Banknote FAQs

HomeFrequently asked questionsBanknote FAQs Frequently questions about our banknotes King Charles III banknotes We began issuing banknotes featuring the King's portrait on 5 June 2024. Although the King’s portrait appears on all four denominations of our polymer banknotes (£5, £10, £20 and £50) the rest of the banknote design remains the same. Yes, you can still use polymer banknotes that feature the portrait of Queen Elizabeth II.Banknotes that feature the portrait of Her late Majesty, Queen Elizabeth II remain legal tender and are co-circulating alongside King Charles III notes. There is no need to exchange Queen Elizabeth II banknotes for King Charles III notes. Banknotes featuring the portrait of Her late Majesty, Queen Elizabeth II, remain legal tender, and can continue to be used.We recognise that people may be interested in seeing the new notes, and have put in place temporary facilities to allow people to obtain King Charles IIIbanknotes - there will be a limit per person.You c...