How to exchange old paper banknotes
The Bank of England has warned that old paper £20 and £50 paper notes will expire after September 30 this year.
There are a few ways you can do this, however, the Bank of England strongly recommends that you do it by post unless you absolutely need the new notes immediately.How to exchange a note with the Bank of England via post You can exchange banknotes with the Bank of England via post. To do so you must first complete a postal exchange form for either an individual or business.
The money may also be paid to you via cheque or via new banknotes worth up to £300. It's important to note that the Bank of England will not send banknotes overseas and will only do so within the UK. Before the exchange is complete, you may also have to provide additional information or evidence relating to the origin of the banknotes. For example, if the money forms part of an estate, you will need to provide copies of a death certificate, wills or grant of probate.
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