The New Fiver

Is here

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Introduction video

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Cleaner

Polymer notes are also better for the environment. This is because they last longer and so we have to print fewer notes, which means less energy is used in manufacturing and cash transportation. When a polymer note has reached the end of its life it will be recycled into new plastic products.

Safer

The New Fiver has a number of security features which make it even harder to counterfeit. These include the see-through window and the foil Elizabeth Tower which is gold on the front of the note and silver on the back. You can learn more about these security features and how to check your notes here. Only a tiny proportion of notes are counterfeit - 0.0075% in 2015 – but we want to stay one step ahead of the counterfeiters and these new security features help us do this.

Stronger

Each new polymer note is expected to last at least 2.5 times longer than the current paper notes. This is because polymer is stronger than paper so the notes can better withstand being repeatedly folded into wallets or scrunched up into pockets.

Why Churchill?

Winston Churchill was one of the greatest statesmen of all time and is the only Prime Minister to win the Nobel Prize for literature. As he himself said, a "nation that forgets its past has no future". Our banknotes are repositories of the United Kingdom’s collective memory and are testaments to the outstanding achievements of the nation’s greatest individuals.

Like Churchill, the new polymer note will also stand the test of time. It is cleaner, being more resistant to dirt and moisture. It is safer, with better security features. And it is stronger, making it longer lasting and more environmentally friendly.


Mark Carney

Governor of The Bank of England

How does it affect me?

Key dates

2nd
Jun 2016

Launch Event

The New Fiver was unveiled at Blenheim Palace on 2 June and was shown to the public at a number of events across the UK this summer.

13th
Sep 2016

New £5 Goes Into Circulation

The New Fiver entered circulation on 13 September.

5th
May 2017

Old £5 Goes Out of Circulation

On 5 May 2017 paper £5 notes will cease to be legal tender and will no longer be accepted by shops.

What do I need to do?

Nothing. We will gradually start withdrawing paper £5 notes as they are banked by retailers and businesses. If, after May 2017, you find you still have some paper £5 notes you will be able to exchange them at the Bank of England. But until then carry on spending paper £5 notes as usual.

Other notes and coins

The three Scottish banks are also printing their next £5 and £10 notes on polymer: Clydesdale Bank on 27 September, Bank of Scotland on 4 October and RBS on 27 October 2016. The Royal Mint will be issuing a new £1 coin in March 2017.

Future banknotes

The New Fiver is the first of the Bank of England’s new series of polymer notes, with the £10 and £20 notes to be replaced with polymer designs over the coming years.

Ten Pound note design

New ten pound note

The new polymer £10 note featuring Jane Austen will enter circulation in summer 2017.

Twenty Pound note design

New twenty pound note

The new polymer £20 note featuring JMW Turner will enter circulation by 2020.

There are currently no plans to replace the £50 note featuring Boulton and Watt and we will announce the material for future £50 notes in due course.

Bank, Camera, Action:

New film competition for schools

Bank Camera Action logo

Make a short film about a day in the life of The New Fiver and you could win great prizes.

Find out more at http://www.bankofengland.co.uk/bankcameraaction.

Why replace the note?

The Bank of England periodically replaces notes to introduce the latest new security features and stay ahead of counterfeiters. It also means that we can feature new characters.

We have decided that our next £5, £10 and £20 notes will be printed on polymer, a thin flexible plastic, because polymer notes last longer, stay cleaner and are harder to counterfeit than paper notes. 87% of people who commented in our 2013 consultation supported the idea.

Did you know? 21,835 notes were replaced in 2015 due to damage.
The new polymer notes last up to 2.5 times longer than paper.

Torn / part notes icon

10,761

Torn / part notes

Chewed / eaten icon

5,364

Chewed / eaten

Washed notes icon

1,801

Washed

Contaminated notes icon

2,912

Contaminated

Fire / damaged notes icon

997

Fire / damaged

See #TheNewFiver come to life right now

Download the Blippar app, point your camera at any £5 note and see it transform into The New Fiver

Blippar Apple Windows Android

Retailer information

Useful resources

The Bank of England provides a range of free educational materials to help retailers identify genuine banknotes. More information about these can be found on our website.

Retailers also need to update machines that handle cash so they can recognise the new notes.

For more information on how to get your business ready for the new notes, please see our website.

Getting your business ready

In this document we detail the measures you can take to get ready for the new banknote.

The New Fiver Leaflet

In this document we detail the ways you can identify a counterfeit polymer banknote.