V4B Business Finance

Bank of England reveals cut-off date for old £10 note

The Bank of England has announced that the old paper-style £10 will cease to become legal tender on Thursday March 1, 2018.

Following on from the successful transition of the £5 note, the new notes, which launched on September 14 and feature Jane Austen, will become legal tender in just a few months.

The Bank of England stated: ‘We will withdraw legal tender status of the paper £10 note featuring Charles Darwin at 23:59 hrs (GMT) on Thursday 1 March. The public can continue to use the notes as normal as most paper £10 notes will be automatically removed from circulation. 

‘After 1 March 2018, it will still be possible for Charles Darwin notes to be exchanged at the Bank of England.’

Share the Post:

Related Posts

Growth Guarantee Scheme

Transitioning from Recovery Loan Scheme to Growth Guarantee Scheme: What You Need to Know

As the financial landscape evolves, so do the opportunities available to help businesses grow and succeed. On 1st July 2024, the Growth Guarantee Scheme will replace the Recovery Loan Scheme, offering enhanced support and flexibility for UK businesses. With increased loan limits, more flexible terms, and broader eligibility criteria, the Growth Guarantee Scheme is designed to foster long-term business expansion and innovation. At Business Finance V4B, we’re here to guide you through this transition and help you secure the funding needed to achieve your growth ambitions.

Read More

Join Our Newsletter