Banknote warning as millions of £20 and £50 notes will become void | Personal finance | Finance

Sarah John, Chief Cashier at the Bank of England, said: “The switch of our banknotes from paper to polymer over the past few years has been an important development, as it makes them more difficult to counterfeit and means that they are more durable.

“The majority of paper banknotes have now been withdrawn from circulation, but a significant number remain in the economy, so we ask that you check to see if you have any at home.

“For the next 100 days, these can still be used or deposited to your bank in the usual way. »

The new £20 note features painter JMW Turner while the £50 note features mathematician Alan Turing.

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