Shiny new money seems to be the trend in the UK at the moment.
We have been introduced to the newly shaped £1 coins when the round versions were taken out of circulation, and we have recently been given brand new £5 notes as well.
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The new £5 initially caused controversy with the introduction of the polymer material being used after it was revealed that a small amount of animal fat was used to produce the polymer pellets, but this has not stopped the new £10 version being released into circulation too.
They’ve been in circulation since 24 September, 2017, so you’ve likely seen one by now. The new ones have a lifespan of around five years, compared to the paper copy’s two.
Making notes from a polymer film means that the note itself is more durable and harder to forge.
Around a billion of the new notes featuring Jane Austen have been printed as the Bank of England tries to phase out the older paper ones.
Now, it’s time to spend your old tenners before they expire and stop being accepted.
When does the old £10 note expire?
The final day to use your old notes is 1 March, 2018.
After this date they are no longer legal tender and not worth anything.
What can I do with my old £10 notes after this date?
If you do still have old £10 notes after this date, there’s no need to panic.
If you live in London they can be exchanged for shiny new polymer ones at the Bank of England.
Some banks, building societies, and post offices will allow you to deposit them if you’re an account holder, but this isn’t guaranteed so it is advisable to call ahead to see, or by popping into your local branch to check their last dates if they are participating.
Certain shops may continue to take the paper notes. For example, Greggs and Aldi took the round pound coins after their cut-off date.