First Trust Bank will stop issuing its own banknotes in 2019 and gradually withdraw these from circulation. We will replace them with Bank of England banknotes through our ATM network. This was a commercial decision which took into account the increasing use of digital payment methods and mobile technology.
You can continue to spend, accept and lodge our banknotes in the UK as normal until midnight on 30th June 2022. There will be no change in the way individuals or businesses can use our banknotes until that date.
After 30th June 2022 anyone still holding a First Trust Bank banknote can exchange these for Bank of England banknotes, or other sterling banknotes of equivalent value, in person at any First Trust Bank branch at no cost. There is no time limit on this.
Supporting documentation, including proof of identity and address, may be required. Limits may apply.