Genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time and can be exchanged at the Bank of England in London. There is no fee for this service. Banknotes of this type can be exchanged either by post or in person.
Exchanging for an individual at the Bank of England counter
Exchanging for an individual via the post
Exchanging for a business at the Bank of England counter
Exchanging for a business via the post
Exchanging damaged/mutilated notes
Please be aware that we do not offer an exchange service for coin; if you have any queries regarding sterling coin please contact the Royal Mint.