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Home > Banknotes > Moving to Polymer Banknotes

Moving to Polymer Banknotes

The New Fiver was issued on 13 September 2016. Full details of the design and security features are available along with free training materials for retailers and businesses. You can find out more about the new polymer £5 note at

The £10 note will be issued in summer 2017 and the £20 note by 2020. You can continue to spend paper £5 notes as usual until 5 May 2017. After this they will cease to be legal tender.

Polymer banknotes are cleaner, more secure, and more durable than paper banknotes. They will provide enhanced counterfeit resilience, and increase the quality of banknotes in circulation.

A charity auction of Bank of England banknotes with low serial numbers will be held on Monday 3 October. The money raised will be donated to the Myotubular Trust, The Lily Foundation, and Bliss. The auction will be conducted by Spink & Son and more details can be found on their website.

Why Polymer?Getting Your Business Ready
Public Consultation Programme 2013Fact Sheets

The three Scottish issuing banks are also printing their next £5 and £10 notes on polymer.  Clydesdale Bank will issue their polymer £5 on 27 September 2016, Bank of Scotland on 4 October 2016 and RBS on 27 October. For further information see The Committee of Scottish Bankers.
The Royal Mint will be issuing a new £1 coin in March 2017.  For further information go to The Royal Mint.