Bank Of England’s message to everyone with £20 and £50 paper notes
The Bank of England (BoE) has issued a message to everyone in the UK who still has paper £20 and £50 notes.
From September 30, the paper £20 and £50 banknotes will be made redundant in a move to stop fake notes circulating.
With the ‘major change’ imminent, many Brits are desperate to swap out their old notes for new polymer.
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But the BoE has warned that this means banks and post offices are seeing hefty queues, with people waiting for hours on end.
They have now issued a message asking the public to remain patient while the ‘shake up’ is introduced.
They also reminded the public that there is no deadline to swap your notes, despite the number of consumers rushing to make the switch.
According to the MEN, a statement said: "The Bank of England Counter is currently open from 9.30am to 3pm Monday to Friday and is experiencing very high demand.
“There will be long queues and you may encounter waiting times in excess of an hour.
"We would ask that you kindly consider the long wait times when travelling to the Bank to undertake an in person exchange – if you arrive after 2pm it is possible you may not get served before we close.
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"Unless you require your banknotes immediately, we would suggest sending your banknotes via the post."
If you go to a Post Office from September 15, you can swap banknotes – but only at certain branches.
You can also only swap up to £300 in old banknotes.
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