You are here: Home - Saving & Banking - News -

New £20 polymer note unveiled

0
Written by: Emma Lunn
10/10/2019
Bank of England governor Mark Carney has unveiled the design of a new £20 note featuring the artist JMW Turner.

The polymer £20 note contains sophisticated security features making it the most secure Bank of England banknote yet.

Polymer notes last longer than paper notes and they stay in better condition during day-to-day use. For the first time, the note incorporates two windows and a two-colour foil, making it very difficult to counterfeit.

The new £20 note, like the polymer £10, will contain a tactile feature to help vision impaired people identify the denomination.

The polymer £20 note will join the Churchill £5 and the Austen £10. A new £50 note, featuring Alan Turing, will follow in 2021.

You will begin to see the new £20 note from 20 February next year as the notes leave cash centres around the country and enter general circulation.

You’ll still be able to spend paper £20 notes as usual and these will be gradually withdrawn as they are banked by retailers and the public. Notice will be given six months ahead of legal tender status of the paper £20 being withdrawn.

Mark Carney, Bank of England governor, said: “Our banknotes celebrate the UK’s heritage, salute its culture, and testify to the achievements of its most notable individuals.

“And so it is with the new £20 banknote, featuring JMW Turner, launched today at Turner Contemporary in Margate. Turner’s contribution to art extends well beyond his favourite stretch of shoreline. Turner’s painting was transformative, his influence spanned lifetimes, and his legacy endures today. The new £20 note celebrates Turner, his art and his legacy in all their radiant, colourful, evocative glory.”

The new £20 note will be the first to feature the signature of Sarah John, the Bank of England’s chief cashier.

She said: “The new £20 is an important part of our commitment to providing banknotes that people can use with confidence. Our polymer notes are much harder to counterfeit and, with the £20 being our most common note, this marks a big step forward in our fight against counterfeiting. I hope the public will look forward to spending their new Turner £20s from February next year.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Seven ways to get help with energy bills this winter

We knew today’s announcement was going to be painful, but it’s still a shock to the system. When this kick...

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week