Exchanging old banknotes

HomeBanknotesExchanging old banknotes There is no deadline to exchange old banknotes with the Bank of England. But it is usually easier and quicker to exchange notes at your own bank or at the Post Office. Related linksWithdrawn banknotesDamaged and contaminated banknotesScottish and Northern Ireland banknotes The Bank of England counter is open Monday to Friday, 9.30am to 3pm (excluding Bank Holidays). Last entry at 2.45pm. King Charles III banknotesThere is no need to exchange current banknotes for the new King Charles III notes. Banknotes featuring the portrait of Her late Majesty, Queen Elizabeth II, will remain legal tender, and can continue to be used.We recognise, however, that people may be interested in seeing the new notes, and have therefore put in place temporary facilities to allow people to obtain a limited value of the King Charles IIIbanknotes.You can obtain the new King Charles III banknotes using our postal exchange service. If you send us current or old series bankno...