Withdrawal of £20 note As most of you know a new £20 note was released in March 2007. This note featured Adam Smith, the Scottish Economist, on the reverse. It has recently been announced that the Bank of England is withdrawing the older style £20 notes that show a portrait of Sir Edward Elgar on 30 June 2010. If you are not planning a trip back to England before this date it may be worth changing the notes in a local bank or Bureau de Change.

For several months after the end of June most banks, building societies and Post Offices will accept the Elgar £20 notes for deposit to customer accounts and for other customer transactions. However, agreeing to exchange these notes is at the discretion of the individual institution.

All Bank of England notes from which legal tender status has been withdrawn remain payable at face value forever at the Bank of England in London. Any such notes may be presented for payment either in person during business hours, or sent by post (at the sender's risk) to: Dept NEX, Bank of England, Threadneedle Street, London EC2R 8AH.

For further information
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