Changing Old Pound

[forex]

I need to change the old $10 and $5 pound to the new one. As I will not be going to UK for the time being, are there any places here in Singapore that I can change?

Had called British High Comm and they told me to check the banks directly. But so far those UK related banks (eg RBS, Barclays) they are not dealing with retailer banking. So I cannot change there.

As I will be in Germany during Nov, will I be able to convert these old pounds to EUR there? Thanks

 

[revhappy]

I need to change the old $10 and $5 pound to the new one. As I will not be going to UK for the time being, are there any places here in Singapore that I can change?

Had called British High Comm and they told me to check the banks directly. But so far those UK related banks (eg RBS, Barclays) they are not dealing with retailer banking. So I cannot change there.

As I will be in Germany during Nov, will I be able to convert these old pounds to EUR there? Thanks

Keep it as a collectible. Maybe list it on carousel and see if anyone is interested.

 

[forex]

Keep it as a collectible. Maybe list it on carousel and see if anyone is interested.

Not possible. Cos it amounts to a few hundred.

 

[madtari]

When I was in London, I was told that you need to go to any of the banks to exchange new notes. Ended up I saw those forex vending machine in one of their train stn which takes in old notes or other currency and gives you new notes. But I don't think this will be widely available in other parts of Europe.

I need to change the old $10 and $5 pound to the new one. As I will not be going to UK for the time being, are there any places here in Singapore that I can change?

Had called British High Comm and they told me to check the banks directly. But so far those UK related banks (eg RBS, Barclays) they are not dealing with retailer banking. So I cannot change there.

As I will be in Germany during Nov, will I be able to convert these old pounds to EUR there? Thanks

 

[BBCWatcher]

The Bank of England will accept old pound bank notes via postal mail. Yes, it's legal to send currency through the mail. Ordinary, lowest cost postage between Singapore and the United Kingdom is reasonably safe and reliable assuming you're not sending massive amounts of cash through the mail.

There's only one small problem: how will you get paid? If you have a bank account in the United Kingdom, that'll work fine. The Bank of England can wire pound sterling funds to a bank account elsewhere, and there's no Bank of England fee. Unfortunately, a non-U.K. bank will usually levy significant charges on inbound pound sterling. That part will require some significant investigation in order to minimize fees.

Another solution is to donate your old pound notes to a charity in the United Kingdom. I'm sure Médecins Sans Frontières U.K. would be quite happy to receive your donation, and their postal address is listed at the bottom of that Web page.

 

[Squaredot]

How old are your old pounds?

 

[limster]

When I was in London, I was told that you need to go to any of the banks to exchange new notes. Ended up I saw those forex vending machine in one of their train stn which takes in old notes or other currency and gives you new notes. But I don't think this will be widely available in other parts of Europe.

a lot of the supermarkets with DIY cashier where you insert notes and coins take the old pound notes as well. so you can buy groceries with those notes.

 

[madtari]

I believe his old notes refer to old series notes instead of worn out notes. When I was in UK, even human store owners won't take in old series notes, let alone machines, which are only configured to take in current series of notes.

In Singapore, stall/store owners are likely to be happy to accept your ship/bird series note... but in other countries, they may not be so entertaining as old notes are not widely accepted and you need to inconvenience yourself to exchange the notes at the bank counter.

EDIT: just realised you are replying to my post so it is unlikely there is any misunderstanding on what old notes refer to. So have you tried using old series notes at those machines at grocery stores? If yes, next time I can try if I happen to have anymore old notes!

a lot of the supermarkets with DIY cashier where you insert notes and coins take the old pound notes as well. so you can buy groceries with those notes.

 

[limster]

I believe his old notes refer to old series notes instead of worn out notes. When I was in UK, even human store owners won't take in old series notes, let alone machines, which are only configured to take in current series of notes.

In Singapore, stall/store owners are likely to be happy to accept your ship/bird series note... but in other countries, they may not be so entertaining as old notes are not widely accepted and you need to inconvenience yourself to exchange the notes at the bank counter.

EDIT: just realised you are replying to my post so it is unlikely there is any misunderstanding on what old notes refer to. So have you tried using old series notes at those machines at grocery stores? If yes, next time I can try if I happen to have anymore old notes!

yes,I had old 20 pound notes which shopowners didn't accept. They were accepted by a M&S supermarket machine

I just googled, turns out M&S has a banking licence and you can do simple banking functions at their supermarkets. Maybe because they are a bank they can accept old notes?

https://bank.marksandspencer.com

 

[madtari]

Nice! Thanks for the info! M&S quite easy to find so next time don't need to headache anymore.

yes,I had old 20 pound notes which shopowners didn't accept. They were accepted by a M&S supermarket machine

I just googled, turns out M&S has a banking licence and you can do simple banking functions at their supermarkets. Maybe because they are a bank they can accept old notes?

https://bank.marksandspencer.com

 

[bluetwinkle]

When I was in London, I was told that you need to go to any of the banks to exchange new notes. Ended up I saw those forex vending machine in one of their train stn which takes in old notes or other currency and gives you new notes. But I don't think this will be widely available in other parts of Europe.

There is a schedule on when a particular banknote is no longer accepted so it may not be as simple as visiting any bank to exchange to new notes.

I personally faced the issue when a SG money changer gave a couple of withdrawn banknotes to me.

A particular branch of Bank of England in London will perform physical exchange of withdrawn banknotes on the spot regardless when the banknotes were withdrawn.

For more details, one can refer here: https://www.bankofengland.co.uk/banknotes/exchanging-old-banknotes

 

[madtari]

Very good information!

Must go home n check my notes liao... from the list, got £5 & £10 note just being ceased legal tender last year.

There is a schedule on when a particular banknote is no longer accepted so it may not be as simple as visiting any bank to exchange to new notes.

I personally faced the issue when a SG money changer gave a couple of withdrawn banknotes to me.

A particular branch of Bank of England in London will perform physical exchange of withdrawn banknotes on the spot regardless when the banknotes were withdrawn.

For more details, one can refer here: https://www.bankofengland.co.uk/banknotes/exchanging-old-banknotes

 

[PanamaKid]

Very good information!

Must go home n check my notes liao... from the list, got £5 & £10 note just being ceased legal tender last year.

Come to Golden Dragon Money Changer at Chinatown Point let me take a look .. willing to take 1:1.. 1 gbp -> 1 sgd

*Notice*

They had recently released the new 20 polymer notes too.. anytime will announce 6 month grace time to take out the current 20 paper ones..

 

[Assault]

Wah, you’re offering 1 sgd for his 1gbp, such a great deal, where can I sign up?

 

[Squaredot]

During my London trip last August, I exchanged some old £1 coins and £ notes at Llodys bank.
No charges.