Urgent warning issued to everyone with a Queen Elizabeth banknote

Authorities left concerned by rising reports following release of King Charles III notes into circulation

Households are being warned about a scam falsely claiming banknotes featuring the late Queen Elizabeth II are no longer legal tender. There have been rising reports of people being targeted by phone scammers in this way.

It has sparked fears elderly and vulnerable people in particular could be at risk of being duped. Households are being reminded banknotes featuring the Queen can still be used.

Fraudsters are believed to have stepped up their efforts to con people following the release of King Charles III notes into circulation, which can be spent alongside Queen Elizabeth notes. Scams involve fooling victims into sending the banknotes through the post after convincing them they can be replaced with 'new' cash.

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People have been told they should ignore any calls, messages or emails making these bogus claims. Bryn Thompson, a spokesperson for Phonely, a leading anti-scam telephone service provider, said: "We urge everyone, especially older adults who may be more vulnerable to these types of scams, to remain vigilant.

"The key to avoiding becoming a victim is to remember that the Bank of England has confirmed that Queen’s banknotes are still legal tender. Under no circumstances should you send your cash to anyone or hand it over to a courier, no matter how convincing the caller may seem. If in doubt, hang up and contact your bank or the authorities directly.”