Old paper five pound notes will no longer be legal tender after Friday and people will have until the end of the day to spend them.
Around 150 million of the Bank of England (BoE) notes are still in circulation but 5 May will be the last day they can be spent.
The BoE said some banks and building societies may continue to accept the old fiver, which features prison reformer Elizabeth Fry, but this is at their discretion and people should check what their bank's policy is.
Some of the big banks and building societies have said that customers can continue to deposit old fivers after 5 May but others advised that it was a good idea to hand the notes in by the deadline rather than leaving it until they are no longer legal tender.
No comments:
Post a Comment