Cancellation of Sterling Bank Notes
Reminder and Heads Up for anybody that has Sterling Notes at home.
Paper £10 and £5 banknotes have already been withdrawn and, old paper £20 and £50 notes will become invalid for use from September 30, 2022.
The change is a bid to eliminate counterfeit money that is in circulation in the form of paper banknotes.
According to the Bank of England, the new polymer £50 note contains advanced security features, “completing the most secure set of Bank of England polymer banknotes in history.”
Irish Banks will continue to swap old notes for their exchange value , but households are being warned once we reach the autumn deadline they will be worth nothing.