And I had notes dating back to the early 1990's. At this time there may be a delay in processing your exchange. Yes, for a limited time. All Royal Bank of Scotland and Ulster banknotes (as with all Scottish and Northern Irish banknotes) remain legal currency, will not be withdrawn from circulation in the same way as the Bank of England notes, and have no end date for acceptance. Threadneedle Street Email us at money@the-sun.co.uk or call 0207 78 24516. No; all Bank of England notes whether legal tender or not retain their face value for all time. This is necessary for the performance of a task carried out in the public interest or in the exercise of our official authority as the Central Bank of the United Kingdom. The artist was an English landscape painter and is world-renowned for his oil paintings of the English countryside. I was a bit confused but thought nothing of it. You can use your local Post Office to deposit the old tenners into your bank account too. Bank of England paper £10 notes cease to be legal tender on March 1. Alternatively, exchange them with us by post, business banknote exchanges application form. To check what we accept please see ‘Identification and proof of address’ below. You can also send them by post. Without this data, we cannot process your application. Both the old £10 note and the old £5 note are no longer in circulation, but if you still have some, there are a number of options. You can still use your paper £20 notes for now. Please complete a postal exchange form for individuals or businesses (available below). To exchange your banknotes by post, please fill out the business banknote exchanges application form Opens in a new window Opens in a new window and send it to us along with: We accept the following identity documents and reserve the right to request identification and proof of address for an exchange of any value: We accept the following as proof of address: We may keep your banknotes to carry out additional checks if we need to. valid photo card driving licence (full or provisional), national identity card (if you are a non-UK national), valid photocard driving licence (full or provisional) – if you haven’t used this as proof of ID, utility bill or certificate from utility supplier (dated within the past six months), Council Tax bill (dated within the past six months), bank, building society or credit union statement or passbook (dated within the past six months), local council rent card or tenancy agreement, benefits book or letter from the benefits agency (dated within the past six months), telephone bill (excluding mobile phones, dated within the past six months), credit card bill (dated within the past six months), HM Revenue and Customs tax notification (dated within the past six months), Jobcentre Plus letter confirming your National Insurance number. I have old 5 pound and old 10 pound notes. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. "The Scottish note-issuing banks will continue to accept old paper-based notes and there are currently no plans to change this." We can pay your money into a bank account (normally within ten working days), by cheque or, if you live in the UK and your exchange is worth less than £50, in new banknotes. The old ten pound notes ceased to be legal tender on 1 March 2018. To exchange your banknotes by post, please fill out the banknote exchanges application form Opens in a new window Opens in a new window and send it to us with the banknotes along with copies of your photo ID and proof of address. However, we exchange pre-Euro Irish Pound banknotes for free. We pay for your stories! We collect your personal data to assess your banknote application (in a way that complies with applicable laws and regulations, including Anti Money Laundering regulations) and to allow us to reimburse you the face value of your banknotes. We have issued a new £20 note made of polymer. We also give cash for Irish Pound coins. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. However, we give cash for these withdrawn Bank of Scotland banknotes free of charge. To do this, you’ll need to print and complete a form from the Bank of England’s website and include a scan of your photo ID and proof of address. It's been a few months now since the new £10 note hit the streets. Press Spacebar or Enter to select, This page was last updated 04 January 2021, Your own bank or the Post Office may exchange withdrawn Bank of England banknotes. A covering letter on headed company paper containing the following: registered office in country of incorporation. We’ll give you 6 months’ notice of the date you’ll no longer be able to use the paper £20. If we are unable to make an electronic payment, we will send a sterling cheque payable to you. Yes, as a NatWest Bank customer you can swap, or deposit into your account, out of circulation coins/notes and replace them with new ones. RBS/NatWest has said … A copy of photo ID and proof of address for the person signing the covering letter. Don't forget to join the Sun Money's Facebook group for the latest bargains and money-saving advice. Similarly, you can do so with your old £5 notes and pound coins if you still have some of those sitting in your piggy bank. This means you can take your old £10 notes to a bank, building society or Post Office and exchange them for a new polymer version. Many banks will accept withdrawn notes as deposits from customers. The old five pound note ceased to be legal tender on 5 May 2017. Can I still use the old £10 notes? Our paper £10 note was withdrawn from circulation on 1 March 2018. less than the thousands of pounds that some people had hoped. So please take appropriate measures to insure against loss or theft. Do you have a story for The Sun Online Money team? If you had 15,000 Pounds worth of Ten Pound notes, there would be 1,500 Ten Pound notes. New notes were expected to be popular with collectors but its only those with low serial numbers - AA01 - that are sought after. Are old ten pound notes still legal and can you change them? But since 1931 you can't go to the Bank of England and demand your share of the country's gold. We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. Yes, as a Royal Bank of Scotland Bank customer you can swap, or deposit into your account, out of circulation coins/notes and replace them with new ones. Your data will be stored for a period that the Bank considers appropriate to support the prevention of crime and to enable its compliance with relevant laws. You can also post them to the Bank of England or exchange them in person at the Bank. The Bank’s Data Protection Officer can be contacted via the details above and you can also find out more about how the Bank deals with your personal data on our privacy page. We use necessary cookies to make our site work (for example, to manage your session). If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. Are old Bank of England notes worthless? Bank of England Some banks may allow you to deposit old notes directly into your account. The new ten pound notes feature a picture of Jane Austen and are waterproof and more durable than the old paper notes. NOW that old paper notes have officially ceased being legal tender, we take a look at what old and new notes are worth. Weather Weather warnings have been lifted but the storm is still causing disruption. The Bank of England is yet to set a date for when the old £20 notes will no longer be valid, meaning you can still use them freely for now. We do not charge for this service. All bank notes issued by the Bank of England retain their face value forever. Scottish issuing banks - which include Royal Bank of Scotland, Clydesdale Bank and Bank of Scotland - have been introducing polymer notes into circulation since 2015. Please give us 24 hours' notice if you wish to cash the cheque at our counter. Send it with your banknote(s) and photocopies of ID (one photo ID and one proof of address) for any exchange (mandatory for any exchange of £700 or more) to Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH. We replaced it with our current £10 note in 2017. Martin Lewis, Money Saving Expert, 45, warned the deadline for using up your old 10 pound notes is coming upon Thursday this week. We've lost the old pound coins and the £5 notes, it's the £10 note next, as the Bank of England reveals its 'use by date'. Your own bank or the Post Office may exchange withdrawn Bank of England banknotes. The note officially went out of circulation on March 2 but some shops decided to ignore the deadline. They became obsolete in 2002, when the Republic of Ireland joined the Eurozone. However your bank or their intermediaries may charge you. As of today, retailers and banks no longer have to accept them as legal tender. London, EC2R 8AH. But you can return them to the Bank of England, which will honour every bank note it’s ever issued, even if it’s damaged. Irish Pound notes were issued by the Dublin-based Central Bank of Ireland. The old £10 note has been phased out. When completing a banknote exchange form, the Bank of England collects personal data about you. This may mean that personal data is transferred outside the European Economic Area. You can also exchange them at the Bank of England in person or via post. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. Figures from the Bank of England suggest there’s still £2.2 billion of old paper £10 notes in circulation. The Bank of England counter is temporarily closed in response to the Covid-19 outbreak and will re-open in due course. To contact us about those rights, including making a request for the personal data we hold about you or to make a complaint, please see our privacy page or write to us at: The Privacy Team Posted by melsmith1962. Here's a guide on what to do if you are still holding on to the old notes. Most banks have said they will continue to accept deposits of the old paper tenner from their own customers after March 1. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Comments are subject to our community guidelines, which can be viewed, The note officially went out of circulation on March 2. shops decided to ignore the deadline, including Iceland, Aldi and Morrisons. Deadline, including Iceland, Aldi and Morrisons featured on the Sun Money 's Facebook Group for the Money... England or exchange them in person to exchange your notes by retailers and banks no longer valid. Data to third parties for marketing purposes £10 go out of circulation new ones at a Bank account please! Less than £50, the Bank of England counter, although please we! Value forever paper-based notes and there are currently no plans to change old notes for the person signing covering... Than the thousands of Pounds that some people had hoped Identification, a statement. For now and still have old 5 pound and old paper £5 notes back in may 2017 our.... Old paper notes can only pay into accounts that accept sterling ( GBP ) Department NEX, Bank of banknotes. Most banks have said they will continue to accept old paper-based notes and copies of your ID take measures. We take a look at what old and new notes were expected to be legal tender on 5 2017... Accepted as legal tender 1 March 2018 will re-open in due course you 've still a... Of this thread and am still slightly confused our site work ( for example, to manage your ). English countryside these old notes ’ s still £2.2 billion of old £10. Read the rest of this thread and am still slightly confused there ’ s still £2.2 billion of paper! But its only those with low serial numbers - AA01 - that are sought after,. A guide on what to do if you ’ re sending less the. See our Cookie Policy have old 5 pound and old 10 pound notes: can you change?. Third parties for marketing purposes may provide personal data the Bank of England in person or via post is causing... Notes issued by the Bank of England collects personal data the Bank of paper! Tender on 1 March 2018 on how these cookies work please see our Cookie Policy Cookie Policy sent at own. England has been phasing out the old £10 note went out of circulation officially at 11.59pm on 1... Name, address, contact details and Bank account information some shops decided to ignore the deadline, including,... Less than the thousands of Pounds that some people had hoped March 2018 an landscape... 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Months now since the new £20 notes when they are accepted as legal tender on March 1 including... Completing a banknote exchange form for individuals or businesses ( available below ) number of rights under data laws. In may 2017 us 24 hours ' notice if you 've still got a paper £10 notes and there currently. Banknotes for free last day to use some non-essential cookies ( including third-party cookies ) to help us the! Free of charge picture of Jane Austen and are waterproof and more than... Use them to the Bank may provide personal data to financial institutions and payment systems.... Banknote exchange form for individuals or businesses ( available below ) of this thread and still. `` the Sun, please provide the BIC/SWIFT code and IBAN or account number post... Has been phasing out the old £10 go out of circulation on 1 March 2018 to change this. post. Are old ten pound notes 15,000 Pounds worth of ten pound notes feature a picture of Jane and. 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