No; all Bank of England notes whether legal tender or not retain their face value for all time. 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 may make reference to your previous claims to the Bank, and in some instances commercial sources, to enable us to meet our obligations in assessing your application. London, EC2R 8AH. Old paper £10 notes will cease to be legal tender from 1 March 2018 At least £2.1bn worth of old £10 notes need to be spent or exchanged before they cease … For more information please contact us by email at exchanges@bankofengland.co.uk or telephone 0203 461 5994 (Monday to Friday from 9am to 4pm). But since 1931 you can't go to the Bank of England and demand your share of the country's gold. IF you've still got a paper £10 note then don't worry, there's still a way to spend or bank them. To see which of our banknotes have been withdrawn please see our guide, Please contact the Royal Mint for information about coins or to exchange coins, Thanks! For example, you have the right to ask us for a copy of the personal data the Bank holds about you. Do you have a story for The Sun Online Money team? "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. 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. ; From that point onwards, the old £10 notes … Please note we can only pay into accounts that accept sterling (GBP). Your bank will also let you deposit them as long as you have an account. Turner was selected after Bank of England governor Mark Carney asked the public to nominate a deceased cultural figure. 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. 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. Bank of England reveals last day to use old £10 notes. 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. Some shops decided to ignore the deadline, including Iceland, Aldi and Morrisons. You can exchange old Bank of England £5, £10, £20 and £50 notes which have been withdrawn from circulation in person or by post. The Post Office may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them. If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the Information Commissioner’s Office (ICO). I only mentioned that as the wording on the note is "I promise to pay the bearer on demand the sum of ten pounds." As of today, retailers and banks no longer have to accept them as legal tender. In complying with applicable laws and for law enforcement purposes, we may also disclose data to any government entity, regulatory authority or to any other person the Bank reasonably considers necessary. All bank notes issued by the Bank of England retain their face value forever. Irish Punts (Pounds) are no longer used for payments in Ireland. Our paper £10 note was withdrawn from circulation on 1 March 2018. The note officially went out of circulation on March 2 but some shops decided to ignore the deadline. Independent Press Standards Organisation (IPSO). Are old ten pound notes still legal and can you change them? 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'. This may mean that personal data is transferred outside the European Economic Area. Don't forget to join the Sun Money's Facebook group for the latest bargains and money-saving advice. Posted by melsmith1962. If you want to swap the paper notes over for the new polymer notes you will have to make the trip to your bank, building society or Post Office. This includes your name, address, contact details and bank account information. Famous British artist JMW Turner will be featured on the new £20 notes when they are launched. We’ll give you 6 months’ notice of the date you’ll no longer be able to use the paper £20. However, old notes can still be exchanged at the … If you had 15,000 Pounds worth of Ten Pound notes, there would be 1,500 Ten Pound notes. Two weeks ago, estimates from the Bank of England showed there was still … The envelope must include the old notes and copies of your ID. We do not charge for this service. 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. When making payments, the Bank may provide personal data to financial institutions and payment systems involved. When do the old £20 notes expire? We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. This is known as a ‘Subject Access Request’. The new ten pound notes feature a picture of Jane Austen and are waterproof and more durable than the old paper notes. Threadneedle Street … Would you like to give more detail? The Post Office may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access at the Post Office. We have issued a new £20 note made of polymer. Some banks may allow you to deposit old notes directly into your account. If you’re sending less than £50, the Bank can send you new notes in exchange. 01/11/18 07:29 ... but I read the rest of this thread and am still slightly confused. For payments to an overseas bank account, please provide the BIC/SWIFT Code and IBAN or Account number. NOW that old paper notes have officially ceased being legal tender, we take a look at what old and new notes are worth. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. The old £10 notes can be exchanged by post. You have a number of rights under data protection laws. And I had notes dating back to the early 1990's. You can also post them to the Bank of England or exchange them in person at the Bank. 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. You can still use your paper £20 notes for now. The old five pound note ceased to be legal tender on 5 May 2017. 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. At this time there may be a delay in processing your exchange. If you are bringing €10,000 (or sterling equivalent) or more in banknotes into the UK from any non-EU country, these must be declared on entry to the UK. You can use your local Post Office to deposit the old tenners into your bank account too. The polymer tenners have been in circulation since September 2017. Imagine then my surprise when the underground vending machines wouldn’t take any of them and … You can always exchange withdrawn notes with us by post. If we are unable to make an electronic payment, we will send a sterling cheque payable to you. Weather Weather warnings have been lifted but the storm is still causing disruption. Please give us 24 hours' notice if you wish to cash the cheque at our counter. Withdrawn Bank of Scotland notes are no longer a valid means of payment in Scotland or anywhere else in the UK. The old ten pound notes ceased to be legal tender on 1 March 2018. 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. A few months now since the new £20 note made of polymer or their may... Country of incorporation you new notes were issued by the Dublin-based Central Bank of England counter, although please that... 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