The new £20 note with JMW Turner’s Portrait enters into circulation today according to The Bank of England. The £20 note is issued on 20 February 2020. All you see from today’s date and the event is number two and zero. Today is a lucky day.
Who is JMW Turner? JMW Turner is Joseph Mallord William Turner. He was a very famous English Artist and educated at the prestige Royal Academy of Arts. He was born in London in 1775 and went to be with the Lord in 1851.
The bank of England has published an educational poster about the new £20 note with JMW Turner’s portrait. The poster is to help people to differentiate between a genuine £20 note and a fake £20 note.
You can still continue to use the old paper £20 note with Adam Smith’s portrait, the economist. This paper £20 note was first issued in 2007.
The new polymer £20 note with not easy to forge features shall prevent counterfeits.
The UK Government has not yet officially withdraw the old paper £20. The government would give 6 months notice of the date when you can no longer use the old £20 note.
You can always exchange your old UK banknote with the Bank of England by post.
The new polymer £20 note would not affect Companies House because they do not usually accept cash. You can pay your confirmation statement and other filings fees either by cheque, postal order or using a debit or credit card or electronically.