If you’re lucky enough to have a stash of banknotes somewhere, better take notice of this! A reminder, Scottish paper banknotes will be removed from circulation across the country in just 28 days time, as Polymer notes become more widely used.
The latest notes to be withdrawn from use are paper £20 and £50 notes, meaning people could be refused from using them from 1 October. Businesses and shops will no longer be obliged to accept the paper notes from that date and so you MAY run into problems trying to pay for anything in paper cash.
However, people will still be able to exchange them at their bank branch.
The Post Office will also continue to accept paper notes following the deadline, as will some building societies. £5 and £10 paper notes were removed already from use on 2 March 2018.
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