New bank notes featuring King Charles III enter circulation on Wednesday 5 June 2024.
All denominations of the new notes (£5, £10, £20 and £50) will enter circulation on the same day. However, volumes of the new notes will be issued gradually from this date – unlike the recent polymer notes launches. Current banknotes featuring the late Queen will continue to be legal tender.
The launch means that updates may be required for businesses that operate money counting machines, forgery detectors, self-service checkout machines, money sorters and any other cash handling devices to ensure they recognise and can authenticate the new notes.
With less than a fortnight until the new notes arrive, cash handling specialist Volumatic is keen to remind businesses that action is required, and help is available.
In early February, Volumatic hosted a webinar with a representative from the Bank of England called ‘Are you ready for the new King Charles notes?’, which it is now resharing with businesses.
Volumatic’s Managing Director, James Harris, said: “We are sharing our webinar video again to serve as a reminder to any business that hasn’t yet taken the necessary steps, that they need to take action as soon as possible to stay up to date and ensure the new notes don’t cause them any headaches.”
To watch the webinar on how to prepare for the new King Charles notes, visit Volumatic’s homepage.
