Skip to content
Search

Latest Stories

New polymer £20 note to reach people next month

THE new polymer £20 note will begin to appear in ATMs and tills across the UK next month.

It is printed on polymer, features the artist JMW Turner on the reverse but retains the distinctive £20 purple colour.


“It is the most secure banknote yet with sophisticated security features making it difficult to counterfeit but simple and quick to check,” the Bank of England said in a release.

To check the authenticity of the new banknote, the lender has asked people to look at the metallic image over the main window. Margate Lighthouse appears in gold foil with the Turner Contemporary gallery in blue and the foils are silver on the back.

There is another small see-through window in the bottom corner of the note. Hologram image - the metallic patch under the main window contains the word ‘Twenty’. This changes to ‘Pounds’ when the note is tilted from side to side.

The note also features the following:  JMW Turner’s self-portrait, painted circa 1799, one of Turner’s most eminent paintings The Fighting Temeraire, a tribute to the ship HMS Temeraire, which played a distinguished role in Nelson’s victory during the Battle of Trafalgar in 1805, the Queen’s portrait in the see-through window with ‘£20 Bank of England’ printed twice around the edge, silver foil patch with a 3D image of the coronation crown, a purple foil patch containing the letter ‘T’ and based on the staircase at the Tate Britain, a quote “Light is therefore colour” from an 1818 lecture by Turner referring to the innovative use of light, shade, colour and tone in his pictures and Turner’s signature from his Will, the document with which he bequeathed many of his paintings to the nation.

The new £20 note will be the first to feature the signature of Sarah John, the Bank’s chief cashier.

She said: “The new £20 is an important part of our commitment to providing banknotes that people can use with confidence. Our polymer notes are much harder to counterfeit and, with the £20 being our most common note, this marks a big step forward in our fight against counterfeiting. I hope the public will look forward to spending their new Turner £20s from February...”

Meanwhile, paper £20 notes, featuring Adam Smith, will remain legal tender and should be spent and accepted as usual. These notes will be gradually withdrawn as they are banked. Notice will be given six months ahead of the legal tender status being withdrawn.

More For You

PayPal

PayPal has introduced three membership tiers with higher tiers offering up to 50 per cent additional points value and access to exclusive experiences.

iStock

PayPal relaunches in UK with new loyalty programme and debit card

Highlights

  • Free loyalty programme offers 1,000 points worth £10 to spend at checkout.
  • New debit card earns 10 times more points than standard payment methods.
  • PayPal Credit expands to in-store purchases with physical and virtual cards.

PayPal has relaunched its services in the United Kingdom with the introduction of a free loyalty scheme and its first consumer debit card, marking a significant shift from purely online transactions to in-store payments. This comes nearly two years after it restructured its operations there following Brexit.

The digital wallet provider unveiled PayPal+ today, a loyalty programme now available to nearly 30 million UK customers before rolling out globally. Members earn points on purchases made online and in physical shops using PayPal balance, linked cards, or Buy Now Pay Later options.

Keep ReadingShow less