Money Watch – Personal Finance Blog

Bye Bye Elgar £20 Bank Notes

Just a quick reminder that after today (30th June 2010), the £20 bank notes featuring the picture of composer Sir Edward Elgar cease to be legal tender.

It was announced that the notes would be withdrawn back in March, replacing them with notes featuring economist Adam Smith.

In actual fact, they won’t become immediately worthless – you can get them changed at banks and Post Offices, and the Bank of England has said they’ll exchange them for a new note if your bank won’t.

I suspect that most shops will also still accept them too. Indeed, many probably won’t even realise that they’re being wihdrawn, they’ll be far too eager to get hold of your money.

That said, if you have any problems offloading an Elgar £20, let us know in the comments below, or feel free to send them to us ;>)

photo credit: HowardLake

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