Paper notes
Old Paper Notes Inquiry
Hi there! I have around £850 in old £50 paper notes that I brought with me 7-8 years ago. I know these notes are no longer in circulation and are no longer considered legal tender.
I’ve learned that I need to exchange them at the Bank of England since I don’t have an account with any UK banks. As a tourist, is there a limit on how much I can exchange at once for cash?
Summary: I have £850 in old paper notes—can I exchange all of them for cash at the Bank of England as a tourist?
Thanks in advance!
Hello! Yes, you can exchange your old £50 notes at the Bank of England, even as a tourist, since they are no longer in circulation. There is no specific limit on the amount you can exchange, but it’s a good idea to check in advance as there may be some requirements or processes to follow.
To ensure a smooth exchange, make sure to bring valid identification, as the Bank may need to verify your identity. It’s also worth considering that large cash exchanges can sometimes take longer, so plan accordingly if you’re looking to access that money quickly.
If you have any more questions or need further assistance, feel free to ask!