Old Tenners Now Old News
After 11.59pm TODAY (March 1st) our cotton paper £10 notes will no longer be accepted as legal tender. The Bank of England unveiled and launched its new state-of-the-art £10 polymer note in autumn last year.
Since the launch of the new ten-pound note last year, the older versions were still circulated and were spent freely. However, once the deadline has passed, notes will have to be exchanged at banks and post offices. The old fivers went out of circulation in May last year.
The new ten-pound note will feature renowned British novelist, Jane Austen who replaces naturalist Charles Darwin.
While you won’t be able to do your daily shop using that old tenner you found in your sock drawer, you will no longer ruin any in the washing machine as these polymer-made notes will now be water-resistant, tear-resistant and will no doubt last a bit longer in the average household.
You will have to be an account holder to exchange notes at the bank, and some high street banks may start refusing to do so. However, the Bank of England is legally obliged to, so you can do this either by post or in person.
The new ten-pound note will be followed by a new £20 note which will feature the British painter JMW Turner.
The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!
CPA on Linkedin
CPA on facebook
CPA on twitter
See all our latest news here!
Sign up here to our newsletter to receive periodic links to our best stories and blogs
Keep up to date with the latest news by following us on social media:-
Watch the video to find out how CPA can help you!
How to overcome 25 of the most common excuses for non-payment
Click the image to discover step by step advice on how to deal with them!
Discover how to improve your cashflow in 3 steps.
Click the image to find our answer to the question “How can you get paid on time?”
Read our blog – Debt collection agency
Read about our overdue account recovery service
Read our blog – What is credit management?
Read our blog -What is a credit management company?
Read our blog -Credit Management that works!
Read our blog – How to select a debt collection agency
click to see read about our successes
Please call us on 0330 053 9263 to discuss how CPA can help your cashflow. Alternatively, either email us or use our contact form.