Time is running out to spend your old £5 notes – with the paper currency set to become worthless on the High Street this week.
The old-fashioned paper £5 note will no longer be considered legal tender as of Friday May 5 meaning anybody with any of the old fivers lying about needs to take them to a bank or Post Office.
The Bank of England has estimated there still about 165 million notes in circulation across the country.
The Bank of England’s website says: “All Bank of England notes retain their face value for all time. If your bank, building society or Post Office is not willing to accept these notes they can be exchanged with the Bank of England in London by post or in person.”
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