change my £50 notes at bank?

May 2021 1 91 Report

change my £50 notes at bank?

hi i have £5000 saving in £50 notes ive just heard they are now changing the £50 note am i allowed to take it to the bank and swap it for new 1s?

thanks

Business & Finance / Personal Finance

Answers & Comments

Verified answer

They're changing the design of the £50 note, but I'm not sure whether the old ones stop being legal tender.

Anyway, you would be able to swap them at the bank if the legal status of the old notes does change.

I wouldn't advocate keeping £5000 in £50 notes at home though. Only takes a fire, a flood or a burglar and you've lost the lot. Put them into a bank account - even if they don't earn you any interest they are safe.

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Gemma May 2021 | 0 Replies

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