Limit Currency Paper For Free

Is there a limit on large currency exchange? In most countries, there are no legal limits on currency exchange. The UK, US, Canada, Australia, NZ, and the countries in the EU have no restrictions on the maximum size of a bank-to-bank money transfer.

Old paper £20 and £50 notes are no longer legal tender. We explain what to do with your old banknotes and where to exchange them. Old £20 and £50 paper notes stopped being legal tender in the UK on 30 September 2022. This means you can't use them in shops or as payment any more.

September 30, 2022 was the last day that the Bank's paper £20 and £50 banknotes had legal tender status. You can no longer use those paper notes as payment anymore, however it isn't too late to swap them for new notes.

Currency and monetary instruments of a value equal to or greater than $10,000, or its equivalent in a foreign currency which are not reported, may be subject to seizure and the assessment of penalties or forfeiture. Penalties range from $250 to $5,000. What happens with the information you give us?

This note replaces our paper £50 note which was withdrawn from circulation after 30 September 2022. You may be able to deposit withdrawn notes at your own bank or with the Post Office. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England.

Paper bank notes are no longer legal tender, as well as old-style £1 coins - but don't worry, as you can still exchange them. The Bank of England often takes notes and coins out of circulation in order to replace them with newer forms of the currency.

A shop owner can choose what payment they accept. If you want to pay for a pack of gum with a £50 note, it's perfectly legal to turn you down. Likewise for all other banknotes, it's a matter of discretion. If your local corner shop decided to only accept payments in Pokemon cards that would be within their right too.