Log in Register Bank Credit Cards Loans Savings Insurance Tools and guides Community Help Current Account Closures Tesco Bank Current Accounts are closing After a careful review of our products, we've made the decision to close all our Current Accounts on 30 November 2021. Here’s everything you need to know about closing your Tesco Bank Current Account. What does the closure mean for me? If you want to move to a new bank account, it’s now too late to request an automatic switch using the Current Account Switch Service. Instead, you’ll need to move or set up any regular payments with a new bank yourself. And before 30 November 2021, please: Make sure you have a current account with another bank if you need one. You can find information to help you choose a new bank account at Money Helper. Move any regular incoming or outgoing payments to a different account. Your payments will not be made after 30 November 2021, including your salary, benefit payments, or payments including Direct Debits and standing orders. Move any money to another account, to leave your balance at £0. 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 will no longer be able to use your account from 30 November. Here are a few things you can do before then. Open a new Current Account If you need a new bank account, unfortunately it’s too late to automatically switch using the Current Account Switch Service. So if you open a new account, you’ll need to set up any regular payments again with your new bank. It may take a few days to open a new account, so you should do this as soon as you can. Money Helper has more information on the different kind of current accounts available. 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 Current Account closure form Move my payments and money Your payments will not be made from 30 November 2021. So please update any regular incoming and outgoing payments to another account to make sure these continue to be made. Please leave your account with a balance of £0 by 30 November 2021. You can do this by transferring your money into another account or by paying off your overdraft balance. Think you’ll still be overdrawn on 30 November 2021? See how we can help Could one of our other products work for you? 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. Check out Clubcard Pay+ Savings accounts Need a new place for your rainy day fund? You could move your money to one of our savings accounts. Compare our Savings Accounts 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). Discover our Credit Cards I'm overdrawn, what does this mean for me? After 30 November 2021, you won’t be able use your overdraft. Our Financial Assist Team will get in touch to offer you support in paying this money back as soon as you can. We won’t charge you any interest on the outstanding balance. However, you should repay this money as soon as you can, as it will show on your credit file until it’s paid off. If you’re struggling to pay off your overdraft, we can arrange a repayment plan that’s affordable for you, call us before 30 November 2021 on 0345 366 6468*. Current Account Closure Support Hub To help support you in closing your account, including information around your overdraft, we've created a support hub of useful hints and tips. Support hub 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* Other ways to contact *This number may be included as part of any inclusive call minutes provided by your phone operator. Calls may be recorded. About us Changing for climate change Corporate website Careers Contact us Our partners Tesco.com Media and investors Security and legal Security and Fraud Centre Social Media House Rules Privacy and cookies Website terms of use Accessibility Follow us © 2021 Tescobank.com. All rights reserved. Sitemap