Published: Wed, November 15, 2017
Money | By Armando Alvarado

Bank of England reveals deadline day for swapping old £10 notes

Bank of England reveals deadline day for swapping old £10 notes

Retailers, banks and other institutions can refuse to accept the old-style notes beyond the deadline, although it will still be possible for shoppers to exchange them for the new £10 note featuring Jane Austen at the Bank of England.

This morning the Bank said one minute before midnight on 1 March is the date on which the old £10 note, featuring Charles Darwin, will have its legal tender status withdrawn - although it added the note will still be exchanged at the Bank of England. You can do it in person or send it to the address below.

Like the £5 note already in circulation featuring Sir Winston Churchill, the new £10 banknote is made from polymer, which is more durable and expected to last five years in total.

Your local bank may also swap it for you.

Plastic £20 notes are set to come into circulation from next year.

The new £10 note was introduced in September this year
The new £10 note was introduced in September this year

Around 55 per cent of £10 notes now in circulation are the polymer version, while the remaining 359 million are paper "old style" notes.

However, the new notes have drawn criticism from vegans and religious groups across England and Wales for containing traces of tallow, an animal by-product of beef or mutton fat.

They also have an inscription in raised dots that helps blind and partially-sighted users to identify them.

The old style £5 notes went out of circulation in May, while the old round £1 coin is also no longer legal tender.

Department NEX, Bank of England, Threadneedle Street, London, EC2R 8AH.

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