Hi,
As I understand it, a new £10 note will be issued this September. I did a search online and could not find any information regarding how the transition to the new notes will be handled. I'll be in London later this year so I can use up any current notes that I have. Is there a fixed date after which these soon to be old notes will no longer be widely accepted?
Thank you.
Do you have any old paper £5 notes, they have been replaced with polymer ones recently.
I gave away my 5-pound notes to a friend who was traveling before they expired (last October). Now I have to worry about my tenners?
It's usually a few months afterwards. Sorry, that should be Bank of England
Just back from England where staff who handle money were warning tourists about the demise of the old 5 pound note. The new one is some sort of polymer, slippery to handle but will survive a washing machine (we've had them in Canada for awhile; so have Australians.)
I got rid of my fivers last year. I just wanted to get some information on the new ten GBP note.
No fixed date for the new £10 has been confirmed yet. It will be issued sometime in September 2017.
The new polymer £5 began to be issued six months before the paper £5 note was withdrawn. Expect a similar transition period for £10 note.
Check the Bank of England's website in September for the latest information.
The transition for the £5 note was exceptionally short because of the introduction of the new £10 at more or less the same size as the old £5. With the new £20 not scheduled until 2020 there might not be the imperative. However, maybe wise even so to not keep them just in case. I witnessed some people the other week in Belfast in a bank vainly trying to change a number of old 'Elgar' £20 which were withdrawn as far back as 2010.
"we've had them in Canada for awhile; so have Australians"
um ... yes we have, we invented them. Lol.
All;
While old/withdrawn bank notes/coins are no longer accepted for point of sale transactions, they are still legal tender. If you have a substantial amount of withdrawn notes/coins and are planning a trip to the UK, these notes can be exchanged for the new notes at Bank of England branches.
http://www.bankofengland.co.uk/banknotes/Pages/about/exchanges.aspx
Note that the site pointed to by Work2Travel says long-withdrawn notes can be exchanged at the London branch on Threadneedle Street or by post.
http://www.bankofengland.co.uk/banknotes/Pages/about/exchanges.aspx
and to further clarify - there are no branches just the main building in London.
and coins are not issued by the BoE but by the Royal Mint
Thanks to this thread I've discovered that I still have 3 of the old 'Elgar' £20 notes. Hoping that the tiny branch of my bank in mid-Wales will be willing to change them. Otherwise I shall have to take the tedious route of posting them to the Bank of England. Not going anywhere near Lonon on my forthcoming trip.
