Beware of banknote scam from bogus callers

Households are being warned about a scam falsely claiming banknotes featuring the late Queen Elizabeth II are no longer legal tender and urging them to be changed to King Charles III bank notes.

Phone scammers may try to trick you by asking if you have any notes in your property that need to be replaced with ‘new’ cash. The scammer may offer to come and collect the bank notes for exchange OR ask you to send your bank notes in envelope to an address.

It is important to remain vigilant and ignore any calls, messages or emails making these bogus claims.

You can report scam websites to the National Cyber Security Centre and texts can be forwarded to 7726.

You can also report the scam to Action Fraud.

Banknotes that feature the portrait of Queen Elizabeth II will remain legal tender and are co-circulating alongside King Charles III notes.

There are currently over 4.6 billion Queen Elizabeth banknotes in circulation and there is no set date for them to be retired. New King Charles III banknotes will only be printed to replace those that are worn and to meet any overall increase in demand for banknotes.

This simple guide helps you to identify genuine Bank of England notes How to check your banknotes (bankofengland.co.uk)