Details

Tesco Bank
Current Account - Current Account - Funded
Current Account - Current Account - Funded
Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.
General Account Details
Funding Required: Regular Funding/Income: Min £750.00 Per Month (Minimum three direct debit mandates on account per month)
Minimum/Maximum Age: Min 18 Years
Eligibility: None
Account Fee: None
Introductory Account Fee: None
Account Management
Telephone:
Post:
Internet:
Branch:
Post Office:
Mobile App:
Facilities
Direct Debits:
Standing Orders:
Cheque Book:
ATM Card:
Debit Card:
Visa
Withdrawal Limit:
£400
Switch Guarantee:
Benefits
- Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Exclusive offers with this account: Guaranteed 3% credit interest on balances up to £3000, if £750 paid into account each month and 3 DDs paid out, valid until 1.4.19.
Loyalty Bonus to account holders: 2 Clubcard points for every £1 spent at Tesco in store or online, 2 Clubcard points for every £1 spent on Tesco fuel (excluding Esso fuel), 1 Clubcard point awarded for every £8 spent on card purchases outside Tesco using the Tesco Visa Debit Card. 1000 Clubcard points give £10 in Clubcard vouchers which can be boosted, to give up to 3 times more with lots of Reward Partners. Spend on days out, restaurants, magazine subscriptions and more.
Credit Interest Rates
Balance Gross % AER %
£0.01 - £3000.00 2.96% 3.00%
£3000.01 + 0.00% 0.00%
Arranged Overdraft
Arranged Overdraft Available:
Minimum Balance Rate % EAR %
£0.01 1.45% - Per Month 18.90%
Usage Fee: £0.01 and over:- £0.00 Per Month
Arrangement Fee: £0.01 and over:- £0.00 Per Request
Review Fee: £0.01 and over:- £0.00 Per Request
Grace Period: 17:00 same day
Interest Free Overdraft Buffer: N/A
Fee Free Overdraft Buffer: N/A
Unarranged Overdraft
Unarranged Overdraft Available:
Minimum Balance Rate % EAR %
£0.01 1.45% - Per Month 18.90%
Fee: £0.01 and over:- £0.00 Per Month
Paid Referral Fee: £0.01 and over: £5.00
Grace Period: 17:00 same day
Interest Free Overdraft Buffer: N/A
Fee Free Overdraft Buffer: N/A
Monthly Maximum Charge: £75.00
Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide

  • Currency Conversion Charge 2.75% / 2.75%
  • Transaction Charge 0.00% / 0.00%

Cash withdrawal in a foreign currency in Europe / Worldwide

  • Currency Conversion Charge 2.75% / 2.75%
  • Transaction Charge 1.00% / 1.00%
Service Performance
The table below shows this provider's current account service performance.
The information shown covers all of their main current accounts, not just this specific account.
Service Completed same day % Completed on average (days) Complete for 99% of customers
Open a current account* 0% 8 days 8 days
Get a debit card 100% 0 day 0 day
Get internet banking 100% 0 day 0 day
Get an overdraft 100% 0 day 0 day
Replace a lost debit card 0% 7 days 7 days

* Once all requested documents and information have been received.