An Update on the New $20 Bank Note

Tha Bank of Canada has announched that a new vertical $20 bank note featuring King Charles III will be issued in early 2027. This will be the first new bill introduced in nearly a decade, and it's set to include updated security features to stay ahead of counterfeiting threats. 

Like the $10 Viola Demond note, this $20 note will have a vertical layout and be printed on polymer for durability and enhanced security. The reverse will continue to feature the Canadian National Vimy Memorial, paying tribute to Canada's military history.

What It Means for CAMA Members

If your business includes vending machines, kiosks, or any other cash-accepting equipment, this is your early notice: this new bill may impact your operations, and the Bank of Canada wants to hear from you.

Right now, the Bank is in the information-gathering stage and is looking to consult with stakeholders like CAMA to better understand:

• The current cash landscape in the vending and automatic retail sector

• Machine readiness and upgrade timelines

• Training needs for your teams to help recognize the new note and its security features

This feedback will directly inform the Bank’s rollout strategy, including awareness campaigns and training materials for businesses and the public.

Help Shape the Transition

In previous currency updates, the Bank of Canada partnered with CAMA to ensure our members were well-prepared. That collaboration made a real difference, and they want to work with us again.

Stay tuned for more information on the Bank of Canada's outreach plans.

You can learn more about the new note on the Bank of Canada's website.