People have only 100 days left to use the paper Bank of England £20 and £50 banknotes before they will no longer be in circulation.
The last day they will have legal tender status is 30 September.

People who still have them are therefore asked to use them or deposit them at their bank or a Post Office before the end of that month.

The majority of paper £20 and £50 banknotes in circulation have been replaced with new polymer versions.


However, there are still more than £6bn-worth of paper £20 banknotes featuring economist Adam Smith and in excess of £8bn-worth of paper £50 banknotes featuring entrepreneur Matthew Boulton and engineer James Watt in circulation.


That is more than 300 million individual £20 banknotes, and 160 million paper £50 banknotes.


It is a year since the Bank first issued the polymer £50 banknote featuring Bletchley Park codebreaker and scientist Alan Turing.

Only 100 days left to use paper PS20 and PS50 bank notes - with PS14bn-worth still unaccounted for | UK News | Sky News