Published on Thursday 04 May 2017 in Van News
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.