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Local Businesses Reminded To Cash In Old £1 Coins

Local business are being reminded to cash in their old £1 coins by next Monday, from when they will no longer be legal tender.

The Windermere & Bowness Chamber of Trade says the old coins can be paid in at any bank or post office.  

There are 500-million of the old, round coins still in circulation.  Small business can still take them as payment but they won't be able to give them out as change from Monday.  

In a statement, the Chamber said: "The Windermere & Bowness Chamber of Trade would urgently remind all businesses in the area to 'cash in' their old £1 coins by next Monday.

They need to take pay them in at any bank or post office.  After Monday you can still take the old coinage after Monday, but it will be illegal to give them as change.

Also check, trouser and jacket pockets, purses, the children's 'piggy banks' and 'bottle jars' for the old £1 coins".

Meanwhile, Gemma Louise Collins from the Lancaster & District Chamber of Commerce added: ‘’Due to the sheer amount of old pound coins in circulation, we are urging all businesses to continue accepting them but not to give as change. 

We would like all businesses to consider this as a service to their customers due to the short transition period given, and re-iterate banks will continue to accept them."

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