Home NEWS Business Old paper £10 notes will cease to be legal tender in March 2018, Bank of England says

Old paper £10 notes will cease to be legal tender in March 2018, Bank of England says

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The old paper £10 note featuring Charles Darwin will expire shortly before midnight on March 1, 2018, the Bank of England has announced.

From that date on, only the new, polymer £10 notes featuring Jane Austen will be legal tender. However, the Bank said that while the old notes will not be accepted in shops and other businesses from March 1, it will still be possible for Charles Darwin notes to be exchanged at the Bank of England.

This is a service that is free of charge and can be done either by post or in person. 

The Bank added that the public can continue to use the old notes as normal as most paper £10 notes will be automatically removed from circulation. As of October 3, 55pc of £10 notes in circulation were polymer.

Paper bank notes – £5, £10 and £20 – are slowly being replaced by plastic notes, which are more secure and harder to counterfeit, more resistant to dirt and more durable. 

The paper fiver is no longer legal tender, and the old £10 note will be withdrawn from circulation next Spring.



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