Shoppers have until end of day to spend old £10 notes
- Credit: Sonya Duncan
Shoppers have until the end of the day to spend any old paper £10 notes before they go out of circulation and are no longer legal tender.
When will the old £10 go out of circulation?
The old £10 note is set to go out of circulation in on March 1, 2018.
After this date the Charles Darwin note can be exchanged at the Bank of England in person or by post.
What happens if I still have a paper £10 note after this date?
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Some retailers, banks and building societies may still accept these notes. However, this is at their own discretion. When the old pound coin came out of circulation in October, many national stores extended the time customers had to spend the round pound.
Will I need to provide identification in order to exchange paper £10 notes?
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The Bank of England states that consumers may be required to provide identification, such as a passport, driving licence or national identity card, when exchanging old notes but the exact requirements should be checked with individual institutions beforehand.
When did the new £10 come into circulation?
The note features Jane Austen and was available from September 14, the 200th anniversary of her death.
What is the note be made of?
It is be made of polymer - the same as the Winston Churchill £5 note. It is claimed this material is cleaner, more secure and lasts longer than paper notes.
But the Bank of England refused to bow to pressure to make the note tallow-free, despite anger from vegans and vegetarians.