Published on Monday 19 February 2018 in Van News
There's just over 10 days to spend your old tenners…
The deadline to spend or exchange old £10 notes is fast approaching, and time is almost up…but, when EXACTLY do you have to hand them over by? Vanarama's Laura Day reports.
Well…you've got until 1st March, and then the old £10 note will no longer be accepted as a valid form of payment. So, make sure you check your piggy banks for any old notes lying about.
It's been nearly 2 months since the new £10 notes came into circulation, and people are starting to get used to them. I know I am, the new ones are SO much nicer – they're stronger, cleaner, safer and harder to counterfeit.
How do I exchange the old note?
It's easy – you can either post the notes to the Bank of England or visit the Bank in person in London. The Bank will exchange all old £10 notes indefinitely, even after they go out of circulation – brilliant news!
What about other banks?
The Bank says people can TRY to exchange the old £10 notes at their local bank or post office after the deadline. However, there's no guarantee that you'll get one in return, as they're not legally required to accept old notes following 1st March.
And…here's some features of the new £10 note to look out for:
- Portrait of Jane Austen. Commissioned by James Edward Austen Leigh (Jane Austen's nephew) in 1870, adapted from an original sketch of Jane Austen drawn by her sister, Cassandra Austen.
- The quote – "I declare after all there is no enjoyment like reading!" from Pride and Prejudice (Miss Bingley, Chapter XI).
- An illustration of Miss Elizabeth Bennet undertaking "The examination of all the letters which Jane had written to her"– from a drawing by Isabel Bishop (1902-1988).
- The image of Godmersham Park. Godmersham was home of Edward Austen Knight, Jane Austen's brother. Jane Austen visited the house often and it is believed that it was the inspiration for a number of her novels.
- Jane Austen's writing table – the central design in the background is inspired by the 12-sided writing table, and writing quills, used by Jane Austen at Chawton Cottage.
There will be a new £20 note released in 2020, but there are no plans to introduce a new £50 note as of yet.
But, for now...my advice? Get out there and get spending your old tenners pronto presto!