The Bank of England will withdraw legal tender status of the paper £10 note featuring Charles Darwin at 23:59 on Thursday 1 March 2018. So if you have any old tenners in your tills or safes, make sure you bank them today!
After 1 March 2018, businesses and the public no longer have to accept the Darwin £10 note as payment or in change and the new polymer note featuring Jane Austen, which entered circulation on 14 September 2017, will be the only £10 note with legal tender status.
The Bank of England is encouraging retailers and businesses to follow the steps outlined in the checklist below ahead of 1 March 2018.
How to prepare your business
- Clear out your safes. Start banking your paper £10s now
- Update your machines. Ensure you know which cash handling machines are being operated by your business and check whether an adaptation is required with your supplier.
- Check your note supply arrangement with your bank to understand whether they will continue to accept paper £10 notes after the withdrawal date.
- Train your staff. An A4 poster is available to support staff training on withdrawal and available to download or order, free of charge. It can also be displayed in the shop front or banking hall.
- Manage your customers’ expectations. If you have not been able to adapt your machines before the note is withdrawn, have a process in place so that customers can exchange old notes if they are dispensed in change.
- Keep up to date with the latest information about polymer banknotes, and other banknote news, by registering at: www.bankofengland.co.uk/banknotes/Pages/subscribe or email Banknote.Enquiries@bankofengland.co.uk
Some banks and building societies may accept paper £10 notes after 1 March 2018 but this is at their own discretion.
The Bank of England will continue to exchange Darwin £10 notes for all time, as it would for any other Bank of England note which no longer has legal tender status.
Frequently Asked Questions
Which £10 note is being withdrawn?
The Bank of England is withdrawing the paper £10 note, which features a portrait of Charle Darwin on the reverse:
Is there a new-style £10 note?
Yes, there is a new polymer £10 note. It features Jane Austen on the reverse and was first introduced into circulation on 14 September 2017:
Making notes from a polymer film means that the note itself is more durable and harder to forge.
What happens if I still have a paper £10 note after 1 March 2018?
Some retailers, banks and building societies may still accept these notes. However, this is at their
The Bank of England will always exchange its old-series notes. Notes may be presented for payment
either in person or sent by post (at the sender’s risk) to:
Dept NEX, Bank of England, Threadneedle Street, London EC2R 8AH.
Will I need to provide identification in order to exchange paper £10 notes?
You may be required to provide identification (such as a passport, driving licence, national identity card etc) when exchanging your notes.
You should check exact requirements with individual institutions beforehand. Please refer to our website for further information on exchanging notes with the Bank of England.
Any plans to introduce any more new notes?
The next note to be replaced will be the £20 in 2020, and will feature the British painter JMW Turner.
The current £50 note was issued in 2011 and there are no plans to replace it.