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can i still bank paper 10 notes

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Phil 924/03/2018 11:57:30
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I found some in a savings tin. Can I till bank them and if yes how long do I have left to do that.

 

Edited By Phil 9 on 24/03/2018 11:59:35

Mowerman24/03/2018 12:10:41
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I think a bank will still accept them

DaveyP24/03/2018 12:19:20
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Yes the banks will still take them, as it says on the note " I promise to pay the bearer".......

Ben B24/03/2018 12:28:05
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That only applies to the Bank of England. Other banks and companies do not have to..... they might agree to then they return turn to BoE but they're not obliged to.
Denis Watkins24/03/2018 13:15:31
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After the 1st March deadline, your own bank or building society will exchange them

Phil 924/03/2018 13:49:04
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I managed to get to the bank before they closed and they did change them. Thanks for the help

Dave Hopkin24/03/2018 14:58:10
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The legal position is that the Bank of England will exchange them for ever as there are a promisary note for £10, but retail banks/building societies are not legally bound to accept them after the 1st March,

From our internal web site the XXXXXXX bank will continue to accept them and that position will be reviewed on the 1st September

Former Member24/03/2018 15:20:01
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[This posting has been removed]

Robert Parker24/03/2018 16:31:54
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My building society and local post office refused to accept a couple that I had saying that only banks would take them.

Regards

Robert

Bob Burton24/03/2018 17:02:35
185 forum posts
Posted by Tom Sharp 2 on 24/03/2018 15:20:01:

They will pay them into your account but they are not obliged to give you notes in exchange.

Edited By Tom Sharp 2 on 24/03/2018 15:21:14

I remembered that I still had one one earlier today so will be taking it into my bank next week. If they will not exchange it for a new one I will simply pay it in and ask to withdraw £10

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