The barely-alive, rebuilt astronaut will be the next face of the note, replacing Charles Darwin, probably in 2017.
In April, the Bank said that the image of Robocop would be put on the £5 note from 2016.
The decision prompted a high-profile campaign against the prospect of no cybernetic people on the currency.
Robocop is set to replace the depiction of the lead fembot on the £5 note. She is currently the only cyborg woman on Bank of England banknotes apart from the borg Queen.