The New Fiver was unveiled at Blenheim Palace on 2 June and will be shown to the public at a number of events across the UK this summer.
The New Fiver will enter circulation on 13 September. It will then take a few weeks for the notes to spread across the country to shops, businesses and banks.
In May 2017 paper £5 notes will cease to be legal tender and will no longer be accepted by shops and banks.
The three Scottish banks are also printing their next £5 and £10 notes on polymer. Clydesdale Bank will be issuing a polymer £5 on 15 September, the Bank of Scotland on 4 October and RBS in November 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.
New ten pound note
The new polymer £10 note featuring Jane Austen will enter circulation in summer 2017.
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.
