Are paper notes (not plastic ones) accepted generally in Australia? If not, how can I change them?

Question

Are paper notes (not plastic ones) accepted generally in Australia? If not, how can I change them?

Answer 1

If you have the old notes you can take them into any bank and change them over.

Most shops and businesses will stil take them though because they are still legal tender - in fact they are collector items now so you will have not trouble cashing them in.

Answer 2

You'd be better off taking your paper notes to a bank.

They are still legal tender but many businesses will not be happy to accept them.

Depending on how many  paper notes you have you may be asked questions regarding the cash.

The authorities could think they were the proceeds from an old robbery, that you are trying to get rid of.

This is from the Reserve Bank of Australia website:

REDEMPTION OF OLD AUSTRALIAN NOTES

All previous issues of Australian notes retain their legal tender status. However, it is a long time since these notes actively circulated in Australia and most retailers and members of the public would be reluctant to accept them as they are unfamiliar with the designs and may suspect them to be counterfeit.

The Reserve Bank of Australia (RBA), and most commercial banks, will redeem old Australian notes at face value. If you take your old notes to a commercial bank they may exchange them for current notes. Please bear in mind that a commercial bank may require time to confirm that a note from a previous note series is genuine or may need to send such notes to the RBA for confirmation.

Alternatively, you can exchange your old notes for current notes by visiting the following RBA locations:

Sydney

65 Martin Place

SYDNEY NSW 2000

Australian Capital Territory 20-22 London Circuit

CANBERRA ACT 2600



Some old notes may be valuable as collector items. You may wish to have your old notes appraised by a Note and Coin Dealer.

http://www.rba.gov.au/CurrencyNotes/Lega...