Five Pound Notes Reminder

[ivor4781]

The notes will no longer be legal tender from Friday, May 5, meaning they cannot be used to buy products or pay for services.

Although the old notes can no longer be spent from Friday, they will retain their face value forever. If your bank, building society or Post Office will not accept them they can be exchanged with the Bank of England in London by post or in person.
(from local press)

[hereIam]

Thanks for that, I didn't know.

[weecalf]

Is that just English fivers or al Scottish and Ulster fivers .By the way do the banks of Wales have their own fivers ?

[Mamyalynne]

Wales does not have its own banknotes, there have been calls for them.

[Islay]

Weecalf I am assuming that is just English notes!

[DTCwordfan]

And I am only just assembling my new printer, the inconsiderate so-and-sos.

[Buenchico]

If you're hoping to change old banknotes (and/or old coins) into their newer equivalents in a bank, don't expect to just walk in with the old money and get the new stuff in your hand straight away.

I went into Barclays today with £90 on old fivers and £247 in old pound coins. (I'd emptied my piggy bank!). I had to queue for ages before being told that
(a) I'd have to pay the money into my account and take it out again. (I couldn't do a straight swap) ; and
(b) they couldn't accept the pound coins until I'd bagged them all in up into multiples of £20.

So I had to sit in the bank and count all of the pound coins into plastic bags, then queue all over again, wait for ages while the cashier weighed and re-weighed the bags, pay the money into my account and then withdraw it again.

In total it took just under half an hour to get new for old!

[Cloverjo]

I work in an amusement arcade, and we will accept the old notes for as long as people have them. You won't get new fivers for old, but you can have £1 coins, 10ps, 2ps, whatever.

[Mamyalynne]

You've always had to bag up coins for the bank in my memory.

[emmie]

just as well you posted this, i didn't know as well, so anyone passing off old fivers can have them back, so only the horrible, greasy new ones can be used.

[Buenchico]

>>> meaning they cannot be used to buy products or pay for services

That's not strictly true. Although shops (& other businesses) won't be obliged to accept the old fivers, they're still fee to do so if they so choose and they'll be able to pay them into their bank accounts.

I know several independent traders (such as the lady who runs the burger van up the road) who've said that they'll happily take old fivers for as long as people keep offering them.