Paper notes are being replaced with plastic polymer notes - which last longer and are more difficult to counterfeit.
The days of spending paper banknotes in the shops are numbered: 100 days, to be exact - so start hunting at home.
An estimated 163 million paper £50 banknotes and about 314 million £20 paper notes were still in circulation, the Bank said. From October, people with a UK bank account will still be able to deposit the paper notes into their account or at the Post Office, but spending them will be impossible.Paper £20 and £50 notes issued by Clydesdale Bank, Royal Bank of Scotland and Bank of Scotland will also be withdrawn on the same date.
Also being withdrawn is the paper £50 note which shows the manufacturers Matthew Boulton and James Watt. This entered circulation in 2011 but is now substituted for the polymer note featuring Alan Turing.
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