Will your bank accept old paper 5 notes after the deadline?Here is what some major account providers have said about whether people can still deposit 5 notes after May 5Get daily updates directly to your inboxSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid EmailThe deadline for spending old paper Bank of England notes is approaching.Friday May 5 marks the last day that the banknote featuring prison reformer Elizabeth Fry will be legal tender. Around 155 million of the notes are still in circulation.After this date, shops no longer have to accept it as payment.The Bank of England said some banks and building societies may continue to accept the old fiver after May 5 but this is at their own discretion so people may want to check their own bank or building society’s policy.Here is what some major account providers have said about whether people can still deposit notes after May 5:Post Office All Post Office branches will accept the notes as a deposit into any main UK bank account even after the notes cease to be legal tender.In January, the Post Office launched a replica bags service with banks that enables their customers to perform everyday banking services in all post offices across the UK.As a result 99% of UK bank account holders can undertake deposits, withdrawals and balance enquiry services in any of the Post Office’s 11,600 branches.Barclays Bank in High Street, Coventry city centreBarclays Barclays customers can continue to deposit the paper note into their business or personal account. This will also apply to the old “round pound” when it ceases to be legal tender later this year, having been replaced by the new coin.Barclays said: “We would recommend that customers allow sufficient time to return old notes/coins rather than leave it until legal tender status is withdrawn.”The new coin is released today but here’s why you won’t get one in CoventryYorkshire Building Society It will accept old fivers after May 5 and take them out of circulation when they come into its possession.Nationwide Building Society Nationwide will continue to accept the old notes from existing customers..
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