When do the old notes expire? This is what you need to know about when the old notes will expire. But, they don’t have to. The £10 took slightly less time to … Counterfeiters do not seem keen on targeting old … This is what you need to know about when the old notes will expire. We use this information to make the website work as well as possible and improve government services. If you still have any hanging around, these are the ways you … And … 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. It will take only 2 minutes to fill in. Are you sure you want to mark this comment as inappropriate? All old paper £10 notes must be spent by 1 March 2018. 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. The note joins the Churchill £5 and the Austen £10 in the first series of polymer notes. Luckily though, old money notes don’t just expire out of the blue. All old paper £10 notes must be spent by 1 March 2018. The old £10 note will be withdrawn from circulation on March 1, 2018 and they can continue to be used up until this point. 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. That means - at the time of writing - you have until at least April 2021 to spend them in shops. During a period of dual circulation, both the old-fashioned and the new tenners will be accepted by retailers and businesses. Some banks may allow you to deposit old notes directly into your account. 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. By . Gradually, these notes will be withdrawn from circulation as they are banked. Only new £10 banknotes featuring Jane Austen will be legal tender from cut-off date. 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? 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. 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. This means that from this date, you’ll no longer be able to spend the old paper notes, featuring Charles Darwin. Old £5 notes goes out of circulation: Where can you exchange it? On 27 February 2019 we introduced our polymer £10 bank note followed by our polymer £20 bank note The exact date on which the old notes will expire has not yet been announced. How to change old notes. When do the old £10 notes expire? The old £10 note has been phased out. Figures from the Bank of England suggest there’s still £2.2 billion of old paper £10 notes in circulation. As of today, retailers and banks no longer have to accept them as legal tender. If so, you have until Thursday to get rid of them because after March 1st, they will no longer be considered “legal tender”. Here is everything you need to know about the new £10 notes and what to do if you still have old ones. Polymer £20 notes entered circulation in February, replacing the old paper ones. They can still be exchanged at … What to do with old £10 notes you find and the shops that still take them even though they're not legal tender any more Iceland says you're fine … Find out more about our range of digital services to help you file, or search for company details. All bank notes issued by the Bank of England retain their face value forever. No date has yet been set, but the Bank of England said people will be told at least three months before expiration. The old paper £5 note has already been replaced, and a new polymer £20 banknote will be issued in 2020. The notes' value will expire on March 1 / PA Archive/PA Images. The Bank of England has said that unspent, paper, £20 notes are still legal tender. Exchanging old notes. The paper £10 will cease to be legal tender in spring 2018, but the Bank of You will still be able to use the paper £20 note until we withdraw it from circulation. 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? Don’t include personal or financial information like your National Insurance number or credit card details. But when will the old £10 note expire? Martin Coulter. 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. Find out what to do with old five pound notes in our guide below. Businesses take note: the old £10 expires 1 March. ritain’s new plastic £10 note featuring a portrait of author Jane Austen enters circulation today. (Image: GETTY) The old-style £10 deadline was March 1, 2018, the Bank of England have confirmed. Paper banknotes of £5, £10 and £20, are being gradually replaced by polymer ones, which are more secure and harder to counterfeit. Two weeks ago, estimates from the Bank of … British shoppers have just one week left to spend their old paper £10 notes. According to The Mirror, the old £20 notes are still legal tender and there's currently no rush to spend them either. You can still use your paper £20 notes for now. I agree Our site saves small pieces of text information, called “cookies” on your device. 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