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The Darwin £10 note is almost extinct – Are you ready?


The Bank of England will withdraw legal tender status of the paper £10 note featuring Charles Darwin at 23:59 on Thursday 1 March 2018. With 6 weeks to go, all businesses that handle cash need to plan and prepare for the change.

After 1 March 2018, businesses and the public no longer have to accept the Darwin £10 note as payment or in change and the new polymer note featuring Jane Austen will be the only £10 note with legal tender status.

The Bank of England is encouraging retailers and businesses to follow the steps outlined in the checklist below ahead of 1 March 2018.

CHECKLIST: How to prepare your business

  • Clear out your safes. Start banking your paper £10s now.
  • Update your machines. Ensure you know which cash handling machines are being operated by your business and check whether an adaptation is required with your supplier.
  • Check your note supply arrangement with your bank to understand whether they will continue to accept paper £10 notes after the withdrawal date.

Some banks and building societies may accept paper £10 notes after 1 March 2018 but this is at their own discretion. The Bank of England will continue to exchange Darwin £10 notes for all time, as it would for any other Bank of England note which no longer has legal tender status.

All releases are available online at www.bankofengland.co.uk/news

 

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