Britons are warned to use £14.5bn worth of paper banknotes before shops start rejecting them 

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…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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