Information for Noteholders
First Trust Bank banknotes ceased being legal currency from midnight on 30th June 2022. Below you’ll find further information on what you should do if you hold notes from 1st July 2022.
What should I do with my First Trust Bank banknotes?
From 1 July 2022 |
No. We strongly encourage all First Trust Bank noteholders to lodge/exchange their notes as soon as possible. You should no longer accept First Trust Bank banknotes as payment for goods or services. If your business still holds First Trust Bank banknotes, from 1st July 2022 you will have the following options: AIB (NI) We will continue to accept First Trust Bank banknotes from our customers for deposit to their accounts. We will also exchange First Trust Bank banknotes for Bank of England banknotes, or other sterling banknotes of equivalent value, when presented in person at AIB branches in Northern Ireland at no cost. There is no time limit on this. Supporting documentation, including proof of identity and address will be required and limits will apply. Post Office Post Office outlets in Northern Ireland will continue to accept First Trust Bank banknotes to support any cash deposit transaction. There are currently no plans to change this. Northern Ireland The Northern Ireland note issuing banks (Danske Bank, Ulster Bank and Bank of Ireland) will continue to accept First Trust Bank banknotes from their customers, for deposit into their respective accounts. There are currently no plans to change this. Scotland, England and Wales The Scottish note issuing banks (Royal Bank of Scotland, Virgin Money (formerly Clydesdale Bank) and Bank of Scotland) will continue to accept First Trust Bank banknotes from their customers, for deposit into their respective accounts. There are currently no plans to change this. Republic of Ireland AIB branches in Republic of Ireland will continue to accept First Trust Bank banknotes from their customers for deposit to their accounts. They will also exchange First Trust Bank banknotes for Bank of England banknotes for their own customers when presented in person at no cost. This service will be available for a limited period until 31st December 2022. Supporting documentation, including proof of identity and address will be required and limits will apply. Post Office Cash Exchange Service A free cash exchange service will be available in Northern Ireland in the Post Office at Bridge Street, Belfast for a limited period until 30th September 2022. Limits and ID requirements apply. |
Need further help?
If you cannot find the information you need in our frequently asked questions or on this webpage, submit a question online and we will come back to you.
You can also call into your nearest AIB branch in Northern Ireland or call us on 0345 646 0203. Lines are open from 9am to 5pm Monday - Friday (except on bank holidays).
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. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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The AIB logo and AIB (NI) are trade marks used under licence by AIB Group (UK) p.l.c. incorporated in Northern Ireland. Registered Office 92 Ann Street, Belfast BT1 3HH. Registered Number NI018800. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.