Can you still use First Trust Bank notes?
First Trust Bank banknotes remain legal currency until midnight on the 30th June 2022. This means you will experience no change to how you can use First Trust Bank banknotes until after this date.
Are First Trust Bank notes legal tender?
What does this mean for me as a noteholder? You can continue to spend, accept and lodge First Trust Bank banknotes as normal until midnight on 30th June 2022. These banknotes will remain legal currency during this time. They will be accepted by retailers and High Street banks as has always been the case.
Is First Trust Bank now AIB?
In late 2019, First Trust Bank will change brand to AIB, and our trading name will become AIB (NI). Our registered company name, AIB Group (UK) p.l.c. will not change, nor will our status as a UK bank.
Is a first trust a 50 pound note?
They are part of the current First Trust Bank notes series. The First Trust Bank started issuing these 50 Northern Irish Pound banknotes in 1994. They are currently still in circulation. This fifty pounds sterling banknote is 156mm wide by 85mm high.
Is First Trust a UK bank?
AIB (Northern Ireland), (formerly known as First Trust Bank), part of AIB’s UK subsidiary AIB Group (UK) plc, is a commercial bank in Northern Ireland. The bank was one of the four banks that issued Pound Sterling banknotes in Northern Ireland until February 2019; First Trust notes are still in circulation.
Can you still use Ulster bank 20 pound notes?
All Royal Bank of Scotland and Ulster banknotes (as with all Scottish and Northern Irish banknotes) remain legal currency, will not be withdrawn from circulation in the same way as the Bank of England notes, and have no end date for acceptance. You are unable to swap / deposit commemorative coins.
Are the old 20 notes being withdrawn?
30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.
Where can I exchange First Trust banknotes?
AIB customers in the Republic will be able to exchange any First Trust banknotes for Bank of England equivalents at any AIB branch, also until June, 2022.
When do First Trust banknotes go out of circulation?
You can continue to spend, accept and lodge these banknotes until midnight on 30th June 2022 We will gradually withdraw First Trust Bank banknotes from circulation. We are now dispensing Bank of England banknotes through our ATM Network.
Is the First Trust Bank part of AIB?
First Trust Bank, which is part of AIB, is to stop printing its own banknotes in the North and will dispense Bank of England sterling from its ATM network instead. The ATM move, which marks a break with the tradition of banks in the North issuing banknotes under their own masthead, takes effect this week.
Where is First Trust Bank in Northern Ireland?
First Trust Bank is a trade mark of AIB Group (UK) p.l.c. (a wholly owned subsidiary of Allied Irish Banks, p.l.c.), incorporated in Northern Ireland. Registered Office 92 Ann Street, Belfast BT1 3HH. Registered Number NI018800.