Bank note warning as £7.2BILLION expired notes hidden in homes – can you still cash yours in?

THERE is £7.2 billion in old bank notes which has not been cashed in nationwide, despite the fact that paper £20 and £50 notes stopped being legal tender from October 2022.

The £20 and £50 paper notes were phased out in order to make way for new polymer ones which are harder to counterfeit and last longer.

Plastic notes with several security features are now used instead of paper banknotes ...