What can you do with old £10 notes – and where can you still spend paper tenners?

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On 1st March, the old paper £10 notes will no longer be legal tender. Find out what you can do with old £10 notes and where you can still spend them.

What can you do with old £10 notes?

Headlines are saying that you have to spend old Bank of England £10 notes by March 1st, but you don’t – you can pay them in at your bank after that date. In some cases, you may be able to exchange them for plastic £10 notes – it will depend on your bank.

SAVVY TIP: The deadline of March 1st applies to both Bank of England and Scottish paper tenners.

I’ve asked the major banks whether they’re accepting old paper £10 notes. This is what they told me:

Barclays: will allow its own customers to deposit old £10 notes into their account (either Business or Personal). There is no time limit.

Co-op Bank: will continue to accept old £10 notes from its own customers in their branches for a limited period of time. It hasn’t said how long this time period will be as it depends on a third party supplier but says it will tell customers ahead of this deadline.

HSBC: will accept withdrawn banknotes from its customers after the withdrawal date via a branch counter, however they will not be accepted in cash deposit machines after March 5th.

Lloyds: accepts old £10 in its branches if you’re one of its customers. There’s no deadline for bringing them in. You can either exchange them for new, plastic tenners or pay them into your account.

Nationwide: is continuing to accept the old £10 notes from existing customers. You can’t exchange them for new notes but you can get the money paid into your Nationwide account. There is no set end date and no limit on the number of notes accepted

NatWest/RBS: will allow its own customers to deposit old £10 notes into their accounts. There’s no time limit.

Santander: will allow its own customers to deposit old £10 notes into their accounts. There’s no time limit or limit to how many you can deposit.

SAVVY TIP: You can’t exchange old £10 notes for new ones at the Post Office, but you can deposit the notes into your high street bank account through any of their 11,600 branches. There’s a list of banks and what you’re able to do on the Post Office website. Depending on the bank you’re with, you may need to pay in cash with a personalised paying in slip or using your debit card.

Exchanging old £10 notes at the Bank of England

You can exchange old £10 notes at the Bank of England. You can do this by post or in person. You might not realise this, but the Bank of England has its own mini branch – and you can use that to pay in old £10 notes. Find out more about exchanging old notes on the Bank of England’s website.

Scottish paper £10 notes

On March 1st, Scottish £10 notes will also no longer be legal tender. Issuing banks will continue to accept all Scottish notes from their own customers. These can be either deposited into your bank account or exchanged for the new £10 notes. Royal Bank of Scotland, Clydesdale and Bank of Scotland have also agreed that they will exchange their own paper £10 notes from non-customers up to the value of £250. Other banks, building societies and The Post Office may continue to accept and exchange Scottish paper notes after the March 1st.

Where you can spend old £10 notes

Shops are within their rights not to accept old £10 notes from the end of March 1st. Some vending machines and self-service checkouts may well accept them, so you could try your luck.

Check your change!

If you’re out shopping, check that you’re not being given an old £10 in change. If you’re offered one, you don’t have to accept it. Equally, if you have an old paper £10 note, shops aren’t obliged to take them.

Give old tenners to charity

A number of charities will accept old Bank of England £10 notes. If there’s a charity you support, contact them direct and ask if they’d like a donation of old tenners. I’m sure they won’t say no!

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