Switch your current account to Tesco Bank

Sit back and relax – we'll switch everything over for you, guaranteed

Tesco Current Accounts are part of the Current Account Switch Service, which guarantees a reliable and stress-free switch from your old current account in just seven working days.

So if you already have a Tesco Current Account all you have to do is login to your online banking or give us a call to arrange a switch.


    All done in 7 working days

    • 1
      We’ll move your existing Direct Debits and standing orders
    • 2
      We’ll move all your incoming payments, like your salary
    • 3
      We’ll transfer your balance and close your old account
    • 4
      We’ll redirect any payments made to your old account by accident

    Switch to the Tesco Bank Current Account

    Current Account Switch Guarantee

    We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.

    • The service is free to use and you can choose and agree your switch date with us.
    • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
    • If you have money in your old account, we will transfer it to your new account on your switch date.
    • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
    • If there are any issues in making the switch, we will contact you before your switch date.
    • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
      Crystal Mark 20785
        Switch guaranteed

        Your switch in detail

        Access your money

        It's your money, so you can get hold of it at any time during the switch

        You'll be able to access the funds in your old bank account up to and until we complete your switch when they'll be transferred to your Tesco Current Account. Also, we won't start the switch process unless your Tesco debit card is active to make sure you always have access to your money.

        That means you can access your money with your old card right up to your switch date, and swap over to your Tesco debit card after that.

          Accounts with an overdraft

          Bank accounts that include an overdraft can be switched using the Current Account Switch Service, however it is important to ensure you have enough money available to pay off any overdrawn balance you may have with your old bank.

          You can apply for an arranged overdraft on your Tesco Current Account by logging into online banking or by giving us a call.

            Keep your old account

            Want to keep your old account open but move all your payments to your Tesco Current Account?

            You could consider using our Payments Transfer Service instead of switching.

            You can do this at any time, although unfortunately it’s not covered by the Switch Guarantee so it might take longer than seven working days.

            Want to keep your old account open but move all your payments to your new Tesco Current Account?

            Feature

            Current Account Switch Service

            Payments Transfer Service

            The switch date can be selected in advance and agreed with the new bank

              Yes

                No

                  All payment arrangements are transferred automatically

                    Yes, all payment arrangements will be transferred

                      Yes, we’ll transfer all outward direct debits, bill payments/payees and standing orders

                        Transactions will be redirected to ensure all payments attempting to be collected from or being made to an old account will redirect to the new account

                          Yes, there is an automated re-direction service

                            No

                              Closing balance transfers automatically

                                Yes

                                  No

                                    Old account will close automatically

                                      Yes

                                        No

                                          Customers are protected by a service Guarantee

                                            Yes

                                              No

                                                The switch will occur in 7 working days

                                                  Yes

                                                    No, not guaranteed

                                                        Contact our dedicated Switching team on 0345 366 6470* to arrange a payment transfer.

                                                        *This number may be included as part of any inclusive call minutes provided by your phone operator. Lines are open 8am to 8pm, 7 days a week. Calls may be recorded.

                                                          More about switching

                                                          More information about the Current Account Switch Service

                                                          The Current Account Switch Service is run by Bacs, the not-for-profit organisation behind Direct Debit in the UK. Over 40 UK banks and building societies participate in the service and have signed up to the Current Account Switch Guarantee.

                                                            Third party provider permissions

                                                            Third party provider permissions

                                                            If you have given permissions to Third Party Providers link to Community FAQ to make payments on your behalf, or to access your financial data, access to these services won't be transferred automatically to your new account as part of the Current Account Switch Service.

                                                            1. Before you close your old account, check whether you have any Third Party Provider permissions set up and if so, who with.

                                                            2. Once your new account is open you can give your permission to the Third Party Provider to access your new account by providing them with your new account details. You will need to contact the Third Party Provider directly yourself to set this up.

                                                            3. If you are unsure as to whether your New Bank will support the Third Party Provider permissions on your account, you will need to discuss this ahead of your switch with your New Provider who will be able to advise you of this.

                                                            Please check Tesco Bank Mobile and Online terms and conditions below for more information about Third Party Providers.