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.

Tesco Bank
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Gold ribbon: first place

Bank accounts

Ranked 7th of 30 providers reviewed.

Customer happiness 65%
Customer trust 57%
Complaints performance 81%
Transparency rating 61%
Fairer Finance score
Reviewed Spring 2019
66%
Gold ribbon: first place

Car insurance

Ranked 7th of 51 providers reviewed.

Customer happiness 56%
Customer trust 47%
Complaints performance 83%
Transparency rating 59%
Fairer Finance score
Reviewed Spring 2019
61%
Gold ribbon: first place

Credit cards

Ranked 11th of 34 providers reviewed.

Customer happiness 64%
Customer trust 51%
Complaints performance 81%
Transparency rating 41%
Fairer Finance score
Reviewed Spring 2019
60%
Gold ribbon: first place

Home insurance

Ranked 7th 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 12th of 23 providers reviewed.

Customer happiness 56%
Customer trust 54%
Complaints performance 77%
Transparency rating 29%
Fairer Finance score
Reviewed Spring 2019
54%
Gold ribbon: first place

Personal loans

Ranked 6th of 24 providers reviewed.

Customer happiness 63%
Customer trust 49%
Complaints performance 81%
Transparency rating 53%
Fairer Finance score
Reviewed Spring 2019
62%
Gold ribbon: first place

Pet insurance

Ranked 2nd 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 27th of 42 providers reviewed.

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

Car insurance

Tesco Bank

Car Insurance

3 stars
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

2 stars
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

4 stars
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

4 stars
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

3 stars
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

2 stars
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

2 stars
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

2 stars
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

1 stars
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

4 stars
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

3 stars
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

3 stars
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

3 stars
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

3 stars
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

3 stars
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

3 stars
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

3 stars
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

3 stars
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

3 stars
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

3 stars
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

3 stars
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

3 stars
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

2 stars
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

4 stars
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

Tesco Bank

Low APR

2 stars
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

1 stars
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

1 stars
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

1 stars
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

1 stars
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

1 stars
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

1 stars
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

1 stars
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

4 stars
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

3 stars
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

3 stars
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

4 stars
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

4 stars
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

4 stars
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

4 stars
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

4 stars
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

3 stars
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

2 stars
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

1 stars
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

4 stars
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

4 stars
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

4 stars
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

4 stars
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

4 stars
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

4 stars
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

4 stars
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

4 stars
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

3 stars
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

1 stars
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

4 stars
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

4 stars
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

4 stars
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

4 stars
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

4 stars
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

3 stars
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

1 stars
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