Tesco Bank

Founded in 1997 as Tesco Personal Finance, Tesco Bank was initially a joint venture with Royal Bank of Scotland. Only in 2008 did Tesco took over the whole operation under its own banking licence.

Tesco Bank offers a range of banking products including credit cards, savings accounts and loans. Customers can gain Tesco Clubcard points when they purchase financial products.

Tesco Bank also offers travel, car, home and pet insurances.

As of 2016, Tesco Bank is branchless.

Their headquarters are in Edinburgh.

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Breakdown Cover

Ranked 3^rd of 25 providers reviewed.

Customer happiness	67.76%
Customer trust	63.16%
Complaints performance	66.2%
Transparency rating	64.88%
Fairer Finance score Reviewed Autumn 2022	66%

Car insurance

Ranked 22^nd of 52 providers reviewed.

Customer happiness	63.6%
Customer trust	56.49%
Complaints performance	78.39%
Transparency rating	67.65%
Fairer Finance score Reviewed Autumn 2022	67%

Credit cards

Ranked 6^th of 31 providers reviewed.

Customer happiness	68.39%
Customer trust	56.47%
Complaints performance	77.72%
Transparency rating	60.49%
Fairer Finance score Reviewed Autumn 2022	66%

Home Emergency Cover

Ranked 8^th of 24 providers reviewed.

Customer happiness	59.54%
Customer trust	57.63%
Complaints performance	75.17%
Transparency rating	70.26%
Fairer Finance score Reviewed Autumn 2022	66%

Home insurance (building and contents)

Ranked 27^th of 48 providers reviewed.

Customer happiness	56.92%
Customer trust	51.14%
Complaints performance	79.49%
Transparency rating	68.01%
Fairer Finance score Reviewed Autumn 2022	64%

Personal loans

Ranked 7^th of 26 providers reviewed.

Customer happiness	62.89%
Customer trust	56.06%
Complaints performance	77.72%
Transparency rating	74.78%
Fairer Finance score Reviewed Autumn 2022	68%

Pet insurance

Ranked 17^th of 31 providers reviewed.

Customer happiness	56.46%
Customer trust	52.96%
Complaints performance	72.81%
Transparency rating	69.08%
Fairer Finance score Reviewed Autumn 2022	63%

Savings Accounts

Ranked 28^th of 50 providers reviewed.

Customer happiness	50.43%
Customer trust	53.04%
Complaints performance	77.72%
Transparency rating	73.41%
Fairer Finance score Reviewed Autumn 2022	64%

Travel insurance

Ranked 15^th of 38 providers reviewed.

Customer happiness	58.4%
Customer trust	55.74%
Complaints performance	62.79%
Transparency rating	49.68%
Fairer Finance score Reviewed Autumn 2022	57%

Cover limit for lost keys i	£0.00
Courtesy car for duration of repair i
Uninsured driver promise i
Cover for replacing original audio/visual equipment i	Unlimited
Windscreen repair excess i	£10.00
Windscreen replacement excess i	£75.00
Repairs guarantee (years) i	3 years
New car replacement i
Cover limit for stolen keys i	£500.00
24hr helpline available i
Courtesy car provided if stolen / total loss i
Vandalism i

Cover limit for lost keys i	Optional cover
Courtesy car for duration of repair i
Uninsured driver promise i
Self-installed or engineer-installed box? i	Engineer
Is device removal mandatory at the end of the contract? i
Is there a set mileage limit?
Can you top up your miles if the limit is exceeded?
Is there an excessive speeding restriction?
Can your insurance be cancelled due to a poor driving score?
Can premiums increase due to driving score?
Digital capability i
Underwriter	Aioi Nissay Dowa UK
Cover limit for stolen keys i	Optional cover
Storage after accident i
Cover for replacing original audio/visual equipment i	Unlimited
New car replacement i
Legal cover for manslaughter defence i
Vermin & insects i
Misfuelling i
24hr helpline available i

Duration of 0% balance transfer offer period i	27 or 21 or 15 Months
Balance transfer fee during promotional period i	3.49%
Representative APR i	22.9%
Balance transfer rate during promotional period i	0%
Highest balance transfer fee during promotional period (%) i	3.49%
Representative balance transfer rate i	1.736%
Risk based? i

Duration of 0% balance transfer offer period i	12, 10 or 9 Months
Balance transfer fee during promotional period i	1.99%
Representative APR i	22.9%
Balance transfer rate during promotional period i	0%
Highest balance transfer fee during promotional period (%) i	1.99%
Representative balance transfer rate i	1.736%
Risk based? i

Duration of 0% balance transfer offer period i	3 months
Balance transfer fee during promotional period i	2.99%
Representative APR i	22.9%
Balance transfer rate during promotional period i	0%
Highest balance transfer fee during promotional period (%) i	2.99%
Representative balance transfer rate i	1.736%
Risk based? i

Duration of purchases offer period i	14 or 12 or 10 Months
Representative APR i	22.9%
Highest APR i	28.9%
Purchase rate during promotional period i	0%
Representative purchase rate i	1.736%
Number of days before interest is charged on purchases i	56 days
Risk based? i

Reward extras i
Representative APR i	22.9%
Risk based? i
Annual fee in first year i	£0.00
Annual fee after first year i	£0.00
Foreign purchase fee i	2.75%

Reward extras i
Representative APR i	10.9%
Risk based? i
Annual fee in first year i	£0.00
Annual fee after first year i	£0.00
Foreign purchase fee i	2.75%

Reward extras i
Representative APR i	29.9%
Risk based? i
Annual fee in first year i	£0.00
Annual fee after first year i	£0.00
Foreign purchase fee i	2.75%

Representative APR i	29.9%
Representative cash transaction interest rate i	2.84%
Representative purchase rate i	2.207%
Risk based? i
Initial minimum credit limit i	£100.00
Representative balance transfer rate i	2.207%

Matching sets (Contents) i	50% of the cost of replacing the undamaged parts
Theft from outbuildings cover limit i	£5,000.00
Escape of water excess i	£250.00
Garden plants i	£2,500.00
Alternative accommodation cover limit for contents i	£15,000.00
Alternative accommodation cover limit for buildings i	£50,000.00
Cover for keys if lost i	Sum insured
Money in the home i	£500.00
Replace belongings new for old i
Buildings Cover limit i
Contents Cover limit i
24hr helpline i
Temporary freezer storage
Dual Contents i
Business Equipment
Personal possessions cover whilst living in a nursing home or residential care setting i
Medical Equipment Loan i
Theft from bogus officials i

Trace and Access i	£5,000.00
Cover for keys if lost i	unlimited
Matching sets i	50% of the cost of replacing the undamaged parts
Rainfall (mm) i	25 mm per hour
Alternative accommodation cover limit i	£50,000.00
Cover for keys if stolen i	Sum insured
Compulsory excess i	£100.00
Escape of water excess i	£350.00
24hr helpline i
Property owner liability i	£2,000,000.00

Matching sets i	50% of the cost of replacing the undamaged parts
Cover for keys if lost i	Sum insured
Theft from outbuildings cover limit i	£5,000.00
Cycles included whilst in the home i	Part of sum insured
Replace belongings new for old i
Cover for keys if stolen i	Sum insured
Money in the home i	£500.00
Alternative accommodation cover limit i	£15,000.00
24hr helpline i

Type of cover i	Lifetime, annual
Medical cover limit i	£4,000.00
Medical excess i	£60.00
Annual policy limit i	£4,000.00
Annual condition limit i
Lifetime policy limit i	Unlimited
Lifetime condition limit i
Dental cover (if due to an accident) i	£4,000.00
Cruciate ligament damage i	£4,000.00
CT scans i	£4,000.00
MRI scans i	£4,000.00
Prescription diet (treatment of bladder stones only) i	£0.00
Complementary treatment i	£1,000.00
Boarding fees limit i	£1,000.00
Death benefit (illness) i	£1,500.00
Euthanasia cover limit i	£200.00
Cremation i	£200.00
Holiday cancellation i	£5,000.00
Holiday cover i	£4,000.00
Quarantine costs cover i	£1,500.00
Loss of PETS passport or other travel documents i	£250.00
Emergency expenses abroad i	£300.00
Maximum number of days abroad i	30 days
Age when compulsory excess rises i
Cancellation fee i	£0.00
Amendment fee i	£0.00
If renewed, are existing conditions covered? i

Foreign purchase fee i	2.75%
Foreign withdrawal fee i	3.99%
Representative APR i	22.9%
Number of days before interest is charged on non-sterling cash transactions i	0 days
Risk based? i
Representative purchase rate i	1.736%

Money transfer rate during promotional period i	0%
Duration of money transfer offer period i	12, 10 or 9 Months
Money transfer fee during promotional period i	3.99%
Representative APR i	22.9%
Risk based? i
Representative cash transaction interest rate i	2.207%

Money transfer rate during promotional period i	0%
Duration of money transfer offer period i	9 months
Money transfer fee during promotional period i	3.99%
Representative APR i	22.9%
Risk based? i
Representative cash transaction interest rate i	2.207%

Type of cover i	Maximum benefit, condition
Medical cover limit i	£4,000.00
Medical excess i	£60.00
Annual policy limit i
Annual condition limit i
Lifetime policy limit i
Lifetime condition limit i	£4,000.00
Dental cover (if due to an accident) i	£4,000.00
Cruciate ligament damage i	£4,000.00
CT scans i	£4,000.00
MRI scans i	£4,000.00
Prescription diet (treatment of bladder stones only) i	£0.00
Complementary treatment i	£1,000.00
Boarding fees limit i	£1,000.00
Death benefit (illness) i	£1,500.00
Euthanasia cover limit i	£200.00
Cremation i	£200.00
Holiday cancellation i	£5,000.00
Holiday cover i	£4,000.00
Quarantine costs cover i	£1,500.00
Loss of PETS passport or other travel documents i	£250.00
Emergency expenses abroad i	£300.00
Maximum number of days abroad i	30 days
Age when compulsory excess rises i
Cancellation fee i	£0.00
Amendment fee i	£0.00
If renewed, are existing conditions covered? i

Type of cover i	Time-limited
Medical cover limit i	£3,000.00
Medical excess i	£60.00
Annual policy limit i
Annual condition limit i
Lifetime policy limit i
Lifetime condition limit i	£3,000.00
Dental cover (if due to an accident) i	£3,000.00
Cruciate ligament damage i	£3,000.00
CT scans i	£3,000.00
MRI scans i	£3,000.00
Prescription diet (treatment of bladder stones only) i	£0.00
Complementary treatment i	£500.00
Boarding fees limit i	£1,000.00
Death benefit (illness) i	£1,500.00
Euthanasia cover limit i	£200.00
Cremation i	£200.00
Holiday cancellation i	£5,000.00
Holiday cover i	£3,000.00
Quarantine costs cover i	£1,500.00
Loss of PETS passport or other travel documents i	£250.00
Emergency expenses abroad i	£300.00
Maximum number of days abroad i	30 days
Age when compulsory excess rises i
Cancellation fee i	£0.00
Amendment fee i	£0.00
If renewed, are existing conditions covered? i

Medical excess i	£75.00
Personal Possessions and Baggage - damaged, lost or stolen- cover limit i	£2,000.00
Cancelling before travel cover limit i	£5,000.00
Emergency medical cover and repatriation cover limit i	£10,000,000.00
Mental health cover i
Personal money i	£200.00
Combined passport & travel cover limit i	£250.00
Cutting trip short cover limit i	£5,000.00
Abandoning your trip cover limit i	£5,000.00
Natural disaster relocation cover i
Natural disaster baggage cover i
Max trip duration i	31.00 days

Medical excess i	£99.00
Personal Possessions and Baggage - damaged, lost or stolen- cover limit i	£1,000.00
Cancelling before travel cover limit i	£1,000.00
Emergency medical cover and repatriation cover limit i	£10,000,000.00
Mental health cover i
Personal money i	£100.00
Combined passport & travel cover limit i	£250.00
Cutting trip short cover limit i	£1,000.00
Abandoning your trip cover limit i	£1,000.00
Natural disaster relocation cover i
Natural disaster baggage cover i
Max trip duration i	31.00 days

Cancelling before travel cover limit i	£10,000.00
Medical excess i	£0.00
Personal Possessions and Baggage - damaged, lost or stolen - cover limit i	£3,000.00
Cutting trip short cover limit i	£10,000.00
Missed departure cover limit i	£1,500.00
Abandoning your trip cover limit i	£10,000.00
Emergency medical cover and repatriation cover limit i	£20,000,000.00
Personal money i	£500.00
Combined passport & travel cover limit i	£500.00

Missed port departure cover limit i	£1,000.00
Re-joining a cruise cover limit i	£0.00
Cabin confinement cover limit i	£1,000.00
Missed port departure excess i	£99.00
Timetable/itinerary change cover limit i	£500.00
Unused excursions cover limit i	£500.00

Ski equipment owned cover limit i	£1,500.00
Single owned item cover limit i	£500.00
Cover limit for hire of ski equipment due to loss/damage/delay to own equipment i	£300.00
Avalanche closure cover limit i	£250.00
Piste closure cover limit i	£500.00
Ski equipment owned excess i	£0.00
Ski equipment hired i	£300.00
Single item limit for hired equipment i	£300.00
Unused ski pass due to illness or injury i	£0.00

Tesco Bank

Car insurance

Telematics Car Insurance

Credit cards

0% balance transfer credit cards

0% purchase credit cards

Cashback and reward credit cards

Credit builder credit cards

Foreign use credit cards

Low rate credit cards

Money transfer credit cards

Home insurance (building and contents)

Buildings insurance

Contents insurance

Pet insurance

Cat insurance

Dog insurance

Travel insurance

Annual multi-trip insurance

Single trip insurance

Travel insurance add-on: cruise cover

Travel insurance add-on: winter sports