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.
1 Clubcard point for every £1 debit card transaction at Tesco, in addition to standard Clubcard points, 1 Clubcard point for every £8 debit card transaction elsewhere. 50 points gives £0.50 worth of Clubcard vouchers, subject to a minimum of 150 points per collection period. Vouchers can be boosted to up to 3 times their value through selected Reward Partners.

Credit Interest Rates

BalanceGross Rate %AER %
£0.01 - £3000.001.00% 1.00%
£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 Charges

Debit card payment in a foreign currency in Europe / Worldwide

  • 2.75% / 2.75%
  • 0.00% / 0.00%

Cash withdrawal in a foreign currency in Europe / Worldwide

  • 2.75% / 2.75%
  • 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.

ServiceCompleted same day %Completed on average (days)Complete for 99% of customers
Open a current account*0% 8 days8 days
Get a debit card100% 0 days0 days
Get Internet banking100% 0 days0 days
Get an overdraft100% 0 days0 days
Replace a lost debit card0% 7 days7 days
* Once all requested documents and information have been received.
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