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Dig out your old paper £5 notes now! Before it's too late...

Published on Thursday 04 May 2017 in Van News

Dig out your old paper £5 notes now! Before it's too late...

The deadline for the old paper fivers stopping being legal tender is this Saturday – millions are reported to still be in circulation, most likely in pockets and piggy banks across the UK.

The Bank of England has issued a warning saying that around 150 million of the old paper fivers – that's THREE for EVERY ADULT in the UK – remain in public hands. Here's what you need to know:

  • Shops will stop accepting the old fivers on SATURDAY 6th MAY 2017.
  • Only the new polymer fivers will be accepted from the weekend.
  • Banks will continue to accept old notes for replacement for the next few months – but it's best to go to your own bank and ask for new ones direct.

 

What happens to the old £5 notes when I hand them in?

They will be shredded and turned into compost – seriously.

 

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