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Shops stopped accepting old paper £10 notes a year ago and old paper £5 notes back in May 2017. But at the moment, so long as you’ve got two original forms of ID, you shouldn’t have a problem changing your old notes. The notes will be made out of polymer, the same plastic material that the Winston Churchill £5 … I only want to change the notes into £20 notes not to deposit them into my account. Released in February 2020, the new note replaces the current £20 paper note… The UK introduced a brand new plastic £20 note in February which followed in the footsteps of upgrades made to the £5 and £10 notes. You can also change your old ten pound notes and old five pound notes with The Bank of England. The Bank of England said the new polymer £20 - featuring artists JMW Turner - is its most secure ever banknote. This means that the old paper £20 notes … Both the old £10 note and the old £5 note are no longer in circulation, but if you still have some, there are a number of options. This means you can take your old £10 notes to a bank, building society or Post Office and exchange them for a new polymer version. The Bank will exchange all old £10 notes indefinitely. The new £20 note will enter circulation by 2020 and as with the next £5 and £10 notes will be printed on polymer (Photo: Bank of England/PA Wire) How long is the old £20 note valid for? When are the old paper £20 notes being phased out? Some banks may allow you to deposit old notes directly into your account. Doesnt anywhere just change money anymore? They will eventually stop being legal tender, but the Bank of England says it will give six months' notice before this. There are over two billion £20 notes in circulation – but don't worry, you can carry on spending your paper twenties as normal for the time being. The new note will come into circulation on February 20, 2020. The new £20 note | Read more E ven if a bank refuses to accept discontinued notes, there is one final option. 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