Donate SIGN UP

Paper £10 Notes

Avatar Image
mikesnook1 | 09:34 Fri 27th Oct 2017 | Business & Finance
7 Answers
I have found that i have paper £10 notes, are they still legal tender?
Gravatar

Answers

1 to 7 of 7rss feed

Best Answer

No best answer has yet been selected by mikesnook1. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
I think your bank will exchange them for the new plastic ones.
From the Bank of England website:

//You can continue to use the paper £10 note until its legal tender status is withdrawn in Spring 2018. Notice will be given at least 3 months prior to the withdrawal date.//
Question Author
Thank you.
You're welcome.
All our currency notes contain a declaration: "I promise to pay the bearer on demand the sum of £x", signed by the govenor of the Bank of England. Even when a particular note ceases to be legal tender that promise is still valid and the note can be exchanged at a bank.
Or you can keep them to show your grandchildren and then donate to the museum.
// All our currency notes contain a declaration: "I promise to pay the bearer on demand the sum of £x", signed by the govenor of the Bank of England. Even when a particular note ceases to be legal tender that promise is still valid and the note can be exchanged at a bank. //

Not necessarily "exchanged at a bank" but certainly exchanged at the Bank of England.

Other banks may refuse or use their discretion in regard of withdrawn banknotes, however all withdrawn Bank of England notes remain payable at face value for all time. They can be exchanged for new banknotes at the Bank of England, either in person in London or by post.

http://www.bankofengland.co.uk/banknotes/Pages/about/exchanges.aspx

1 to 7 of 7rss feed

Do you know the answer?

Paper £10 Notes

Answer Question >>