Banknote timelines & announcements

13th February 2019

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    First Trust Bank announce decision to cease issuing its own banknotes and dispense Bank of England banknotes from next year

    First Trust Bank banknotes will remain legal currency until midnight on 30th June 2022.

     

    Other key information

    • First Trust Bank banknotes will still be accepted by retailers, high street banks and the Post Office as normal until midnight on the 30th June 2022. 
    • First Trust Bank begin to dispense Bank of England banknotes across its ATM Network.
    • First Trust Bank branches will exchange First Trust Bank banknotes for Bank of England banknotes for tourists or noteholders who cannot spend or lodge these to their accounts before midnight on the 30th June 2022.

     

    Media announcements

     

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30th June 2020

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    First Trust Bank banknotes will no longer be issued by us from today and will gradually be withdrawn from circulation

     

    Other key information

    • First Trust Bank will gradually withdraw their remaining banknotes from circulation. This means noteholders and retailers should begin to see less First Trust Bank banknotes in use from July 2020 until these banknotes cease to be legal currency on midnight of the 30th June 2022.
    • Noteholders outside the UK and tourists who cannot spend or lodge First Trust Bank banknotes before midnight on 30th June 2022 can continue to avail of the First Trust Bank branch exchange services.

     

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30th June 2022

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    Last day that First Trust Bank banknotes can be accepted by retailers and high street banks

    Last day that First Trust Bank banknotes will be accepted by retailers and high street banks. They will no longer be legal currency after 30th June 2022.

     

    Other key information

    • This is the last day that anyone who still holds a First Trust Bank banknote can spend or lodge these.
    • This is the last day Retailers should accept First Trust Bank banknotes for payment. First Trust Bank will work with high steet banks and retailers to ensure that there is a smooth transition for banknotes accepted for payment in the days leading up to this date.

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1st July 2022

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    First Trust Bank banknotes are no longer legal currency and cannot be used

    First Trust Bank banknotes are no longer legal currency and cannot be used.

     

    Exchange services will commence for noteholders who still holds these banknotes in the UK:

     

    • First Trust Bank branch exchange service in Northern Ireland (no time limit)
    • Post Office® branches across the UK (for 2 years until 30th June 2024)

     

     

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30th June 2024

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    First Trust Bank banknotes will no longer be exchanged by the Post Office®

    First Trust Bank banknotes will no longer be exchanged by the Post Office®.

     

    Exchange services will continue through the following channel:

     

    • First Trust Bank branch exchange service in Northern Ireland (no time limit)

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1st July 2024

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    First Trust Bank banknotes can only be exchanged at a First Trust Bank branch

    First Trust Bank banknotes can only be exchanged through a First Trust Bank branch in Northern Ireland, and this service will continue to be available indefinitely.

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