Complaints data

This page provides details about the number of complaints we've received, how quickly we dealt with those complaints and how many we upheld.

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We recognise that sometimes things do go wrong and if this happens our aim is to rectify any issues as quickly as we can.

We want customers to tell us about any complaints or concerns they might have, so that we can put matters right. Complaints also provide us with valuable feedback about our products and service, helping us to ensure that we are continually improving the service and experience our customers have with us.

If you would like to know more about how to make a complaint, you can visit our complaints page.

Complaints Publication Report

The table below provides details about the number of complaints we have reported, how quickly we dealt with those complaints and how many we upheld (we have created a glossary to help explain what the headings in the table mean).

Firm name: Tesco Personal Finance PLC

Period covered in this return: 1st March 2018 to 31st August 2018

Brands/trading names covered: Tesco Bank

Complaints Data Table
Product / service groupingProvision (for reporting period end date)*Intermediation (within the reporting period)*Number of complaints openedNumber of complaints closedVolume / % closed within 3 daysVolume / % closed after 3 days but within 8 weeksVolume / % closed after 8 weeksVolume / % upheldMain cause of complaints opened
Banking and credit cards4.5 per 1000 accountsn/a15,65515,1456349 / 42%8771 / 58%25 / <1%6412 / 42%Disputes over sums /charges
Home finance7.9 per 1000 salesn/a17418774 / 40%112 / 60%1 / <1%122 / 65%Unclear guidance / arrangement
Insurance and pure protection (inc. PPI)22.7 per 1000 policies in forcen/a26,80626,0249737 / 37%16,272 / 63%15 / <1%10,940 / 42%Unclear guidance / arrangement
Credit related (Lending)1.9 per 1000 accounts/loansn/a886827n/an/an/a476 / 58%n/a

*Number of complaints opened by volume of business

To put these figures into context:

  • 43,521 complaints (42,635 related to Banking, Mortgages and Insurance, 886 related to Lending) were received over the period, a decrease of 14% on the volume received in the previous 6 months.
  • 99.9% of our complaints were resolved within 8 weeks.
  • We have 3.5 million Banking accounts made up from our Savings, Credit Card and Current Account products, over 470,000 Loans products, and 1.17 million Car and Home Insurance policies in force.

Details of the number of cases referred to the Financial Ombudsman Service (FOS) can be found from visiting their website below.

Glossary of complaint terms


Complaint opened: This means when the complaint reached us.

Complaint closed: This means when we have finished looking into the complaint and the customer has told us that they are happy with the outcome; or we have issued a letter giving our final response.

Complaints closed within 8 weeks: We try and handle the majority of complaints within 8 weeks. This is the timescale set by our regulator, the Financial Conduct Authority.

Complaints upheld by firm: This means the percentage of complaints that were resolved in the customer's favour.