Use them or lose them - What to do with your paper 10 notes

31 January 2018

The Bank of England recently announced that the paper £10 notes will cease to be legal tender as of Thursday 1st March 2018. The new polymer £10 notes, which have been in circulation since September 2017, follows trend with the £5 note having fully converted to polymer in August 2017.

 

Frequently Asked Questions:

 

Why is the paper £10 note being replaced?

The polymer note has been in circulation since the introduction of the new £5 note in September 2016. The polymer note carries many practical benefits, with stronger security features making them harder to counterfeit:

-       Polymer notes are waterproof

-       Polymer notes are cleaner, water and dirt resistant, allowing them to stay in circulation up to 2.5 times longer

-       The new polymer note is 100% recyclable

 

What do I do with the paper notes before March 1st?

Before the March 1st deadline, you’re free to spend your paper £10 notes as you wish. If you do wish to have your notes changed, visit your bank, building society or Post Office, who can exchange your paper note for a polymer note.

If you receive a paper £10 note as change, you can ask that your change is given in coin, or with a polymer note.


What happens if I still have paper notes after the deadline?

After March 1st, you will be unable to spend your paper £10 note in shops. To swap the old notes into new tender, simply visit your bank, building society or Post Office to exchange for the new polymer notes, or to deposit into your account. You will need to be the main account holder to make the deposit.

 
 


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