Tesco Bank Current Accounts are closing

After a careful review of our products, we've made the decision to close all our Current Accounts.

Our Current Accounts will close on 30 November 2021, but you can continue to use your account as normal until then.

Here’s everything you need to know about closing your Tesco Bank Current Account.

What does the closure mean for me?

You can continue to use your current account as normal. But before the end of November, you should:

  • Find a Current Account with another bank that meets your needs. There are a range of bank accounts available, including basic bank accounts which may be suitable for customers with a low credit score. You can find more information on switching accounts on our support hub, or visit Money Helper for advice.
  • Move any regular incoming or outgoing payments to a different account
  • Make sure your account has a balance of £0.00

Only your current account will be closed. If you have a credit card or savings account with us, they’ll remain open. However you should update your payment details on these accounts if they’re linked to your Tesco Bank Current Account.

From 15 October 2021, Tesco Stores Customer Service Desks will no longer offer cash withdrawals and deposits.

To make things as easy as possible, you’ll find more information below on what you can do next, or you can visit our Support Hub

    What can I do next?

    You can continue to use your current account as normal until 30 November 2021. Here are a few things you can do before then.

      Switch my Current Account

      Once you’ve found a current account with another bank you can ask them to switch your Tesco Bank Current Account for you.

      By using the Current Account Switch Service, all your payments and money will move to your new bank and your Tesco Bank Current Account will close automatically - so you don’t need to contact us.

      Close my Current Account

      To close your Current Account, you need to take your balance to £0. We’ll then close it for you on 30 November 2021 and send you a closing statement.

      If you’d like to close your account earlier, you can complete our PDF closure form, or contact us

      Clear my overdraft

      You need to ensure your account has a balance of £0 by 30 November 2021. When switching accounts you may also be able to switch your overdraft.

      Could one of our other products work for you?

      Clubcard

      Clubcard Pay+

      The new way to pay, save and pick up extra points. Available to Tesco Clubcard members aged 18 or over. UK residents only. Subject to status.

      Pound symbol icon

      Savings accounts

      Need a new place for your rainy day fund? You could move your money to one of our savings accounts.

      Clubcard card icon

      Credit cards

      Manage your money better and collect Clubcard points with a card that works for you. Available to UK residents, 18+ only. Subject to status.

      20.9% APR representative (variable).

      I'm overdrawn, what does this mean for me?

      You'll need to make sure your overdraft balance is £0 by 30 November 2021.

      You may be able to transfer any overdraft you have using the Current Account Switch Service. You’ll just need to make sure that your new bank or building society will offer you an overdraft for an amount that's the same or greater than your current overdraft. If they can only offer you a lower overdraft limit, you'll need to repay any overdraft balance with us that you can't transfer.

      If you’re struggling to pay off your overdraft, we can arrange a repayment plan that’s affordable for you, call us on 0345 366 6468*.

        Current Account Closure Support Hub

        To help support you in closing your account, including information around your overdraft or your switching options, we've created a support hub of useful hints and tips.

          Contact us, we're here to help

          Want to chat rather than scroll? Our UK-based teams are here to talk to you seven days a week.

          0345 366 8818*

            *This number may be included as part of any inclusive call minutes provided by your phone operator. Calls may be recorded.