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 travel, car, home and pet insurances.

As of 2016, Tesco Bank is branchless.

Their headquarters are in Edinburgh.

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Car insurance

Ranked 29^th of 56 providers reviewed.

Customer happiness	61.56%
Customer trust	53.69%
Complaints performance	78%
Transparency rating	60.35%
Fairer Finance score Reviewed Spring 2021	63%

Credit cards

Ranked 4^th of 28 providers reviewed.

Customer happiness	66.13%
Customer trust	55.65%
Complaints performance	81.16%
Transparency rating	58.51%
Fairer Finance score Reviewed Spring 2021	65%

Home insurance (building and contents)

Ranked 14^th of 52 providers reviewed.

Customer happiness	57.16%
Customer trust	50.75%
Complaints performance	79.68%
Transparency rating	72.35%
Fairer Finance score Reviewed Spring 2021	65%

Personal loans

Ranked 6^th of 25 providers reviewed.

Customer happiness	64.5%
Customer trust	51.92%
Complaints performance	81.16%
Transparency rating	67.37%
Fairer Finance score Reviewed Spring 2021	66%

Pet insurance

Ranked 9^th of 28 providers reviewed.

Customer happiness	55.25%
Customer trust	50.45%
Complaints performance	69.22%
Transparency rating	78.85%
Fairer Finance score Reviewed Spring 2021	63%

Savings accounts

Ranked 28^th of 50 providers reviewed.

Customer happiness	48.66%
Customer trust	52.37%
Complaints performance	81.16%
Transparency rating	70.87%
Fairer Finance score Reviewed Spring 2021	63%

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

Duration of balance transfer offer period i	26 or 20 or 16 months
Balance transfer fee during promotional period i	2.99%
Representative APR i	20.90%
Balance transfer rate during promotional period i	0%
Representative balance transfer rate i	1.60%
Risk based? i

Duration of balance transfer offer period i	18 or 15 or 12 months
Balance transfer fee during promotional period i	2.99%
Representative APR i	20.90%
Balance transfer rate during promotional period i	0%
Representative balance transfer rate i	1.60%
Risk based? i

Duration of balance transfer offer period i	3 months
Balance transfer fee during promotional period i	2.99%
Representative APR i	20.90%
Balance transfer rate during promotional period i	0%
Representative balance transfer rate i	1.60%
Risk based? i

Duration of purchases offer period i	20 or 16 or 14 months
Representative APR i	20.90%
Highest APR i	27.90%
Purchase rate during promotional period i	0%
Representative purchase rate i	1.60%
Number of days before interest is charged on purchases i	56 days
Risk based? i

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%

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

Foreign purchase fee i	2.75%
Foreign withdrawal fee i	3.99%
Representative APR i	20.90%
Number of days before interest is charged on non-sterling cash transactions i	0 days
Risk based? i
Representative purchase rate i	1.60%

Representative APR i	9.90%
Representative cash transaction interest rate i	1.87%
Representative purchase rate i	0.79%
Risk based? i
Representative balance transfer rate i	0.83%
Representative money transfer rate i	0.83%

Money transfer rate during promotional period i	0%
Duration of money transfer offer period i	12 months
Money transfer fee during promotional period i	3.99%
Representative APR i	20.90%
Risk based? i
Representative cash transaction interest rate i	2.21%

Matching sets i
Theft from outbuildings cover limit i	£5,000
Escape of water excess i	£250
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
24hr helpline i

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

Theft from outbuildings cover limit i	£5,000
Matching sets i
Cover for keys if lost i	Sum insured
Cover limit for cycles in the home i	Part of sum insured
Replace belongings new for old i
Alternative accommodation cover limit i	£15,000
Money in the home cover limit i	£500
Cover for keys if stolen i	Sum insured
24hr helpline i

Vet fees cover limit per condition i	£4,000
Dental cover (if due to an accident) i	£4,000
If renewed, are existing conditions covered? i
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

Vet fees cover limit per condition i	£7,500
Dental cover (if due to an accident) i	£7,500
If renewed, are existing conditions covered? i
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

Vet fees cover limit per condition i	£10,000
Dental cover (if due to an accident) i	£10,000
If renewed, are existing conditions covered? i
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

Vet fees cover limit per condition i	£2,000
Dental cover (if due to an accident) i	£2,000
If renewed, are existing conditions covered? i
Cruciate ligament damage i	£2,000
CT scans i	£2,000
MRI scans i	£2,000
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

Vet fees cover limit per condition i	£3,000
Dental cover (if due to an accident) i	£3,000
If renewed, are existing conditions covered? i
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

Cancelling before travel cover limit i	£10,000
Medical excess i	£0
Personal Possessions and Baggage - damaged, lost or stolen- cover limit i	£3,000
Cutting trip short cover limit i	£10,000
Abandoning your trip cover limit i	£10,000
Emergency medical cover and repatriation cover limit i	£10,000,000
Mental health cover i
Lost or stolen cash i	£500
Combined passport & travel cover limit i	£500
Natural disaster relocation cover i
Natural disaster baggage cover i
Max trip duration i	31 days

Missed port departure cover limit i	£1,000
Re-joining a cruise cover limit i	£0
Cabin confinement cover limit i	£1,000
Missed port departure excess i	£99
Timetable/itinerary change cover limit i	£500
Unused excursions cover limit i	£500

Cancellation cover for if policy holder has covid (confirmed either by test result or doctor's note) within 14 days of departure date? i
Cover for change in the FCDO advice whilst on trip? e.g. between when you fly out and come home?
Does the policy cover medical cover if you catch Covid-19?
Cancellation cover for if travel companion has covid-19 (confirmed either by test result or doctor's note) within 14 days of departure date? i
Cancellation cover due to a close relative having covid-19 and is admitted to hospital (this person is not travelling but you cancel trip to stay near them)
Cancellation/curtailment: bereavement of a close relative due to Covid
Cancellation/curtailment cover if denied boarding by airline because displaying symptoms?
Cover for all aspects of the policy, (EXCEPT cancellation and curtailment) for change in the FCDO advice between when you book and departure?
No additional premium to extend policy due to getting covid-19 (for days of trip extended)

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

Travel insurance

Annual multi-trip insurance

Single trip insurance

Travel insurance add-on: cruise cover

Travel Insurance Covid-19 Cover

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