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12 April 2017
All change!

Got your hands on the new fiver or £1 coin, but not sure what to do with your old money?  Hereís what you need to know. 

Old £5 notes 

On 5 May 2017, the old £5 notes will no longer be legal tender, so you won't be able to spend them in shops, restaurants and other businesses. 

You can still pay old £5 notes into your credit union account, but we are unable to accept or exchange them for new tender after the 5 May. You should still be able to exchange them after this date at the Post Office or other high-street banks. 

Did you know: The new polymer notes might not be so indestructible

Old £1 Coin 

The new 12-sided £1 coin came into circulation on 28 March 2017, and some are already selling for a small fortune online.

You can continue to deposit your old round £1 coins into your credit union account, but they will cease to be legal tender on 15 October, 2017, so itís best to spend or save them with us before then.  

Did you know Ė the new £1 has a hidden security feature to make it difficult to counterfeit.

What next?

We can also expect a new £10 note in September, featuring Jane Austen and a new £20 note by 2020, which will feature the face of artist J.M.W. Turner. 

Saving with Bristol Credit Union 




How to contact Bristol Credit Union

Main Branch

112/114 Cheltenham Road
Bristol, BS6 5RW

By phone

Call us on 0117 924 7309

By email

info@bristolcreditunion.org.uk
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Bristol Credit Union Tel: 0117 924 7309 Fax: 0117 989 2540 Email: info@bristolcreditunion.org.uk Web: http://www.bristolcreditunion.org
© Bristol Credit Union 112/114 Cheltenham Road, Bristol BS6 5RW Tel: 0117 924 7309