Current Accounts Product Details

Tesco Bank

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

Regular Funding/Income: Min £750.00 Per Month (Minimum three direct debit mandates on account per month)
Min 18 Years
None
None
None

Account Management

  • Yes
  • No
  • Yes
  • Yes
  • No
  • Yes

Facilities

  • Yes
  • Yes
  • Yes
  • Yes
  • Visa
  • £400
  • Yes

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.
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.
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 4 times more with lots of Boost Partners. Spend on gadgets, meals out, magazine subscriptions and more or use in Tesco at Boost events.

Credit Interest Rates

BalanceGross Rate %AER %
£0.01 - £3000.002.96% 3.00%
£3000.01 +0.00% 0.00%

Arranged Overdraft

Yes
Minimum BalanceRate %EAR %
£0.011.453% - Per Month18.90%
£0.01 and over:- £0.00 Per Month
£0.01 and over:- £0.00 Per Request
£0.01 and over:- £0.00 Per Request
17:00 same day
N/A
N/A

Unarranged Overdraft

Yes
Minimum BalanceRate %EAR %
£0.011.453% - Per Month18.90%
£0.01 and over:- £0.00 Per Month
£0.01 and over: £5.00
17:00 same day
N/A
N/A
£75.00

Foreign Usage Charge (Europe / Worldwide)

  • 2.75% / 2.75%
  • 0.00% / 0.00%
  • 2.75% / 2.75%
  • 1.00% / 1.00%
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