NEWS
18/02/2018 16:36 GMT | Updated 01/03/2018 14:29 GMT

Old £10 Note Cut-Off Date Is Almost Here - Here's What You Need To Know

Are you ready?

If you’ve got any old £10 notes, it’s time to get spending, as Thursday is officially the last day they will be accepted in shops, restaurants and other retailers.

The old note is has been replaced by a new polymer note featuring author Jane Austen.

PA Archive/PA Images
The old £10 note has been replaced by a polymer version

When is the old £10 note being taken out of circulation?

The old note, featuring naturalist Charles Darwin, will cease to be legal tender from 2 March 2017.

Does this mean I can’t spend the old-style £10 after that?

Yes, you won’t be able to use the notes in shops, restaurants and other businesses from them.

PA Archive/PA Images

What should I do with an old note if I still have one after 5th May?

Try taking it to a bank or building society and they should be able to exchange it for you.

You can also deposit them into bank accounts, including at the Post Office.

They may stop accepting the notes eventually (and are not actually legally required to exchange them) but the Bank of England will always be obliged to exchange them.

What will happen to the old £10 notes?

They will be recycled by the Bank of England.

Is there any other new currency due to be released?

Yes, the same day actually!

A collection of 26 new 10p coins is also entering circulation.

Each design includes a letter of the alphabet and features an aspect of British life and tradition from James Bond to queueing to zebra crossings.