You can either do this in person or via post. The new 12-sided coin phased out the old round one. Now that the deadline has passed you won't be able to spend your notes in shops or restaurants. Old paper notes are unlikely to fetch very much, but it might be worth hanging onto one to see what it will be worth to collectors in years to come. Famous British artist JMW Turner will be featured on the new £20 notes when they are launched. We pay for your stories! 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. Most banks, including RBS/NatWest, Santander, Barclays, Lloyds Bank, Halifax, Bank of Scotland, HSBC and Nationwide Building society have said they will continue to accept old £10 notes from its own customers. If you live in London they can be exchanged for shiny new polymer ones at the Bank of England. If you still have any old £10 notes, make sure you spend them before 1 March next year. The Bank of England has been phasing out the old notes for the more environmentally friendly polymer notes. Do you have a story for The Sun Online Money team? The note officially went out of circulation on March 2 but some shops decided to ignore the deadline. Frozen foods retailer Iceland accepted payment in the paper £10 notes until the close of business on Easter Monday, while Aldi extended the deadline until Good Friday (March 30), and Morrisons shoppers used their old tenners until March 16 - two weeks after the Royal Mint's deadline. All existing polymer banknotes can continue to be used as both versions of the $5, $10, $20, $50 and $100 banknotes will be in circulation for a number of years. If you live in London they can be exchanged for shiny new polymer ones at the Bank of England. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. The £5 notes were withdrawn in May 2017 and the £10 notes in March 2018, since when they have not been a legally accepted means of payment. Turner was selected after Bank of England governor Mark Carney asked the public to nominate a deceased cultural figure. And a few shops ignored the deadline and decided to continue accepting the old tenners for a little bit longer. 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 Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. NOW that old paper notes have officially ceased being legal tender, we take a look at what old and new notes are worth. 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. 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. We issued a new polymer £10 note on 14 September 2017. But for now, paper £20 notes can still be used. Even then, they are usually selling for double their value. Here's all the important information on the old and new tenners and how you can still use your old notes. Exchanging old notes. New notes were expected to be popular with collectors but its only those with low serial numbers - AA01 - that are sought after. Figures from the Bank of England suggest there’s still £2.2 billion of old paper £10 notes in circulation. RBS/NatWest has said it will continue to accept old £10 notes from its own customers after March 1. Are the old Euro banknotes still valid, and how can you exchange them? Here's a guide on what to do if you are still holding on to the old notes. if you post it to The Bank of England, you do so at the “sender’s risk”. If you are exchanging large amounts of old £10 notes, you may be asked to provide identification, such as a passport or driving licence. However, if you do still have old £10 notes after this date, fear not. To see all content on The Sun, please use the Site Map. The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. 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 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. However, old notes can still … When did the old £10 go out of circulation? On 20 February 2020 we issued a new polymer £20 note. The new tenner will be followed by a new £20 note which will feature the British painter JMW Turner. The Bank of England has already issued polymer £5 and £10 notes - … From March 2017 new £1 coins were introduced as currency in the UK. Your bank will also let you deposit them as long as you have an account. If you are exchanging large amounts of old £10 notes, you may be asked to provide identification, such as a passport or driving licence. 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. If you do still have old £10 notes after this date, there’s no need to panic. As of today, retailers and banks no longer have to accept them as legal tender. 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. First published February 10, 2020. When do the old £20 notes expire? IF you've still got a paper £10 note then don't worry, there's still a way to spend or bank them. The artist was an English landscape painter and is world-renowned for his oil paintings of the English countryside. The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. Even after then you can still exchange them for new £20 notes. The final day to use your old notes is March 1st 2018. What can I do with my old £10 notes after this date? It is possible that a high street bank will stop exchanging them after the cut-off date but The Bank of England is legally obliged to. Many banks will accept withdrawn notes as deposits from customers. To inquire about a licence to reproduce material, visit our Syndication site. To see all content on The Sun, please use the Site Map. Independent Press Standards Organisation (IPSO). A new polymer £20 note featuring JM Turner will be issued in 2020 replacing the current paper notes. You can also exchange them at the Bank of England in person or via post. New $5, $10, $20, $50 and $100 banknotes are now in circulation. Although the new tenners came in last year until the deadline the paper money continued to be legal tender so could be spent freely. They can still be exchanged at … Some banks may allow you to deposit old notes directly into your account. The polymer tenners have been in circulation since September 2017. To inquire about a licence to reproduce material, visit our Syndication site. We will announce the withdrawal date after we have issued our new polymer £20 note. Polymer banknotes also last longer, so they are more environmentally friendly than paper banknotes. You will need to be an account holder with the bank you want to exchange them at for them to exchange the note.'. However, old notes can still be exchanged at the Bank now that this point has passed. The old paper fivers went out of circulation on May 5 last year, and there will be new polymer twenty pound notes in 2020. The new polymer tenner launched in September last year and you can't spend the old tenners in shops anymore. The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this." 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. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. Although if you post it to The Bank of England, you do so at the “sender’s risk”. The paper £10 note featuring Charles Darwin was issued on 7 November 2000. Production of the new £10 note began last August. 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. The website reads: ‘On 20 February 2020 we issued a new polymer £20 note. Independent Press Standards Organisation (IPSO). THE Bank of England launched its new state-of-the-art £10 polymer note in late 2017. The old £10 note has been phased out. Currently, weekly returns of paper £10s are averaging at a value of £85m or 8.5 million notes, according to the Bank. View our online Press Pack. You can use your local Post Office to deposit the old tenners into your bank account too. "We have set a deadline for using paper £5 and £10 notes as 1st March. We issued a new polymer £10 note on 14 September 2017. You can … Here's what's happening and what you can do if you miss the deadline. Some shops decided to ignore the deadline, including Iceland, Aldi and Morrisons. If you are exchanging large amounts of old £10 notes, you may be asked to provide identification, such as a passport or driving licence. Don't forget to join the Sun Money's Facebook group for the latest bargains and money-saving advice. More than a year after they ceased to be legal tender, there are still £1.5bn-worth of paper £5 and £10 notes that haven’t been cashed in. less than the thousands of pounds that some people had hoped. 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. For other inquiries, Contact Us. Yes, you are still be able to use the paper £20 note until they are withdrawn them from circulation. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. Email us at money@the-sun.co.uk or call 0207 78 24516. Two weeks ago, estimates from the Bank of England showed there was still … The old paper fivers went out of circulation on May 5 last year. The rollout of the Second Series of Euro banknotes was completed in May 2019. We will give six months’ notice of this withdrawal date. You will still be able to use the paper £20 note until we withdraw it from circulation. 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 old tenners have gone out of circulation, The Bank of England released a new tenner last year to replace the old one, ​Bank ​of England unveil the key security features on the new £10 'Jane Austen' note, ignored the deadline and decided to continue accepting the old tenners. That means, even if they announce it tomorrow, you’ll still be able to use the old notes up until at least July 2021. 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. Alternatively you can use a Post Office to deposit the old notes into your account. You can exchange old Bank of England £5, £10, £20 and £50 notes which have been withdrawn from circulation in person or by post. People can also take their old £10 notes to the Post Office, which is also still accepting account deposits of the old "round pounds" and old paper Bank of England fivers. The last day to use your paper £10 notes was 1 March 2018. View our online Press Pack. After this date they are technically no longer legal tender and not worth anything. According to the Bank of England, it plans to give six months' notice before the paper £20 is taken out of use. Will I still be able to use my old notes? 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. The new polymer currency was released into circulation on September 14, 2017,  and features author Jane Austen. The new ten pound notes feature a picture of Jane Austen and are waterproof and more durable than the old paper notes. For other inquiries, Contact Us. A lot less than the thousands of pounds that some people had hoped. Old £10 notes: £2.1bn still in circulation as deadline to spend them approaches. You will need to be an account holder with the bank for them to exchange the note. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. To exchange an old tenner, people can either post the notes to the Bank … Your own bank or the Post Office may exchange withdrawn Bank of England banknotes. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Bank of England paper £10 notes cease to be legal tender on March 1. Summer reissue: Alex Casey goes on a hunt to find the rarest $10 note in the land. 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