Press, News & Features

Latest News

More £5 notes available from ATM's

The number of £5 notes dispensed from cash machines will have soared five-fold by Easter 2011, the Bank of England said recently.

Around £122 million of the sought after notes will be dispensed from ATMs each month by April, up from £22 million now. The increase follows a range of initiatives by the Bank to get more £5 notes into circulation, including pilot schemes with HSBC and Sainsbury's, under which the notes were dispensed from ATMs. A number of financial institutions and ATM operators are now dispensing the notes, and retailers giving more in change.

As a result, by 2012 it is estimated that an extra 400 million £5 notes will be in circulation. The notes should also be sorted more often, meaning that the average quality of five pound notes should also improve.

Cookies on this website
This website uses cookies to provide the best experience for visitors - in continuing to browse this site, you consent to their use.

Sign up to our updates
No spam - that's a promise!