Matching numbers, such as 123456 or 222222, might catch a collector’s eye and earn you a pretty penny. That’s because the Bank of England has said that old £20 are still being considered legal tender. Legal Tender Deadlines. Britain's old-style 20 pound bank notes featuring composer Edward Elgar will cease to be legal tender on June 30, the Bank of England said Monday. We will give six months’ notice of this withdrawal date. The Bank said it will give six-months notice before the notes are no longer accepted as cash. Released in February 2020, the new note replaces the current £20 paper note… explains more about how we use your data, and your rights. And there's one way to guarantee to get your old £20 note swapped – head to the Bank of England itself. All previous issues of Australian banknotes retain their legal tender status. The Bank will give six months’ notice before it withdraws the old notes. Bank of Ireland (UK) plc issues banknotes in denominations of £5, £10, £20, £50 and £100. There are over two billion £20 notes in circulation. The new note, followed the polymer £5 and £10 notes which came out a few years ago. Polymer £20 notes entered circulation in February, replacing the old paper ones. Iceland is offering shoppers a delicious and easy Christmas dinner option this year for a bargain price - but is it as tasty as cooking it from fresh? What’s classed as legal tender varies throughout the UK. In fact, even if a note's ripped, smashed or otherwise vandalised, as long as there's enough left to identify what it was, they will swap it for a new one, Mirror Online reports. The date that paper £20 notes cease to be legal tender has not been decided. 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