Paper £20 and £50 banknotes withdrawn as legal tender on September 30 - where can you exchange them

The Bank of England has warned people of long queues and lengthy waits at its headquarters as the deadline nears.

The £20 and £50 paper banknotes no longer be accepted in shops and businesses beginning tomorrow, leaving people scrambling to replace them with new plastic versions before the deadline.

The Bank of England said after September 30, the paper banknotes will no longer be legal tender and anyone who still has these to use them or deposit them at their bank or a Post Office.

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With two more weeks before the deadline ends, the central bank has warned people to expect long queues at its headquarters at Threadneedle Street in the City of London as they try to swap paper £20 and £50 notes.