You are here: Home - Saving & Banking - News -

Cut-off date set to spend old £10 notes

0
Written by: Paloma Kubiak
14/11/2017
Anyone with an old paper £10 note will need to spend the cash by the end of 1 March, the Bank of England has confirmed.

The new plastic £10 note featuring author Jane Austen entered circulation on 14 September. Currently both the old paper £10 note featuring Charles Darwin and the polymer note are in circulation.

But the Bank of England (BoE) has confirmed it will withdraw legal tender status of the old Darwin note at 23.59pm on Thursday 1 March 2018, as it continues to remove these notes from circulation.

It added that these notes can still be exchanged at the Bank of England in London after this cut-off date.

As at 3 October 2017, 55% of £10 notes in circulation were made of polymer with an estimated 359 million paper £10 notes in circulation.

A new £20 note featuring artist J.M.W Turner will follow in 2020.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Seven ways to get help with energy bills this winter

We knew today’s announcement was going to be painful, but it’s still a shock to the system. When this kick...

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week