The financial institution encourages people to spend them or deposit them at their bank ahead of this date
Bank of England has revealed that 30 September 2022 will be the last day Brits can use Bank of England paper £20 and £50 notes.
After 30 September 2022, these paper notes will no longer be legal tender.
Instead, the new polymer £50 note will start to become available in bank branches and at ATM’s in the coming days and weeks.
The polymer £50 note contains advanced security features, completing our most secure set of Bank of England polymer banknotes yet. The note will join the Churchill £5, the Austen £10 and the Turner £20, meaning all Bank of England banknotes are now available on polymer.
We’ve reported that Bank of Scotland presented new polymer £50 note design.