How to set up online and mobile banking

Remember when, if you wanted to do any banking, you'd actually have to go into a bank? Since then, online banking and mobile banking apps have changed things for the better.

Published

31 Jul 2017

What is online banking?

Welcome to the wonderful world of online banking, where you can have a clear view of exactly how much money you have, where it's going and what bills are coming out when. In short: all of this information can help you budget smart.

Online banking allows you to do your banking from your desktop, laptop, tablet or mobile, as long as your device has access to a web browser. You can manage your account from the comfort of, well, almost anywhere.

It's easy to see why people bank online when you look at some of the things you can do:

  • See your balances of all of your accounts
  • Go through all of your statements and transactions in detail
  • Transfer money between accounts
  • Make bill payments and send money out to family or friends
  • Apply for an overdraft
  • Pay off your credit card or set up a Direct Debit

How to set up online banking on your account

Getting yourself set up for online banking is really simple, and for most banks you'll be taken through a few security steps to complete your registration.

Our online banking registration process takes just 5 minutes and will give you access to all of the features listed above and more. If you'd like to set up with us, you can head to our online banking section to get started.

Research suggests that by 2020 we will use our mobiles to manage our current accounts 2.3 billion times in a year – that’s more than the internet, branch and telephone banking combined.

What is mobile banking?

Imagine life without your mobile - almost unthinkable, isn't it? That's not just because meeting up with friends would be nigh on impossible without the obligatory 'nearly there' text, but also because we use our phones for pretty much everything.

This goes for banking too. You can manage your money wherever you are, whenever you want, 24 hours a day.

With mobile banking, you can have most of the same access that you find in online banking, but in a secure app on your phone. Our Tesco Bank Mobile Banking App is available for Android or Apple phone users where the benefits and features of online banking are just a click away - or fingerprint, if you have a newer compatible device.

For most banking apps, including ours, you will need to have already set yourself up for online banking to be able to get started with mobile banking.

The benefits of mobile banking

You’re in the know

How many times have you stressed over buying something because you didn't know if you had enough in your account to cover it? With mobile banking you can check your balance instantly. So next time you spot a must-have bargain, you'll have the confidence in knowing you have the budget to do so.

And if you don't have time to properly sit down and review your spending for the month, don't worry. With a mobile banking app, you can fit this in to the time you do have - on the bus, in the park, whilst you're out shopping. Anywhere really. You can be kept up to speed when it's convenient for you.

It makes it easier

If you're like 80% of the UK's population then you have a smartphone. And if, like most of us, you have it with you all the time, then you could have the ability to bank anytime. With an ever growing set of features to help you manage your finances, mobile banking is built to be as quick and as accessible as possible. Meaning all those little payments that you suddenly remember you have to pay, can easily be done - that's one less thing to remember.

Avoid fees with text alerts

Set up text-alerts and your bank will let you know if you're about to become withdrawn. Whether you bank online or on your mobile, it's easy to transfer money between your accounts to avoid pesky bank charges.

a man checking his balance using the Tesco Bank mobile app

Wave goodbye to cash

Take advantage of retailers offering contactless payments by adding your card onto a Digital Wallet, such as Apple Pay or Android Pay. You can make quick, easy payments of under £30, without having to reach for your purse, by running your phone over the card reader instead of your card.

Our guide to Digital Wallets will tell you everything you need to know about how to get started using them.

Find out more about the Tesco Bank Current Account

Important information

The content on this page aims to offer an informative introduction to the subject matter but does not constitute expert financial advice specific to your own situation. All facts and figures were correct at time of publication and were compiled using a range of sources.