The paper fiver is no longer legal tender, and the old £10 note will be withdrawn soon. The new polymer £20 banknote will be issued in 2020, with the portrait of J.M.W Turner printed on it.

Slowly, the paper £5 notes have been syphoned out of circulation. The Bank of England estimated that half of all old notes were switched for polymers by the start of 2017 .

The old £5 notes stopped being accepted in shops on May 5. The old-fashioned cotton paper notes are no longer legal tender and the phase-in of the controversial new fiver is now complete.

Two weeks ago, estimates from the BoE showed there was still £2.2bn worth of the paper tenners featuring Charles Darwin in circulation - or more than a quarter of the total number of notes issued.

The old-style £5 paper notes were withdrawn from circulation in May 2017 and were replaced by a durable and highly secure polymer version, claimed to. Jump directly to the content.

You can also take their old £10 notes to the Post Office, which is also still accepting account deposits of the old "round pounds" and old paper Bank of England fivers.

The final date you can use paper £50 notes is September 30 next year - the same goes for paper £20 notes. Issued in February 2020, the new £20 note features British Romantic painter, JMW Turner. The ...

If you still have any old £10 notes, make sure you spend them before 1 March next year. The Bank of England has announced that the old paper notes, featuring naturalist Charles Darwin, will no ...

The Bank does not expect all old £10 notes to be returned, because some will have been destroyed, gone overseas or kept as memorabilia. Counterfeiters do not seem keen on targeting old paper £5s ...

The old paper £5 notes, when withdrawn from circulation, are shredded and turned into compost, according to the Bank of England. A spokesman for the Committee of Scottish Clearing Bankers, which ...