now then? While the paper £5 and £10 notes are no longer legal tender, they will always be accepted by the Bank of England. A spokeswoman explained “all genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time”.
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