Old £10 note expire this week – what to do with your money Are you traveling to England or happen to be in the country and still have old 10 pound notes? Figures from the Bank of England suggest there’s still £2.2 billion of old paper £10 notes in circulation. This is what you need to know about when the old notes will expire. You can change your cookie settings at any time. From Thursday March 1, the notes will no longer be accepted in shops, restaurants and other retailers. The note joins the Churchill £5 and the Austen £10 in the first series of polymer notes. 1k Views. Paper £5 notes featuring Elizabeth Fry were withdrawn almost a year earlier in May 2017. All old paper £10 notes must be spent by 1 March 2018. The paper £10 note featuring Charles Darwin was issued on 7 November 2000. Date old £20 notes will expire confirmed and how long you have to use them Tom Bull & Lottie Gibbons 30/10/2020 England's new Covid rules: what is allowed in tiers 1, 2 and 3? All previous issues of Australian banknotes retain their legal tender status. But, you’ll still be able to exchange any old paper tenners for free at the Bank of England, either by post or in person. ritain’s new plastic £10 note featuring a portrait of author Jane Austen enters circulation today. And how long will banks accept paper tenners for? If so, you have until Thursday to get rid of them because after March 1st, they will no longer be considered “legal tender”. This is what you need to know about when the old notes will expire. The new-design polymer tenners, which have raised dots to help blind and partially sighted people, follows the introduction of the new £5 notes one year ago. The last day to use your paper £10 notes was 1 March 2018. The Bank of England has stated that the familiar £10 note we are accustomed to will go out of circulation in spring 2018. However, old notes can still be exchanged at the Bank now that this point has passed. Time is ticking for the old paper £10 banknote. "The Northern Ireland note issuing banks will continue to accept old paper-based notes … Aldi said it will accept payments in old paper £10 notes until Good Friday (March 30), while Morrisons shoppers can use their old tenners until March 16 – two weeks after the Royal Mint's deadline. 13 year-old girl dies suddenly after developing breathing problems, Decision on Christmas rules due tomorrow as London prepares for Tier 3, Emily Maitlis’ Dominic Cummings monologue row being assessed by Ofcom, Pressure builds on Boris Johnson over Christmas bubbles, You may not agree with our views, or other users’, but please respond to them respectfully, Swearing, personal abuse, racism, sexism, homophobia and other discriminatory or inciteful language is not acceptable, Do not impersonate other users or reveal private information about third parties, We reserve the right to delete inappropriate posts and ban offending users without notification. They’re also more resistant to dirt and wear, so last longer. You can still use your paper £20 notes for now. They can still be exchanged at … If you find an old tenner in your wallet after that date, you won’t be out of pocket. All old paper £10 notes must be spent by 1 March 2018. Over the last four years, much of British currency has … The old £10 note will be withdrawn from circulation on March 1, 2018 and they can continue to be used up until this point. The British currency has been given an overhaul recently, with new £1 coins, £5 and £10 notes introduced. Until March 1, the old £10 note will continue to be legal tender so can be spent freely. The old note will be withdrawn from circulation in spring 2018. so in fact it is not as urgent as you think Paper £10 notes – which feature a portrait of Charles Darwin – went out of circulation in March 2018. Two weeks ago, estimates from the Bank of … The £10 took slightly less time to … Are you sure you want to mark this comment as inappropriate? This means that from this date, you’ll no longer be able to spend the old paper notes, featuring Charles Darwin. The notes' value will expire on March 1 / PA Archive/PA Images By Martin Coulter 05 … We’ll give you 6 months’ notice of the date you’ll no longer be able to use the paper £20. New $5, $10, $20, $50 and $100 banknotes are now in circulation. What are the Tier 3 rules as London faces new restrictions? Yes, for a limited time. When do old £10 notes go out of circulation? When do old £10 notes go out of circulation? Although our pound is getting weaker in monetary terms, they have been getting stronger against the washing machine since the new plastic notes were released in September this year. The old paper fivers went out of circulation on May 5 last year. TECHNICALLY THEY NEVER EXPIRE THE BANK OF ENGLAND WILL ALWAYS CHANGE OLD NOTES FOR NEW EVEN IN 100 YEARS FROM NOW THE QUESTION YOU REQUIRE A ANSWER TO IS WHEN DO THEY CEASE TO BE LEGAL TENDER IE NOT BEING ABLE TO SPEND IN SHOPS. You can exchange old Bank of England £5, £10, £20 and £50 notes which have been withdrawn from circulation in person or by post. All bank notes issued by the Bank of England retain their face value forever. When will the old £10 go out of circulation? The easiest way to manage your information at Companies House, is online. The Bank does not expect all old £10 notes to be returned, because some will have been destroyed, gone overseas or kept as memorabilia. Both the old £10 note and the old £5 note are no longer in circulation, but if you still have some, there are a number of options. Any old notes that no longer have legal tender status can be exchanged at the Bank of England itself at any time. An ACBI spokesperson said: "We have set a deadline for using paper £5 and £10 notes as 30 September. This means they will not be accepted as a method of payment in shops, bars or retailers after this date as technically, they no longer have any monetary value. Shops will stop accepting notes from the day they officially are withdrawn by the Bank of England. Polymer £20 notes entered circulation in February, replacing the old paper ones. The current £10 note’s picture of Charles Darwin is being replaced with that of Pride and Prejudice author Jane Austen. What will happen to the old tenners after that date? This is what you need to know about when the old notes will expire. Yes, you can still use the old £20 notes as they are accepted as legal tender. According to The Mirror, the old £20 notes are still legal tender and there's currently no rush to spend them either. How to get rid of old £20 notes While you don't need to get rid of your old notes just yet, some of you may be thinking ahead. Find out what to do with old five pound notes in our guide below. Evening Standard would like to keep you informed about offers, events and updates by email, please tick the box if you would like to be contacted. The new polymer £10 banknote was first issued on September 14 2017, to replace the old paper notes, with the new polymer note argued to be stronger, cleaner, safer and harder to counterfeit. British shoppers have just one week left to spend their old paper £10 notes. To help us improve GOV.UK, we’d like to know more about your visit today. But, they don’t have to. The old paper £5 note has already been replaced, and a new polymer £20 banknote will be issued in 2020. Martin Coulter. What to do with old £10 notes you find and the shops that still take them even though they're not legal tender any more Iceland says you're fine … You can find our Community Guidelines in full here. (Image: GETTY) The old-style £10 deadline was March 1, 2018, the Bank of England have confirmed. We use this information to make the website work as well as possible and improve government services. The Bank of England currently hasn’t said when old £20 notes will expire - this means that you can still use old £20 notes if you have any. The old £10 note is set to go out of circulation next week on March 1, 2018. Redeeming Old Banknotes. THE old £10 note is about to go out of circulation and Britons are racing to spend their old paper tenners before the official deadline. We issued a new polymer £10 note on 14 September 2017. And how long will banks accept paper tenners for? And … Yes, for a limited time. On 20 February 2020 we issued a new polymer £20 note. When do the old notes expire? Find out more about our range of digital services to help you file, or search for company details. The UK introduced a brand new plastic £20 note back in February which followed in the footsteps of upgrades made to the £5 and £10 notes. Some banks may allow you to deposit old notes directly into your account. From 1 March, most shops and other businesses will only accept the new polymer or ‘plastic’ £10 notes, featuring Jane Austen. The new banknote features author Jane Austen and will show up in people's wallets and purses over the coming days. "The Northern Ireland note issuing banks will continue to accept old paper-based notes … Gradually, these notes will be withdrawn from circulation as they are banked. The Bank of England hasn’t confirmed if the £50 note will be replaced. Even though the new polymer £20 are also now available and can be withdrawn from cash machines, the old, paper £20 notes can still be used alongside the new ones for the time being. Here is everything you need to know about the new £10 notes and what to do if you still have old ones. Your own bank or the Post Office may exchange withdrawn Bank of England banknotes. When do the old £10 notes expire? That means, even if they announce it tomorrow, you’ll still be able to use the old notes up until at least May 2021. How to change old notes. We will announce the withdrawal date after we have issued our new polymer £20 note. The deadline to use your old Scottish £5 and £10 notes has been set for March 1 - meaning the paper notes will cease to be legal tender after that date. I agree Our site saves small pieces of text information, called “cookies” on your device. Now you will not be able to spend your tenners in shops, retailers or restaurants. All content is available under the Open Government Licence v3.0, except where otherwise stated, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases. Only new £10 banknotes featuring Jane Austen will be legal tender from cut-off date. Old £10 notes will expire on 1 March 2018, says Bank of England This article is more than 2 years old. You’ve accepted all cookies. This is when the Bank of Scotland and Clydesdale £20 polymer notes are launched - and when the old notes expire By Alex Nelson Thursday, 20th February 2020, 12:50 pm … The paper £10 will cease to be legal tender in spring 2018, but the Bank of All bank notes issued by the Bank of England retain their face value forever.