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The Bank of England withdraws Elgar £20 note
From 30th June the Elgar £20 note will no longer be legal tender. The £20 note featuring Adam Smith will remain in circulation.
Retailers and businesses can assist with the withdrawal process by banking Elgar £20s with takings and using Smith £20s or other notes when giving change or making supplier payments in cash.
For several months after the end of June most banks, building societies and post offices will accept the Elgar £20 notes for deposit to customer accounts.
However, agreeing to exchange notes is at the discretion of the individual institution and retailers and businesses are advised to check with their own banking provider for further clarification as to whether they will accept these notes after 30 June.
The Bank of England in London will always exchange its old notes.
31 August 2010
16 August 2010