Customers can exchange their paper notes free of charge, while non-customers can exchange notes from the issuing bank up to the amount of £250, provided they present valid photographic ID.

The Bank of England has issued an update on the potential designs on the next series of banknotes. It will be the first major ...

The Bank of England has warned that the deadline to use 'old style' paper £20 and £50 notes is just four weeks away. Britons have until Friday, 30 September 2022, to spend the paper versions of the ...

Non-Bank of Scotland customers will be able to exchange the paper notes to polymer version up to a value of £250. The design of polymer notes is said to enhance protection against counterfeits.

More than £17bn worth of paper notes remain in circulation, the Bank said. But after 30 September, people will not be able to use the paper notes for payments in shops and other businesses.

Scottish paper banknotes are actively being removed from circulation across the country, as Polymer notes become more widely used. The latest notes to be withdrawn from use are paper £20 and £50 ...