Contact Us: 0800 121 6376

Fed members in Northern Ireland should be aware that First Trust banknotes will cease to be legal tender at midnight on June 30, 2022.

From July 1, you should no longer accept First Trust Bank banknotes as payment for goods or services. If your business still holds First Trust banknotes, from this date, you will have the following options:

AIB (NI)
Will continue to accept First Trust banknotes from customers for deposit to their accounts. It will also exchange the notes 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.

For more details on how this affects retailers, click on the following link

Information for Retailers – AIB (NI) (aibni.co.uk)

Related Articles

Related Articles

First Trust (AIB) banknotes to be withdrawn in Northern Ireland

Fed members in Northern Ireland should be aware that First Trust banknotes will cease to be legal tender at midnight on June 30, 2022. From July 1, you should no longer accept First Trust Bank banknotes as payment for goods...
Read More

Online Portal Goes Live For 3,000 Micro Firms Seeking £10,000 Covid-19 Grant

Up to 3,000 Irish micro businesses can now progress their application for an emergency Coronavirus grant.
Read More

Newspread deals another blow to struggling retailers

News retailers on both sides of the Irish border are being hit with another rise in overheads, after wholesaler and distributor Newspread announced a weekly surcharge of €2.20 in the Republic and £2 in Northern Ireland. In a letter to...
Read More