Spend those £20 notes ASAP!
Have a look in your wallet: any £20 notes with the image of Edward Elgar on them will not be legal tender after June 30 this year.
This means that shops no longer have to accept the notes, and it is up to banks whether they agree to swap notes after this date.
From July 1 only notes with the image of Adam Smith, the Scottish economist, will be legal tender. These notes first came into circulation in March 2007.
After June 1 if a bank or building society refuses to swap a note, consumers have the right to swap the notes at the Bank of England itself.
This means that shops no longer have to accept the notes, and it is up to banks whether they agree to swap notes after this date.
From July 1 only notes with the image of Adam Smith, the Scottish economist, will be legal tender. These notes first came into circulation in March 2007.
After June 1 if a bank or building society refuses to swap a note, consumers have the right to swap the notes at the Bank of England itself.
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