Are Bank of England 50 pound notes withdrawn?

Are Bank of England 50 pound notes withdrawn?

The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2022, and we are encouraging anyone who has these at home to spend or deposit them at their bank or Post Office. After 30 September 2022, the new polymer notes will be the only ones with legal tender status.

Which Bank of England notes are withdrawn?

After 30 September 2022 Bank of England paper £20 and £50 notes will no longer be legal tender. This means that shops and other businesses should stop accepting paper notes after this date.

Is it illegal to not accept 50 pound notes?

Yes, because in a shop you have not entered into a debt situation. In England and Wales*, £50 notes are legal tender, but legal tender has a narrow and specific definition. Legal tender must be accepted when debt has been incurred and the person who owes the debt offers payment in legal tender.

Will banks Exchange 50 notes?

Exchanging old notes 30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.

How can you tell a counterfeit 50?

Hold the note to light to see an embedded thread running vertically to the right of the portrait. The thread is imprinted with the text USA 50 and a small flag in an alternating pattern and is visible from both sides of the note. The thread glows yellow when illuminated by ultraviolet light.

How can you tell if an old 50 note is real?

When the note is tilted from side to side, the images move up and down. When the banknote is tilted up and down, the images move from side to side and the 50 and £ symbols switch. A portrait of the Queen remains, but the picture of the first governor of the Bank of England, Sir John Houblon, has gone.

How long can I use old 50 pound notes?

30 September 2022
The Bank of England have confirmed that old £50 notes expire on Wednesday 30 September 2022. This will officially be the last day you can use your old £50 notes in shops, pubs and restaurants.

How do you check a 50 euro note?

The Europa series, like the first series of euro banknotes, is easy to check using the “FEEL, LOOK and TILT” method. Feel of the paper – Feel the banknote. It is crisp and firm. Raised print – Feel the short raised lines on the left and right edges of the banknote.