Tesco Bank

Tesco Bank has been around since 1997 as a joint venture with Royal Bank of Scotland, but it was only in 2008 that Tesco took over the whole operation under its own banking licence.

Tesco's insurance is underwritten by a panel of various insurers.

Customers can gain Tesco Clubcard points when they purchase financial products.

Tesco is an online only bank, closing their last branches in 2016.

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Bank accounts

Ranked 7^th of 30 providers reviewed.

Customer happiness	65%
Customer trust	57%
Complaints performance	81%
Transparency rating	61%
Fairer Finance score Reviewed Spring 2019	66%

Car insurance

Ranked 7^th of 51 providers reviewed.

Customer happiness	56%
Customer trust	47%
Complaints performance	83%
Transparency rating	59%
Fairer Finance score Reviewed Spring 2019	61%

Credit cards

Ranked 11^th of 34 providers reviewed.

Customer happiness	64%
Customer trust	51%
Complaints performance	81%
Transparency rating	41%
Fairer Finance score Reviewed Spring 2019	60%

Home insurance

Ranked 7^th of 47 providers reviewed.

Customer happiness	56%
Customer trust	46%
Complaints performance	83%
Transparency rating	66%
Fairer Finance score Reviewed Spring 2019	63%

Mortgages

Ranked 12^th of 23 providers reviewed.

Customer happiness	56%
Customer trust	54%
Complaints performance	77%
Transparency rating	29%
Fairer Finance score Reviewed Spring 2019	54%

Personal loans

Ranked 6^th of 24 providers reviewed.

Customer happiness	63%
Customer trust	49%
Complaints performance	81%
Transparency rating	53%
Fairer Finance score Reviewed Spring 2019	62%

Pet insurance

Ranked 2^nd of 19 providers reviewed.

Customer happiness	61%
Customer trust	50%
Complaints performance	83%
Transparency rating	65%
Fairer Finance score Reviewed Spring 2019	65%

Savings accounts

Ranked 27^th of 42 providers reviewed.

Customer happiness	53%
Customer trust	47%
Complaints performance	81%
Transparency rating	48%
Fairer Finance score Reviewed Spring 2019	57%

Bank accounts

Current accounts

Tesco Bank

Current Account

Foreign use bank accounts

Tesco Bank

Current Account

Limit to non-sterling cash withdrawal before increase in withdrawal fee i

Overdrafts

Tesco Bank

Current Account

Car insurance

Tesco Bank

Car Insurance

Cover for keys/locks if lost i	£0
Uninsured driver promise i
Courtesy car for duration of repair i
Windscreen repair excess i	£10
Windscreen replacement excess i	£75
Cover for keys/locks if stolen i	£500
Cover for replacing original audio/visual equipment i	Unlimited
24hr helpline available i
Repairs guarantee (years) i	3 years
Courtesy car provided if stolen / total loss i

Tesco Bank

Box Insurance

Cover for keys/locks if lost i	£0
Uninsured driver promise i
Courtesy car for duration of repair i
Windscreen repair excess i	£10
Windscreen replacement excess i	£75
Cover for keys/locks if stolen i	£0
Cover for replacing original audio/visual equipment i	Unlimited
24hr helpline available i
Repairs guarantee (years) i	4 years
Courtesy car provided if stolen / total loss i

Credit cards

0% balance transfers

Tesco Bank

0% balance transfer

Balance transfer rate during promotional period i	0%
Duration of offer period for 0% balance transfers i	20 or 16 or 12
Representative APR i	19.90%
Risk based? i
Representative balance transfer rate i	1.66%

Tesco Bank

All Round - 12 months

Balance transfer rate during promotional period i	0%
Duration of offer period for 0% balance transfers i	12 months
Representative APR i	19.90%
Risk based? i
Representative balance transfer rate i	1.66%

Tesco Bank

Low APR

Balance transfer rate during promotional period i	0%
Duration of offer period for 0% balance transfers i	1 months
Representative APR i	5.90%
Risk based? i
Representative balance transfer rate i	0.49%

Tesco Bank

Balance Transfer Credit Card

Balance transfer rate during promotional period i	0%
Duration of offer period for 0% balance transfers i	28 or 22 or16
Representative APR i	19.90%
Risk based? i
Representative balance transfer rate i	1.66%

Tesco Bank

All Round - 15 months

Balance transfer rate during promotional period i	0%
Duration of offer period for 0% balance transfers i	15 months
Representative APR i	19.90%
Risk based? i
Representative balance transfer rate i	1.66%

Tesco Bank

Money Transfer

Balance transfer rate during promotional period i	0%
Duration of offer period for 0% balance transfers i	28 or 22 or 16
Representative APR i	19.90%
Risk based? i
Representative balance transfer rate i	1.66%

Tesco Bank

26 month purchases

Balance transfer rate during promotional period i	0%
Duration of offer period for 0% balance transfers i	3 months
Representative APR i	19.90%
Risk based? i
Representative balance transfer rate i	1.66%

0% purchases

Tesco Bank

All Round - 15 months

Purchase rate during promotional period i	0%
Duration of offer period for 0% purchases i	15 months
Representative APR i	19.90%
Risk based? i
Representative purchase rate i	1.53%
Number of days before interest is charged on purchases i	56 days

Tesco Bank

26 month purchases

Purchase rate during promotional period i	0%
Duration of offer period for 0% purchases i	26 or 20 or 14
Representative APR i	19.90%
Risk based? i
Representative purchase rate i	1.53%
Number of days before interest is charged on purchases i	56 days

Tesco Bank

Balance Transfer Credit Card

Purchase rate during promotional period i	0%
Duration of offer period for 0% purchases i	3 months
Representative APR i	19.90%
Risk based? i
Representative purchase rate i	1.53%
Number of days before interest is charged on purchases i	56 days

Tesco Bank

All Round - 12 months

Purchase rate during promotional period i	0%
Duration of offer period for 0% purchases i	12 months
Representative APR i	19.90%
Risk based? i
Representative purchase rate i	1.53%
Number of days before interest is charged on purchases i	56 days

Tesco Bank

Money Transfer

Purchase rate during promotional period i	0%
Duration of offer period for 0% purchases i	3 months
Representative APR i	19.90%
Risk based? i
Representative purchase rate i	1.53%
Number of days before interest is charged on purchases i	56 days

Tesco Bank

Low APR

Purchase rate during promotional period i	0%
Duration of offer period for 0% purchases i	1 months
Representative APR i	5.90%
Risk based? i
Representative purchase rate i	0.48%
Number of days before interest is charged on purchases i	56 days

Cashback and rewards

Tesco Bank

26 month purchases

Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i	£47.64
Estimated amount of money customers get back after the 1st year (minus annual fee) i	£47.64
Risk based? i
Annual fee after 1st year i	£0
Foreign purchase fee i	2.75%

Tesco Bank

0% balance transfer

Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i	£47.64
Estimated amount of money customers get back after the 1st year (minus annual fee) i	£47.64
Risk based? i
Annual fee after 1st year i	£0
Foreign purchase fee i	2.75%

Tesco Bank

Balance Transfer Credit Card

Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i	£47.64
Estimated amount of money customers get back after the 1st year (minus annual fee) i	£47.64
Risk based? i
Annual fee after 1st year i	£0
Foreign purchase fee i	2.75%

Tesco Bank

All Round - 12 months

Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i	£47.64
Estimated amount of money customers get back after the 1st year (minus annual fee) i	£47.64
Risk based? i
Annual fee after 1st year i	£0
Foreign purchase fee i	2.75%

Tesco Bank

All Round - 15 months

Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i	£47.64
Estimated amount of money customers get back after the 1st year (minus annual fee) i	£47.64
Risk based? i
Annual fee after 1st year i	£0
Foreign purchase fee i	2.75%

Tesco Bank

Money Transfer

Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i	£47.64
Estimated amount of money customers get back after the 1st year (minus annual fee) i	£47.64
Risk based? i
Annual fee after 1st year i	£0
Foreign purchase fee i	2.75%

Tesco Bank

Low APR

Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i	£47.64
Estimated amount of money customers get back after the 1st year (minus annual fee) i	£47.64
Risk based? i
Annual fee after 1st year i	£0
Foreign purchase fee i	2.75%

Tesco Bank

Foundation

Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i	£47.64
Estimated amount of money customers get back after the 1st year (minus annual fee) i	£47.64
Risk based? i
Annual fee after 1st year i	£0
Foreign purchase fee i	2.75%

Credit builder

Tesco Bank

Foundation

Representative APR i	27.50%
Representative cash transaction rate i	2.84%
Representative purchase rate i	2.05%
Risk based? i
Representative balance transfer rate i	2.05%
Initial minimum credit limit i	£250

Foreign use credit cards

Tesco Bank

Low APR

Representative APR i	5.90%
Foreign purchase fee i	2.75%
Foreign withdrawal fee i	3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i	0 days
Representative purchase rate i	0.48%

Tesco Bank

26 month purchases

Representative APR i	19.90%
Foreign purchase fee i	2.75%
Foreign withdrawal fee i	3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i	0 days
Representative purchase rate i	1.53%

Tesco Bank

0% balance transfer

Representative APR i	19.90%
Foreign purchase fee i	2.75%
Foreign withdrawal fee i	3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i	0 days
Representative purchase rate i	1.53%

Tesco Bank

Balance Transfer Credit Card

Representative APR i	19.90%
Foreign purchase fee i	2.75%
Foreign withdrawal fee i	3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i	0 days
Representative purchase rate i	1.53%

Tesco Bank

All Round - 12 months

Representative APR i	19.90%
Foreign purchase fee i	2.75%
Foreign withdrawal fee i	3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i	0 days
Representative purchase rate i	1.53%

Tesco Bank

All Round - 15 months

Representative APR i	19.90%
Foreign purchase fee i	2.75%
Foreign withdrawal fee i	3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i	0 days
Representative purchase rate i	1.53%

Tesco Bank

Money Transfer

Representative APR i	19.90%
Foreign purchase fee i	2.75%
Foreign withdrawal fee i	3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i	0 days
Representative purchase rate i	1.53%

Tesco Bank

Foundation

Representative APR i	27.50%
Foreign purchase fee i	2.75%
Foreign withdrawal fee i	3.99%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i	0 days
Representative purchase rate i	2.05%

Low rate

Tesco Bank

Low APR

Representative APR i	5.90%
Representative cash transaction rate i	1.87%
Representative purchase rate i	0.48%
Risk based? i
Representative balance transfer rate i	0.49%
Representative money transfer rate i	0.49%

Tesco Bank

All Round - 12 months

Representative APR i	19.90%
Representative cash transaction rate i	1.87%
Representative purchase rate i	1.53%
Risk based? i
Representative balance transfer rate i	1.66%
Representative money transfer rate i	1.66%

Tesco Bank

All Round - 15 months

Representative APR i	19.90%
Representative cash transaction rate i	1.87%
Representative purchase rate i	1.53%
Risk based? i
Representative balance transfer rate i	1.66%
Representative money transfer rate i	1.66%

Money transfers

Tesco Bank

0% balance transfer

Money transfer rate during promotional period i	0%
Duration of 0% offer period for money transfers i	12 months
Representative APR i	19.90%
Risk based? i
Money transfer fee during promotional period i	3.94%
Representative cash transaction rate i	1.87%

Tesco Bank

Balance Transfer Credit Card

Money transfer rate during promotional period i	0%
Duration of 0% offer period for money transfers i	28 or 22 or 16
Representative APR i	19.90%
Risk based? i
Money transfer fee during promotional period i	3.94%
Representative cash transaction rate i	1.87%

Tesco Bank

All Round - 12 months

Money transfer rate during promotional period i	0%
Duration of 0% offer period for money transfers i	12 months
Representative APR i	19.90%
Risk based? i
Money transfer fee during promotional period i	3.94%
Representative cash transaction rate i	1.87%

Tesco Bank

All Round - 15 months

Money transfer rate during promotional period i	0%
Duration of 0% offer period for money transfers i	15 months
Representative APR i	19.90%
Risk based? i
Money transfer fee during promotional period i	3.94%
Representative cash transaction rate i	1.87%

Tesco Bank

Money Transfer

Money transfer rate during promotional period i	0%
Duration of 0% offer period for money transfers i	28 or 22 or 16
Representative APR i	19.90%
Risk based? i
Money transfer fee during promotional period i	3.94%
Representative cash transaction rate i	1.87%

Tesco Bank

26 month purchases

Money transfer rate during promotional period i	0%
Duration of 0% offer period for money transfers i	3 months
Representative APR i	19.90%
Risk based? i
Money transfer fee during promotional period i	3.94%
Representative cash transaction rate i	1.87%

Tesco Bank

Low APR

Money transfer rate during promotional period i	0%
Duration of 0% offer period for money transfers i	1 months
Representative APR i	5.90%
Risk based? i
Money transfer fee during promotional period i	3.94%
Representative cash transaction rate i	1.87%

Tesco Bank

Foundation

Money transfer rate during promotional period i
Duration of 0% offer period for money transfers i
Representative APR i	27.50%
Risk based? i
Money transfer fee during promotional period i
Representative cash transaction rate i	2.84%

Home insurance

Tesco Bank

Home Insurance

Escape of water excess i	£250
Matching sets i
Theft from outbuildings i	£5,000
24hr helpline i
Alternative accommodation i	£50,000
Cover for keys/locks if lost i	Sum insured
Money in the home i	£500
New for old i

Buildings insurance

Tesco Bank

Home Insurance

Trace & access i	£5,000
Matching sets i
Cover for keys/locks if lost i	Sum insured
Compulsory excess i	£100
Escape of water excess i	£250
Alternative accommodation cover limit i	£50,000
Cover for keys/locks if stolen i	Sum insured
Property owner liability i	£2,000,000
24hr helpline i

Contents insurance

Tesco Bank

Home Insurance

Theft from outbuildings i	£5,000
Matching sets i
Cover for keys/locks if lost i	Sum insured
Cycles included whilst in the home i	Part of sum insured
New for old i
Alternative accomodation i	£15,000
Money in the home i	£500
Cover for keys/locks if stolen i	Sum insured
24hr helpline i

Pet insurance

Cat insurance

Tesco Bank

Premier £4,000

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£4,000
Dental cover (if due to an accident) i	£4,000
Cruciate ligament damage i	£4,000
CT scans i	£4,000
MRI scans i	£4,000
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age compulsory excess changes i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Loss of pet total i

Tesco Bank

Extra £4000

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£4,000
Dental cover (if due to an accident) i	£4,000
Cruciate ligament damage i	£4,000
CT scans i	£4,000
MRI scans i	£4,000
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age compulsory excess changes i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Loss of pet total i

Tesco Bank

Extra £7500

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£7,500
Dental cover (if due to an accident) i	£7,500
Cruciate ligament damage i	£7,500
CT scans i	£7,500
MRI scans i	£7,500
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age compulsory excess changes i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Loss of pet total i

Tesco Bank

Premier £7,500

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£7,500
Dental cover (if due to an accident) i	£7,500
Cruciate ligament damage i	£7,500
CT scans i	£7,500
MRI scans i	£7,500
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age compulsory excess changes i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Loss of pet total i

Tesco Bank

Premier £10,000

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£10,000
Dental cover (if due to an accident) i	£10,000
Cruciate ligament damage i	£10,000
CT scans i	£10,000
MRI scans i	£10,000
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age compulsory excess changes i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Loss of pet total i

Tesco Bank

Standard

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£3,000
Dental cover (if due to an accident) i	£3,000
Cruciate ligament damage i	£3,000
CT scans i	£3,000
MRI scans i	£3,000
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£500
Age compulsory excess changes i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Loss of pet total i

Tesco Bank

Accident & Injury

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£3,000
Dental cover (if due to an accident) i	£3,000
Cruciate ligament damage i	£3,000
CT scans i	£3,000
MRI scans i	£3,000
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£0
Cremation i	£0
Complementary treatment i	£500
Age compulsory excess changes i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Loss of pet total i

Dog insurance

Tesco Bank

Premier £4,000

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£4,000
Dental cover (if due to an accident) i	£4,000
Cruciate ligament damage i	£7,500
CT scans i	£4,000
MRI scans i	£4,000
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age compulsory excess changes i	Doesn't change
Amendment fee i	£0

Tesco Bank

Extra £4000

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£4,000
Dental cover (if due to an accident) i	£4,000
Cruciate ligament damage i	£4,000
CT scans i	£4,000
MRI scans i	£4,000
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age compulsory excess changes i	Doesn't change
Amendment fee i	£0

Tesco Bank

Extra £7500

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£7,500
Dental cover (if due to an accident) i	£7,500
Cruciate ligament damage i	£7,500
CT scans i	£7,500
MRI scans i	£7,500
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age compulsory excess changes i	Doesn't change
Amendment fee i	£0

Tesco Bank

Premier £7,500

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£7,500
Dental cover (if due to an accident) i	£7,500
Cruciate ligament damage i	£7,500
CT scans i	£7,500
MRI scans i	£7,500
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age compulsory excess changes i	Doesn't change
Amendment fee i	£0

Tesco Bank

Premier £10,000

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£10,000
Dental cover (if due to an accident) i	£10,000
Cruciate ligament damage i	£10,000
CT scans i	£10,000
MRI scans i	£10,000
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age compulsory excess changes i	Doesn't change
Amendment fee i	£0

Tesco Bank

Standard

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£3,000
Dental cover (if due to an accident) i	£3,000
Cruciate ligament damage i	£3,000
CT scans i	£3,000
MRI scans i	£3,000
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£200
Cremation i	£200
Complementary treatment i	£500
Age compulsory excess changes i	Doesn't change
Amendment fee i	£0

Tesco Bank

Accident & Injury

If renewed, are existing conditions covered? i
Vet fees (per condition) i	£3,000
Dental cover (if due to an accident) i	£3,000
Cruciate ligament damage i	£3,000
CT scans i	£3,000
MRI scans i	£3,000
Prescription diet (treatment of bladder stones only) i	£0
Euthanasia i	£0
Cremation i	£0
Complementary treatment i	£500
Age compulsory excess changes i	Doesn't change
Amendment fee i	£0