Our paper £20 and £50 notes were withdrawn from circulation after 30 September 2022. We replaced them with our current £20 note in 2020 and current £50 note in 2021.
The Bank of England Counter is currently open from 9.30am to 3pm Monday to Friday and is experiencing extremely high demand. There may be long queues and you may encounter long waiting times. We would ask that you kindly consider this when travelling to the Bank to undertake an in person exchange – if you arrive after midday it is possible we will have reached capacity and you may not get served before we close. Unless you require your banknotes immediately, we would suggest sending your banknotes via the post.
Options to deposit or exchange your withdrawn banknotes
Please click on the options below to find out how you can deposit or exchange your withdrawn banknotes.
30 September 2022 was the last day to use our paper £20 and £50 notes for retail purposes. However, there is no need to worry as withdrawn notes can always be exchanged at the Bank of England for new notes at any time after this date.