When are the old paper £20 notes being phased out? Your nearest Post Office might also be able to help you. Some banks may allow you to deposit old notes directly into your account. Shops stopped accepting old paper £10 notes a year ago and old paper £5 notes back in May 2017. They will eventually stop being legal tender, but the Bank of England says it will give six months' notice before this. I only want to change the notes into £20 notes not to deposit them into my account. To exchange an old tenner, people can either post the notes to the Bank of England, or visit the Bank in person in the City of London. This means you can take your old £10 notes to a bank, building society or Post Office and exchange them for a new polymer version. 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. Banks and Post Offices may stop providing this service eventually. Released in February 2020, the new note replaces the current £20 paper note… Hello, Where could I change £50 notes, the post office wont do it, my bank will only do it if they credit it to my account then debit my account!! The Bank of England said the new polymer £20 - featuring artists JMW Turner - is its most secure ever banknote. You can also change your old ten pound notes and old five pound notes with The Bank of England. This means that the old paper £20 notes … But at the moment, so long as you’ve got two original forms of ID, you shouldn’t have a problem changing your old notes. The notes will be made out of polymer, the same plastic material that the Winston Churchill £5 … The new note will come into circulation on February 20, 2020. Doesnt anywhere just change money anymore? The Post Office will typically accept notes after they have ceased to be legal tender. 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