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.’

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