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 current accounts, mortgages and loans. Customers can gain Tesco Clubcard points when they purchase financial products.

Tesco Bank also offers car, home and pet insurances.

As of 2016, Tesco Bank is branchless.

Their headquarters are in Edinburgh.

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Bank accounts

Ranked 4^th of 34 providers reviewed.

Customer happiness	71%
Customer trust	54%
Complaints performance	82%
Transparency rating	56%
Fairer Finance score Reviewed Autumn 2019	66%

Car insurance

Ranked 6^th of 53 providers reviewed.

Customer happiness	54%
Customer trust	47%
Complaints performance	83%
Transparency rating	68%
Fairer Finance score Reviewed Autumn 2019	63%

Credit cards

Ranked 4^th of 32 providers reviewed.

Customer happiness	65%
Customer trust	51%
Complaints performance	82%
Transparency rating	51%
Fairer Finance score Reviewed Autumn 2019	62%

Home insurance (building and contents)

Ranked 16^th of 49 providers reviewed.

Customer happiness	57%
Customer trust	48%
Complaints performance	85%
Transparency rating	50%
Fairer Finance score Reviewed Autumn 2019	60%

Personal loans

Ranked 6^th of 29 providers reviewed.

Customer happiness	64%
Customer trust	49%
Complaints performance	82%
Transparency rating	60%
Fairer Finance score Reviewed Autumn 2019	64%

Pet insurance

Ranked 4^th of 26 providers reviewed.

Customer happiness	60%
Customer trust	51%
Complaints performance	85%
Transparency rating	56%
Fairer Finance score Reviewed Autumn 2019	63%

Savings accounts

Ranked 15^th of 46 providers reviewed.

Customer happiness	53%
Customer trust	48%
Complaints performance	82%
Transparency rating	67%
Fairer Finance score Reviewed Autumn 2019	62%

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

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

Duration of balance transfer offer period i	28 or 22 or16
Balance transfer fee during promotional period i	2.98%
Representative APR i	19.90%
Risk based? i
Balance transfer rate during promotional period i	0%
Representative balance transfer rate i	1.66%

Duration of balance transfer offer period i	15 months
Balance transfer fee during promotional period i	1.49%
Representative APR i	19.90%
Risk based? i
Balance transfer rate during promotional period i	0%
Representative balance transfer rate i	1.66%

Duration of balance transfer offer period i	28 or 22 or 16
Balance transfer fee during promotional period i	2.98%
Representative APR i	19.90%
Risk based? i
Balance transfer rate during promotional period i	0%
Representative balance transfer rate i	1.66%

Duration of balance transfer offer period i	3 months
Balance transfer fee during promotional period i	2.90%
Representative APR i	19.90%
Risk based? i
Balance transfer rate during promotional period i	0%
Representative balance transfer rate i	1.66%

Duration of purchases offer period i	15 months
Representative APR i	19.90%
Highest APR i	26.90%
Risk based? i
Purchase rate during promotional period i	0%
Representative purchase rate i	1.53%
Number of days before interest is charged on purchases i	56 days

Duration of purchases offer period i	22 or 16 or 12
Representative APR i	19.90%
Highest APR i	26.90%
Risk based? i
Purchase rate during promotional period i	0%
Representative purchase rate i	1.53%
Number of days before interest is charged on purchases i	56 days

Duration of purchases offer period i	18 or 15 or 12
Representative APR i	37.70%
Highest APR i	45.40%
Risk based? i
Purchase rate during promotional period i	0%
Representative purchase rate i	1.53%
Number of days before interest is charged on purchases i	56 days

Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i	£32.38
Estimated amount of money customers get back after the 1st year (minus annual fee) i	£32.38
Risk based? i
Annual fee after 1st year i	£0
Foreign purchase fee i	2.75%

Reward extras i
Estimated amount of money customers get back in the 1st year (minus annual fee) i	£-63.62
Estimated amount of money customers get back after the 1st year (minus annual fee) i	£-63.62
Risk based? i
Annual fee after 1st year i	£96
Foreign purchase fee i	0%

Representative APR i	27.50%
Representative cash transaction interest 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

Representative APR i	9.90%
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	0.79%

Money transfer rate during promotional period i	0%
Duration of money transfer offer period 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 interest rate i	1.87%

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

Finding & repairing a leak cover limit i	£5,000
Matching sets i
Cover for keys 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 if stolen i	Sum insured
Property owner liability i	£2,000,000
24hr helpline i

If renewed, are existing conditions covered? i
Vet fees cover limit 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 cover limit i	£200
Cremation i	£200
Complementary treatment i	£500
Age when compulsory excess rises i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i	£1,500

If renewed, are existing conditions covered? i
Vet fees cover limit 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 cover limit i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age when compulsory excess rises i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i	£1,500

If renewed, are existing conditions covered? i
Vet fees cover limit 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 cover limit i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age when compulsory excess rises i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i	£1,500

If renewed, are existing conditions covered? i
Vet fees cover limit 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 cover limit i	£200
Cremation i	£200
Complementary treatment i	£1,000
Age when compulsory excess rises i	Doesn't change
Cancellation fee i	£0
Amendment fee i	£0
Does the policy offer cover if the pet dies because of an illness or accident, or if it’s lost or stolen? i	£1,500

Tesco Bank

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

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