Your own bank or the Post Office may exchange withdrawn Bank of England banknotes. We issued a new polymer £10 note on 14 September 2017. On 20 February 2020 we issued a new polymer £20 note. Independent Press Standards Organisation (IPSO). You will need to be an account holder with the bank for them to exchange the note. When did the old £10 go out of circulation? Although if you post it to The Bank of England, you do so at the “sender’s risk”. From March 2017 new £1 coins were introduced as currency in the UK. The new 12-sided coin phased out the old round one. Third of Brits wear knock-off gear to help save cash, figures reveal, Thousands on Universal Credit payments may get £62 less this month, Iceland is selling 'takeaway' burgers that look just like McDonald’s Big Macs, Self-employed will have to wait for March Budget to find out about cash support, Cost of filling up rises by £2 in a month as petrol prices soar, ©News Group Newspapers Limited in England No. The Bank of England says 94 million paper tenners and 118 million paper fivers haven’t been handed in, even though they can still be exchanged at face value. The £5 notes were withdrawn in May 2017 and the £10 notes in March 2018, since when they have not been a legally accepted means of payment. To exchange an old tenner, people can either post the notes to the Bank … If you are exchanging large amounts of old £10 notes, you may be asked to provide identification, such as a passport or driving licence. If you want to swap the paper notes over for the new polymer notes you will have to make the trip to your bank, building society or Post Office. The last day to use your paper £10 notes was 1 March 2018. Here's a guide on what to do if you are still holding on to the old notes. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. The old £10 note has been phased out. You can use your local Post Office to deposit the old tenners into your bank account too. You can use your local Post Office to deposit the old tenners into your bank account too. You will still be able to use the paper £20 note until we withdraw it from circulation. Even after then you can still exchange them for new £20 notes. What can I do with my old £10 notes after this date? The artist was an English landscape painter and is world-renowned for his oil paintings of the English countryside. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Comments are subject to our community guidelines, which can be viewed, The note officially went out of circulation on March 2. shops decided to ignore the deadline, including Iceland, Aldi and Morrisons. You can either do this in person or via post. To see all content on The Sun, please use the Site Map. We pay for your stories! However, old notes can still … Old £10 notes: £2.1bn still in circulation as deadline to spend them approaches. Yes, you are still be able to use the paper £20 note until they are withdrawn them from circulation. You can … Here's all the important information on the old and new tenners and how you can still use your old notes. New $5, $10, $20, $50 and $100 banknotes are now in circulation. less than the thousands of pounds that some people had hoped. if you post it to The Bank of England, you do so at the “sender’s risk”. If you still have any old £10 notes, make sure you spend them before 1 March next year. Here's what's happening and what you can do if you miss the deadline. The Bank of England is yet to set a date for when the old £20 notes will no longer be valid, meaning you can still use them freely for now. You can exchange old Bank of England £5, £10, £20 and £50 notes which have been withdrawn from circulation in person or by post. The new polymer currency was released into circulation on September 14, 2017,  and features author Jane Austen. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. View our online Press Pack. The old paper fivers went out of circulation on May 5 last year. Some shops decided to ignore the deadline, including Iceland, Aldi and Morrisons. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. If you've still got any old £10 notes, beware – you only have until Thursday 1 March to spend them before they're officially withdrawn by the Bank of England. If you live in London they can be exchanged for shiny new polymer ones at the Bank of England. The Bank of England has been phasing out the old notes for the more environmentally friendly polymer notes. To see all content on The Sun, please use the Site Map. Currently, weekly returns of paper £10s are averaging at a value of £85m or 8.5 million notes, according to the Bank. The paper £10 note featuring Charles Darwin was issued on 7 November 2000. If you are exchanging large amounts of old £10 notes, you may be asked to provide identification, such as a passport or driving licence. Alternatively you can use a Post Office to deposit the old notes into your account. That means, even if they announce it tomorrow, you’ll still be able to use the old notes up until at least July 2021. After this date they are technically no longer legal tender and not worth anything. IF you've still got a paper £10 note then don't worry, there's still a way to spend or bank them. The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. A new polymer £20 note featuring JM Turner will be issued in 2020 replacing the current paper notes. The old paper fivers went out of circulation on May 5 last year, and there will be new polymer twenty pound notes in 2020. View our online Press Pack. Two weeks ago, estimates from the Bank of England showed there was still … Email us at money@the-sun.co.uk or call 0207 78 24516. According to the Bank of England, it plans to give six months' notice before the paper £20 is taken out of use. Third of Brits wear knock-off gear to help save cash, figures reveal, Thousands on Universal Credit payments may get £62 less this month, Iceland is selling 'takeaway' burgers that look just like McDonald’s Big Macs, Self-employed will have to wait for March Budget to find out about cash support, Cost of filling up rises by £2 in a month as petrol prices soar, ©News Group Newspapers Limited in England No. However, old notes can still be exchanged at the Bank now that this point has passed. New notes were expected to be popular with collectors but its only those with low serial numbers - AA01 - that are sought after. Although the new tenners came in last year until the deadline the paper money continued to be legal tender so could be spent freely. Do you have a story for The Sun Online Money team? If you want to swap the old notes over for new tender you will have to make the trip to a bank, building society or Post Office. When do the old £20 notes expire? The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this." Your bank will also let you deposit them as long as you have an account. The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. To inquire about a licence to reproduce material, visit our Syndication site. 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. If you live in London they can be exchanged for shiny new polymer ones at the Bank of England. Bank of England paper £10 notes cease to be legal tender on March 1. The First Series of Euro banknotes from €5 to €500, issued since 2002, is being replaced by the newer set of euro banknotes from €5 to €200. While we currently have some of the old paper and plenty of the old plastic in our wallets, you will still be able to use £10 notes into 2018. The rollout of the Second Series of Euro banknotes was completed in May 2019. Figures from the Bank of England suggest there’s still £2.2 billion of old paper £10 notes in circulation. However, if you do still have old £10 notes after this date, fear not. You will need to be an account holder with the bank you want to exchange them at for them to exchange the note.'. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. Production of the new £10 note began last August. For other inquiries, Contact Us. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. "We have set a deadline for using paper £5 and £10 notes as 1st March. Turner was selected after Bank of England governor Mark Carney asked the public to nominate a deceased cultural figure. 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