UK | Where to exchange your expired Bank of England 5 and 10 pound notes?

Pounds

If you weren’t aware – as I wasn’t – you will be now. The old fivers and tenners are now expired and no legal tender anymore. So what to do?

Are you going to London, or broader to England or even broader to the United Kingdom of Great Britain and Northern Ireland? Then pay attention. The video by Joel & Lia made me painfully aware I have old money. It even got me out of bed and check and yes, my fivers and tenners are too old…

The 5 pound note by the Bank of England expired in May 2017. The 10 pound note expired in March 2018.

So what to do?

While major banks will exchange the old 10 pound notes, you and I will have to go to the Bank of England to exchange the fivers

“You can exchange your old banknotes in person at our counter at Threadneedle Street, London, EC2R 8AH. The counter is open from Monday to Friday from 9am to 4pm. It is closed on weekends and bank holidays”, the Bank of England explains. “We can either pay your money into a bank account (normally within ten working days) or give you new banknotes. We will need you to provide us with a BIC/SWIFT Code and IBAN number to make a transfer to an overseas account.”

Another option is sending the money by post. But honestly, I am not going to do this.

Have you checked wherever you keep your foreign money?

PS: England and Wales, Scotland and Northern Ireland

Bare in mind that it’s the English 5 and 10 pound notes which have expired. Scotland and Northern Ireland have other designs. Why? Just because the Brits like to do things differently.

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