Old £10 notes: £2.1bn still in circulation as deadline to spend them approaches. “Better still, you don't have to use all the vouchers in one go and they can be used by different people – so ideal for families or a group of mates. Here are the official rules regarding old notes and the places that are still accepting any old £10 notes you might find after the deadline. What will happen to the old tenners after that date? Published: 14:34 EST, 1 March 2018 | Updated: 14:34 EST, 1 March 2018. “We have set a deadline for using paper £5 and £10 notes as September 30. You can exchange old Bank of England £5, £10, £20 and £50 notes which have been withdrawn from circulation in person or by post. By Sebastian Kettley - Photo - When do old £10 notes go out of circulation? The paper note was first introduced in November 2000, but was upgraded to a polymer note in September 2017 because it is more secure and environmentally friendlier. But when will the old £10 note expire? Yes, you can still use the old £20 notes as they are accepted as legal tender. Shops stopped accepting old paper £10 notes a year ago and old paper £5 notes back in May 2017. However, the Bank of England warns that exchanging notes by post is done ‘at your own risk, so please make sure you take appropriate measures to insure against loss or theft.’. order back issues and use the historic Daily Express If the person’s money is over £1,000 you must bring your ID, the letter of authorisation and payment instructions, as well as a copy of the owner’s ID and proof of address. If the amount you’re exchanging is under £999 and is your money, then you may not need to bring ID. “From Thursday 1 March shops will no longer accept it as payment, as they were replaced with newer plastic tenners last year. Here is all the information on what to do with the old £10 notes after the March 1 deadline. The comments below have not been moderated. 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. So, if you’re currently a British Gas customer, and are determined to stick with it, this is a no-brainer. The old-style £10 deadline was March 1, 2018, the Bank of England have confirmed. Last week, Martin Lewis explained how to save 50 per cent on supermarket groceries using a simple aisle trick. The Bank of England will withdraw the old £10 notes on March 1, 2018, meaning that they won’t be accepted in most places. Proof the Pfizer Covid vaccine works in the real world? Take them to your bank The notes, featuring Charles Darwin, were introduced on 7 … Martin told viewers last Thursday: “If you’ve got an old-style £10 note you only have a week left to use it. You must also bring a copy of the representative’s ID and their proof of address. Old paper £10 notes will cease to be legal tender after Wednesday 28 February, yet an estimated £2.1bn worth of the old notes are still thought to be in circulation. However, Martin said there’s still a solution “if you find any in your pockets or down the back of the sofa after next Thursday. Martin Lewis, Money Saving Expert, 45, warned the deadline for using up your old 10 pound notes is coming upon Thursday this week. What with all the excitement surrounding the Royal Mint’s new 10p coins, it’s easy to forget that March 1, 2018 marks the last day you can use the old Charles Darwin paper £10 notes. Martin Lewis: Money Expert reveals the best credit card, Martin Lewis reveals how to save money for children, Martin Lewis: He issued a 10 pound note warning for next week, Martin Lewis: The banks will switch to the polymer new £10 note, Martin Lewis: He also explained how to save on cinema tickets, Martin Lewis explained how to save 50 per cent on supermarket groceries, Martin Lewis: Reclaim up to £40,000 on PPI thanks to THIS rule change. W hen the round pound was phased out last year many shops agreed to accept them beyond the deadline. The Post Office says its 11,500 branches will deposit the old £10 notes but not exchange them. Now the £20 note has had the same treatment, with an updated version featuring the artist JMW Turner, launched in February 2020 All old paper £10 notes must be spent by 1 March 2018. The Bank of England says that other institutions such as retailers, banks and building societies may accept the old £10 notes, however it is at 'their discretion'. “For example, at London's Tottenham Court Road Odeon, you could save around £12 for an adult ticket as they're up to £16.50 each, whereas in Dorchester, the price is only £3.75 for some showings.”. We will use your email address only for sending you newsletters. Businesses take note: the old £10 expires 1 March. Now you will not be able to spend your tenners in shops, retailers or restaurants. 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"It’s is only available via a comparison site (like the ones listed above). “While you can’t use them in shops many banks will still let you deposit them into your account – though there’s no obligation for them to do so. The main way is exchanging them in person at the Bank of England’s address: Threadneedle Street, London, EC2R 8AH. Israeli healthcare group says coronavirus infections have PLUNGED by at least 60% among vaccinated over-60s, COVID-19 positivity rate tops 10 percent in nearly a THIRD of all NYC zip codes as Gov. The letter should be sent to: Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH. If the money belongs to a business, then, irrespective of amount, you must bring an original photo ID of you, your proof of address as well as an original letter of authority that names you and is signed by a company representative on headed paper. The Bank of England says returns of old tenners are running at around £85m worth per week. "Yet British Gas has launched a new dual fuel tariff called ‘All Online March 19’, that while not the cheapest on the market is far cheaper than any of its current tariffs and it’s the cheapest of the Big 6. But old bank notes retain their value for all time, so while you can no longer spend them on the high street, you can return them to the Bank of England, or most major banks if you're a customer, and get a new polymer banknote in exchange. He also offered the following advice for how to save on average £200 a year on your British Gas tariff: "Many people are loyal to their energy company, 60% are stuck on their most expensive tariffs and still do nothing. ; From that point onwards, the old £10 notes … The aforementioned letter must include: The old £10 notes can be exchanged by post. Time is ticking for the old paper £10 banknote. Yet, if you’re willing to switch to a small supplier with limited feedback, then your savings can be bigger, and tariffs start from a typical £807/yr on average use.". However, don’t go throwing the old notes away, they aren’t worthless and it is possible to exchange them. And as the biggest firm, more stick with British Gas than anywhere else. Then a year later, the £10 note went out of circulation and people were encouraged to spend the paper note as soon as possible. Paper £5 notes featuring Elizabeth Fry were withdrawn almost a year earlier in May 2017. As to why you simply cannot exchange new for old before the deadline, the Bank of England says: 'Agreeing to exchange notes is at the discretion of the individual institution.' A Reserve Bank official said that the old 100, 10 and 5 notes will be withdrawn from circulation within the next few months. However, it is closed on weekends. Paper £10 notes – which feature a portrait of Charles Darwin – went out of circulation in March 2018. Martin Lewis also had some further advice for saving money on Odeon cinema tickets. The old £10 note lost its legal tender status on March1, 2018 and the polymer note replaced it. "Of course you’ll know I would desperately encourage you to do a comparison and find a cheaper deal use Martin’s Cheap Energy Club (which also gives cashback) or any Ofgem-approved site and scroll down the list of results till you see a provider you feel comfortable with, and the savings are typically £300/year. 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. If you still have any hanging around, these are the ways you can turn them into money you can actually spend. The paper £5 and £10 notes are long out of circulation, having been replaced by polymer versions in the past few years. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. PETER WALKER: Are slim people ALWAYS fitter than fatties? When the RBI announces it, there will be enough time to change the note. Play it now! A faulty £1 coin which has the 2016 date on one side and 2017 in micro-inscriptions around the edge of the reverse is worth £3,000 [Getty Images], From Thursday 1 March shops will no longer accept it as payment, as they were replaced with newer plastic tenners last year. The paper £10 note featuring Charles Darwin was issued on 7 November 2000. The last day to use your paper £10 notes was 1 March 2018. The last day to use them is 1 March 2018. pic.twitter.com/BSSLuwSW7K. 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 Bank of England will withdraw the old £10 notes on March 1, 2018, meaning that they won’t be accepted in most places. Sunday, 24th January 2021 See today's front and back pages, download the newspaper, “It’s worth noting though, that a full-price adult ticket for a 2D film at Odeon can cost anything between £3-£17ish depending on location, so it's only worth getting these discounted tickets if you usually pay more than around £4-£5 per ticket. Yes, as a NatWest Bank customer you can swap, or deposit into your account, out of circulation coins/notes and replace them with new ones. The new polymer £10 note with Jane Austen went into circulation in September 2017. However, any amount over £1,000 that belongs to you must be supported with original photo ID and proof of address. You'll also need to book a free smart meter installation appointment by 31 July - these send automatic readings, so you get exact bills. Martin Lewis: How can you claim you power of attorney refund? The envelope must include the old notes and copies of your ID. The old 10 pound note will go out of circulation after being replaced by a new polymer 10 pound, which was released last September. If you’re exchanging any amount under £999 that does not belong to you, you must bring an original letter authorising you to exchange and stating how they would like to be paid. Old paper £10 notes will go out of circulation by the end of today, after which they will cease to be legal tender in shops. Discover the deadline for spending old notes and how long banks will accept them for That’s because the Bank of England has said that old £20 notes are still being considered legal tender. Registered office in country of incorporation. The new £20 notes are already circulating but a deadline hadn’t yet been set. The old fivers went out of circulation in May last year. When it does happen, there'll be a similar adjustment period as when the new £5 and £10 notes were introduced, but if you miss the deadline for spending your old notes again, you’ll still be able to get them exchanged by the Bank of England. We are no longer accepting comments on this article. What to do if you have old £5 or £10 notes How to Change Old £5 and £10 Notes. Business owners issue desperate appeal for aid after pandemic and anti-Asian racism has decimated Chinatown in New York, San Francisco and Seattle, Shocking moment cop car runs over man and miraculously leaves him with just minor injuries after angry crowd surrounded the vehicle as police tried to stop a Fast and Furious style burnout, How letters nearly put paid to David Lean's version of A Passage To India amid concerns from the executors of E.M. 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From that point onwards, the old £10 notes will not be accepted in shops – so use yours up quickly, he advised. The Bank of England can either replace the old £10 notes with the new polymer ones or transfer money to your bank account. However, there is no need to panic. He said: “Go online to daily deals site Groupon and you can currently get five Odeon cinema tickets for £20, or two for £10. ... Everything you need to know about Self Assessment tax return as the deadline … "It’s on average £900/yr for typical dual-fuel use compared with its £1,100/yr standard tariff which most people are on and that price is locked in for a year so no price hikes. Martin Lewis issued a last minute £10 note warning to viewers across the UK. If it’s the latter and the bank account is abroad, the Bank will need a BIC/SWIFT Code as well as the IBAN number. They are longer legal tender. The counter is open Monday to Friday between 9am and 4pm. But you can’t just ask for it or go to its website. So what can you do with these old coins and notes? Polymer notes account for 80% of £10 and 90% of £5 notes currently in circulation according to the Committee of Scottish Bankers. “We have set a deadline for using paper £5 and £10 notes as September 30. The old style £10 notes must be spent by 1 March next year, the Bank of England has confirmed. Please see our Privacy Notice for details of your data protection rights. Aldi will accept old paper £10 notes until March 30, while Morrisons shoppers have until March 16. Martin Lewis: Use THIS supermarket trick to pay 50 per cent less. After this date, the Bank of England will withdraw them and only the new £10 polymer notes with Jane Austen on the back will be accepted. The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. Find out how long you have left to spend your old £10 notes and what you can do with them after this date. £2bn of old paper £10 notes still in circulation as deadline nears. 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Speaking on ITV show Good Morning Britain, he reminded viewers their time to use the notes was limited. Paper £10 notes are being withdrawn. "We have set a deadline for using paper £5 and £10 notes as 1st March. From 1 March, paper tenners featuring the head of Charles Darwin will no longer be valid in UK shops. In 2016, people were given a deadline to spend old £5 bank notes before they went out of circulation. The new £20 note will enter circulation by 2020 and as with the next £5 and £10 notes will be printed on polymer (Photo: Bank of England/PA Wire) How long is the old £20 note valid for? We issued a new polymer £10 note on 14 September 2017. After that point, it will be more difficult to spend them – as shops will not accept the notes. 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. What happens after the March 1st, 2018 £10 deadline? The paper £5 note was the first banknote to be overhauled to a polymer version featuring Sir Winston Churchill in 2016, and the £10 note followed in 2017 with an image of Jane Austen. “While there’s an unlimited number of tickets available, the deal will run until Friday 20 April, although Groupon says it could pull the deal early if it becomes too popular, as it has done with a similar offer in the past. newspaper archive. Farm Heroes Saga, the #4 Game on iTunes. The deadline to spend or exchange old £10 notes - featuring naturalist Charles Darwin - is 1 March. When did the old £10 go out of circulation? All Royal Bank of Scotland and Ulster banknotes (as with all Scottish and Northern Irish banknotes) remain legal currency, will not be withdrawn from circulation in the same way as the Bank of England notes, and have no end date for acceptance. “A few costly central London cinemas are excluded (Leicester Square, The Lounge at Whiteleys and BFI IMAX) and a few movies are excluded until certain dates, eg you can't use it on screenings of Black Panther until 1 March. New study by Boston researchers says you can blame it on your ethnicity. However, the Bank of England says more than a quarter of the old Charles Darwin £10 notes are still in circulation – that’s £2.1bn-worth – so you may well have one in your wallet or at home. What to do with old bank notes. 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