Insight Associates provide outsourced accounting and Finance Director services to ambitious and growing businesses. We work as your only resource or with existing staff to give you complete financial support including monthly management accounts, high level financial advice, robust controls and financial systems, funding and business planning, payroll & compliance, VAT returns and statutory compliance.

Successful business leaders have all the information they need to make good decisions…Do You?

Sunday, July 18, 2010

Withdrawal of Bank notes – Did you miss the deadline?

You may have missed the fact that the older style £20 notes with the portrait of Sir Edward Elgar on were withdrawn from circulation on 30th June.

Most banks, building societies and Post Offices will, for a few months, accept the Elgar £20 notes for deposit into accounts and other customer transactions so now is a good time to check those petty cash tins and piggy banks.

We recently came across some of the older version £20 notes with Michael Faraday on them and our local NatWest branch very kindly accepted these too.

If, you are not so lucky with your bank don’t forget you always claim the face value of any notes if you present them directly to The Bank of England.

This can either be done in person or by post (at the sender’s risk) to: Dept NEX, Bank of England, Threadneedle Street, London EC2R 8AH. You can obtain further information from the Bank of England website

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Insight Associates, Insight House, Riverside Business Park, Stoney Common Road, Stansted Mountfitchet, Essex, CM24 8PL, UK
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Insight Associates is a trading name of Financial Catalysts Limited. Registered in England and Wales Number: 5670047. Registered Office as above. Disclaimer | Cookies