you will no longer be able to spend old paper £20 and £50 notes. That's because after this date they'll no longer be considered legal tender. Consumers have been told to cash them in before the ...

To all you thrifty, cash stuffing Gen-Z trend-setters: your paper £20 and £50 notes are weeks away from being redundant. After September 30, the notes can no longer be used in the UK in favour of ...

The $5 bill in your wallet. The $20 bill in the cash register. The $100 bill at the bank. You may be using less cash day-to-day, but some $2 trillion of paper currency keeps the economy churning ...

Slowly, as the new polymer currency was introduced, so the paper notes were phased out. The paper £5 were withdrawn on May 5, 2017, with the paper £10 following suit on March 1, 2018.. As such ...

A social media budgeting fad for “cash stuffing”, which sees savers put hard currency aside for various outgoings, has helped make coins and notes more popular with Gen Z than millennials.

A woman works in a bank's check disbursal center in the 1960s, when paper transactions reigned and Venmo wasn't even imagined. (H. Armstrong Roberts/ClassicStock) Analysis by Andrew Van Dam In a ...

Postmasters have their branches set up to handle large volumes of cash, with over £3 billion in cash deposited ... their paper £20 and £50 banknotes until the last moment. Paper £50 notes will no ...

Holders of the expiring currency can spend the cash in the meantime There were 300 million old £20 and 160 million paper £50 notes still in use at the end of June. The Bank of England is trying ...

Measured by cash in circulation as a percentage of gross domestic product, Japan emerges as far and away the most cash-intensive developed economy at 23%. The U.S., by contrast, sits at around 10%.