"The Northern Ireland note issuing banks will continue to accept old paper-based notes … Time is ticking for the old paper £10 banknote. That means - at the time of writing - you have until at least April 2021 to spend them in shops. They’re also more resistant to dirt and wear, so last longer. But if all that means you've not quite got round to spending any old, paper, £20 notes - there is some good news. I agree Our site saves small pieces of text information, called “cookies” on your device. Yes, for a limited time. (Image: GETTY) The old-style £10 deadline was March 1, 2018, the Bank of England have confirmed. 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. 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. Paper banknotes of £5, £10 and £20, are being gradually replaced by polymer ones, which are more secure and harder to counterfeit. This is what you need to know about when the old notes will expire. £10 note. On 20 February 2020 we issued a new polymer £20 note. We issued a new polymer £10 note on 14 September 2017. The old £10 notes are set to go out of circulation (Image: Getty). "The Northern Ireland note issuing banks will continue to accept old paper-based notes … 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. What are the Tier 3 rules as London faces new restrictions? The £5 notes were withdrawn in May 2017 and the £10 notes in March 2018, since when they have not been a legally accepted means of payment. The new note, followed the polymer £5 and £10 notes which came out … You can still use your paper £20 notes 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 You can exchange old Bank of England £5, £10, £20 and £50 notes which have been withdrawn from circulation in person or by post. 1k Views. Are you sure you want to delete this comment? You can change your cookie settings at any time. According to The Mirror, the old £20 notes are still legal tender and there's currently no rush to spend them either. Some banks may allow you to deposit old notes directly into your account. 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. Find out what to do with old five pound notes in our guide below. We will announce the withdrawal date after we have issued our new polymer £20 note. ritain’s new plastic £10 note featuring a portrait of author Jane Austen enters circulation today. 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 last day to use your paper £10 notes was 1 March 2018. Businesses take note: the old £10 expires 1 March. 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 … A statement issued by the Bank of England said: “Following the successful launch of the new Jane Austen £10 note on 14 September 2017, we will withdraw legal tender status of the paper £10 note featuring Charles Darwin at 23:59 hrs on Thursday 1 March. Now you will not be able to spend your tenners in shops, retailers or restaurants. We will give six months’ notice of this withdrawal date. Two weeks ago, estimates from the Bank of … The new £10 note featuring Jane Austen Following the introduction of the plastic tenner on September 14, paper £10 notes have been give a use by date of March 1, 2018. 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. Paper £5 notes featuring Elizabeth Fry were withdrawn almost a year earlier in May 2017. These new banknotes also have raised bumps and dots, to help blind and partially-sighted users identify each banknote by touch. However, old notes can still be spent ahead of the cut-off date or exchanged at the Bank once this point has passed. It took the bank about eight and a half months to withdraw the paper £5 from service after new notes were issued. Old £5 notes goes out of circulation: Where can you exchange it? All bank notes issued by the Bank of England retain their face value forever. We’ll give you 6 months’ notice of the date you’ll no longer be able to use the paper £20. Which new tenners are worth a lot of money? Gradually, these notes will be withdrawn from circulation as they are banked. The new note will ultimately replace the paper £20 note, which features the noted economist Adam Smith. The current £10 note’s picture of Charles Darwin is being replaced with that of Pride and Prejudice author Jane Austen. You’ve accepted all cookies. When do old £10 notes go out of circulation? This means that from this date, you’ll no longer be able to spend the old paper notes, featuring Charles Darwin. But, from midnight on 1 March 2018, these old paper notes will stop being legal tender. 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. That means, even if they announce it tomorrow, you’ll still be able to use the old notes up until at least May 2021. 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. 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. The new banknote features author Jane Austen and will show up in people's wallets and purses over the coming days. An ACBI spokesperson said: "We have set a deadline for using paper £5 and £10 notes as 30 September. From Thursday March 1, the notes will no longer be accepted in shops, restaurants and other retailers. Can I still use the old £10 notes? Time is ticking for the old paper £10 banknote. What can you do with the 'old' paper £10 notes after they are withdrawn on 1 March 2018. To help us improve GOV.UK, we’d like to know more about your visit today. 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. You can find our Community Guidelines in full here. When do the old notes expire? Read our full mailing list consent terms here. The exact date on which the old notes will expire has not yet been announced. And how long will banks accept paper tenners for? To give an idea of a likely date, the new £5 note was introduced on September 13, 2016 – nearly one year to today’s release – and the old fiver went out of circulation on Friday, May 5 this year. The paper £10 will cease to be legal tender in spring 2018, but the Bank of Don’t worry we won’t send you spam or share your email address with anyone. 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. Old £10 notes will expire on 1 March 2018, says Bank of England This article is more than 2 years old. 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. Are you sure you want to mark this comment as inappropriate? Here is everything you need to know about the new £10 notes and what to do if you still have old ones. Yes, you can still use the old £20 notes as they are accepted as legal tender. What will happen to the old tenners after that date? Any old notes that no longer have legal tender status can be exchanged at the Bank of England itself at any time. The current £10 note’s picture of Charles Darwin is being replaced with that of Pride and Prejudice author Jane Austen. And how long will banks accept paper tenners for? Paper £10 notes – which feature a portrait of Charles Darwin – went out of circulation in March 2018. The old £10 note has been phased out. The British currency has been given an overhaul recently, with new £1 coins, £5 and £10 notes introduced. The note joins the Churchill £5 and the Austen £10 in the first series of polymer notes. 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? However, old notes can still be exchanged at the Bank now that this point has passed. Redeeming Old Banknotes. This is what you need to know about when the old notes will expire. When do old pound coins and £10 notes expire - we give you the details about the new note and when you can spend it. Martin Coulter. Some retailers, banks and building societies may choose to accept the old notes after this deadline. But when will the old £10 note expire? Frozen foods retailer Iceland said it will continue to accept payment in the paper £10 notes until the close of business on Easter Monday, which falls on April 2. When will the old £10 go out of circulation? The paper £10 note featuring Charles Darwin was issued on 7 November 2000. Counterfeiters do not seem keen on targeting old … The Bank of England has stated that the familiar £10 note we are accustomed to will go out of circulation in spring 2018. Figures from the Bank of England suggest there’s still £2.2 billion of old paper £10 notes in circulation. When do old £10 notes go out of circulation? The easiest way to manage your information at Companies House, is online. An ACBI spokesperson said: "We have set a deadline for using paper £5 and £10 notes as 30 September. And … The Bank of England hasn’t confirmed if the £50 note will be replaced. 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? We’ll send you a link to a feedback form. Old, paper £50 notes will continue to be accepted until the withdrawal rate is announced. Our bank notes From 23rd June 2013, Danske Bank branded £10 and £20 bank notes went into circulation in Northern Ireland. By . the question you require a answer to is when do they cease to be legal tender ie not being able to spend in shops. The old £10 note must be spent by next month when it will cease to be legal tender. We’re advising all businesses to take ‘note’, as there’s just a few days left to spend your old ‘tenners’. Polymer £20 notes entered circulation in February, replacing the old paper ones. The old paper fivers went out of circulation on May 5 last year. If so, you have until Thursday to get rid of them because after March 1st, they will no longer be considered “legal tender”. It will take only 2 minutes to fill in. Just as the date of the expiry of the old round pound coins came upon us all of a sudden, so to will the expiry of your ragged paper ten pounds notes. “The public can continue to use the notes as normal. This is what you need to know about when the old notes will expire. New $5, $10, $20, $50 and $100 banknotes are now in circulation. 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. As with any change in banknote design, all businesses that use cash need to plan and prepare for polymer banknotes. 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. All previous issues of Australian banknotes retain their legal tender status. British shoppers have just one week left to spend their old paper £10 notes. When do the old £10 notes expire? For more information on how to get your business ready, you can visit the Bank of England website. Yes, for a limited time. The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. The new notes ready to enter circulation. 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