Check down the back of your sofas! Britons are warned they have just 100 days left to spend £14.5bn worth of £20 and £50 paper notes still in circulation before shops start rejecting them
- People holding £14.5bn in banknotes have 100 days to spend or deposit cash
- September 30 is last day Bank’s paper £20 and £50 banknotes can be used
- Paper bills have been swapped for polymer versions over the past two years
Britons are in a race against time to spend £14.5bn of paper £20 and £50 notes – because shops will stop accepting them in 100 days and they will become worthless.
The paper bills have been swapped for plastic-like polymer versions over the past two years to improve security.
The Bank of England will be withdrawing legal tender status of paper £20 and…