Are 50 pound notes still valid?
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. This expiry date also applies to old £20 notes which were replaced with the new polymer note in 2020.
Do UK shops accept 50 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.
Why are 50 notes not accepted?
Financial crime investigators concluded that there was no credible or legitimate use for the note in Britain, so the UK asked banks to stop handling these notes in 2010. Regarding its own currency, in recent years there have been doubts that the £50 note would continue to exist in the UK too.
Do Sainsbury’s accept 50 pound notes?
Both the old paper £20 and £50 banknotes will expire on Wednesday, September 30, 2022. “After 30 September 2022, these paper notes will no longer be legal tender, so we encourage people to spend them or deposit them at their bank ahead of this date.”
Can you get 50 notes from the bank?
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.
What is different about the new 50 banknote?
Key security features include a hologram that changes between the words ‘Fifty’ and ‘Pounds’ when the note is tilted, and a number ’50’ that only appears under ultraviolet light.
Can you use 50 pound notes in self checkouts?
A note from the Bank of England reads: “30 September 2022 will be the last day you can use Bank of England paper £20 and £50 notes. “After 30 September 2022, these paper notes will no longer be legal tender, so we encourage people to spend them or deposit them at their bank ahead of this date.”
Can I use a 50 note in Tesco?
Both the old paper £20 and £50 banknotes will expire on Wednesday, September 30, 2022. This means this is the absolute last day you can spend them in stores – so you have just over one year to use them.