Do I Qualify?
Which shops and banks will still accept the old £10 note after March 1?

The deadline to use the old £10 note is today (March 1st), after which they stop being legal tender.

But, as reported by The Mirror, as recently as last week, the Bank of England revealed more than 200 million paper £10 notes were still in circulation.

You can still use the Charles Darwin £10 note right up until 23:59 tonight or get them changed at the bank. After that time, in theory, vending machines won’t take them, shops will refuse them, and high street banks may turn you down if you attempt to exchange them.

However, there are still a few shops and banks which will still accept the notes after the deadline.

Iceland has said it will continue accepting the old tenner for another month until Easter Monday (April 2).

Iceland group managing director Tarsem Dhaliwal explained: “With the Bank of England estimating that there are still more than £2 billion worth of their old £10 notes in circulation, we are keen to help our customers by allowing them to spend these notes in our stores rather than having to exchange them at a bank.

“That is why we are giving everyone an extra month to track down their old tenners and bring them to Iceland to experience our amazing range, quality and value.”

Most banks have also said they’ll continue to accept deposits of the old paper tenner from their own customers after the deadline.

RBS/NatWest, Santander, Barclays, Lloyds Bank, Halifax, Bank of Scotland, HSBC and Nationwide Building Society will all still allow customers to deposit old £10 notes into their accounts.

You can also take old £10 notes to the Post Office, which is also still accepting account deposits of the old “round pounds” and old paper fivers.

Martin Kearsley, banking services director at the Post Office, said: “Thanks to an agreement with all UK high street banks, everyone can deposit cash and cheques, including any old notes, into their usual high street bank account at their local Post Office branch.”

And, if all else fails, head to the Bank of England itself where you’re guaranteed to be able to change the notes.

The Bank of England’s head office in London’s note exchange desk lets anyone with an out of date note swap it for a current one, even if it’s ripped or vandalised (provided it can still be identified).

There’s more information on exchanging notes at the Bank of England’s website.

If you are struggling with debt, Money Advisor may be able to help. Find out how we can help you reduce your repayments and advise on a range of financial repayment options. Contact us today for expert, confidential advice with no obligation.

View all Posts

Start reducing your debt repayments and regain control...

Do I Qualify?
Check if you Qualify?