Quick Answer: Are Northern Bank Notes Still In Circulation?

Are Northern Bank notes valid in 2020?

The Northern Ireland note issuing banks will continue to accept old paper based notes and there are currently no plans to change this.” Meanwhile First Trust Bank confirmed in February that they will cease their own note issuance by June 30 2020 and will instead dispense Bank of England banknotes..

Banknotes have been issued for use specifically in Northern Ireland since 1929, and are denominated in pounds sterling. They are legal currency, but technically not legal tender anywhere (including Northern Ireland itself).

Can you still take paper 10 notes to the bank?

The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. However, old notes can still be exchanged at the Bank now that this point has passed. Although the new tenners came in last year until the deadline the paper money continued to be legal tender so could be spent freely.

Which 20 pound notes are out of circulation?

On 20 February 2020 we issued a new polymer £20 note. You will still be able to use the paper £20 note until we withdraw it from circulation. We will announce the withdrawal date after we have issued our new polymer £20 note.

Who owns Northern Bank?

Danske BankMidland BankDanske Bank/Parent organizations

Can you still use Northern Bank notes?

“Although the existing Northern Bank notes will gradually be withdrawn from circulation, they can of course continue to be used in the usual way and will be accepted in retail outlets.”

What bank notes are out of circulation in Northern Ireland?

Ulster Bank, Danske Bank and Bank of Ireland paper £5 and £10 banknotes were withdrawn from circulation on 30 September 2019. Banks will continue to exchange the old paper based notes. First Trust banknotes will cease to be legal currency from midnight on 30 June 2022.

Are the banks still taking old 20 notes?

Paper £20 notes can continue to be used as normal for now, as an end date for their use is yet to be announced. … The Post Office may also accept withdrawn notes as a deposit into any bank account. And you can always exchange withdrawn notes directly with the Bank of England.

Do banks take old 5 notes?

While the paper £5 and £10 notes are no longer legal tender, they will always be accepted by the Bank of England. People can take or post any old notes to the bank in Threadneedle Street, in the City of London, to be exchanged for a new-style polymer one. … Banknotes can also be exchanged by post.”

Where can I change old bank notes?

But old bank notes retain their value for all time, so while you can no longer spend them on the high street, you can return them to the Bank of England, or most major banks if you’re a customer, and get a new polymer banknote in exchange.

Can you still use paper 5?

This note replaces our paper £5 note which was withdrawn from circulation on 5 May 2017. Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.

Are Bank of Ireland 20 pound notes still legal tender?

Bank of Ireland 20 Pounds banknote (Queen’s University) The Bank of Ireland started issuing these 20 Northern Irish Pound banknotes in 2005. They are currently still in circulation.

Where can I change old 5 notes?

Old banknotes retain their value for all time, so while you can’t use them in shops, you can return them to the Bank of England or to most major banks and get a new polymer banknote in exchange. If you’ve got a new polymer £5, check if it’s worth a fortune.

Are Northern Bank notes still valid in 2019?

Older banknotes bearing the Northern Bank name are still in circulation and continue to be acceptable for payments as they are gradually withdrawn. … Danske Bank does not issue £5 notes, but a special commemorative £5 note was issued by the Northern Bank to mark the Year 2000.

First Trust Bank banknotes remain legal currency until midnight on the 30th June 2022. This means you will experience no change to how you can use First Trust Bank banknotes until after this date.

Bank of Ireland, Danske Bank and Ulster Bank have agreed they will exchange their own paper £5 and £10 notes from non-customers up to the value of £250. … “The Northern Ireland note issuing banks will continue to accept old paper-based notes and there are currently no plans to change this.”

Will English banks accept Northern Irish notes?

There are two banks in Northern Ireland which issue bank notes and, although this cash is in sterling, it is not actually legal tender in England. Many retailers will still accept them but they are under no obligation to do so, according to the Bank of England.

What 10 notes are out of circulation?

Exchanging old notes The current £10 note replaces our paper £10 note which was withdrawn from circulation on 1 March 2018. Many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.