All the updated news related to tesco bank

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Personal Finance

Savers ‘withdrawing £118 per month on average to make it through to payday’

People forced to dip into savings to make it through to payday amid surging living costs are withdrawing £118 a month on average, a survey has found. Around two thirds (68%) of people who set a budget end up dipping into their savings to make it ...

24 Feb 2022 at 14:55

Thousands could be in line for motor insurance refund from Tesco Bank

Thousands of Tesco Bank customers will be entitled to a refund after the lender told them their no claims bonus protection would be around £1.2 million cheaper collectively than it actually was. In writing to 124,451 customers between April ...

28 Jan 2022 at 12:25

Personal Finance

More than a quarter of people ‘expect to start 2023 in debt’

More than a quarter (26%) of people will be seeing in the new year in debt, a survey suggests. The types of debts covered included informal debts such as borrowing from friends or family, as well as credit card spending, overdrafts, loans ...

17 Dec 2022 at 00:01

Personal Finance

Squeezed holidaymakers typically exchanging less currency this year, bank finds

Holidaymakers are typically changing lower amounts into foreign currency to spend abroad in 2023 than last year, according to internal data from a bank. In signs of people having reduced budgets as living costs bite, the average amount ...

26 Jul 2023 at 09:52

Personal Finance

28% of disabled people ‘have seen finances hit by lack of ease contacting firms’

Nearly three-quarters (73%) of people with disabilities have delayed contacting an essential service provider because it seemed too daunting, a survey indicates. This could mean they are potentially missing out on much-needed support ...

21 Sept 2023 at 09:18

This Is Rigged activists occupy Tesco Bank offices

Climate change protesters have occupied the offices of a bank in Glasgow by holding a Christmas party in the foyer and are refusing to leave. Twelve This Is Rigged activists entered Tesco Bank on Renfield Street at around 11am on ...

14 Dec 2023 at 13:19

City

Barclays agrees to buy Tesco Bank

Barclays has agreed to buy the retail banking business of Tesco Bank, including acquiring its 2,800 staff, the companies have announced. The banking giant expects to pay roughly £600 million for the credit cards, loans, savings ...

09 Feb 2024 at 08:04

City

Barclays buys Tesco’s consumer bank for £600m

Barclays has agreed to buy Tesco Bank’s retail banking operations for £600 million, as the UK’s biggest supermarket sharpens its focus on its food business. The banking giant will scoop up its credits cards, loans, savings and ...

09 Feb 2024 at 13:12

Personal Finance

Holidaymakers taking more cash away on their trips, says Tesco Bank

Holidaymakers are taking more cash away with them than they did before the coronavirus pandemic, according to a bank. Average transaction values have risen by £56, from £288 pre-pandemic to £344, according to Tesco Bank’s ...

14 Jul 2022 at 12:15

Concerns over plan to transfer some Tesco Bank services to Barclays, court told

Hundreds of people have raised concerns over the transfer of some of Tesco Bank’s services to the UK arm of Barclays “over the situation in Gaza”, the High Court has been told. Tesco Personal Finance (TPF), which trades ...

17 Oct 2024 at 12:30

Transfer of some Tesco Bank services to Barclays approved by High Court judge

The transfer of parts of Tesco Bank to the UK arm of Barclays has been approved by a High Court judge amid objections from some customers and pro-Palestine protesters over the “situation in Gaza”. Tesco Personal ...

17 Oct 2024 at 17:52

Personal Finance

Finance experts suggest ways to teach children good money habits over the summer

The summer holidays can be a “perfect time” for parents to teach children about budgeting and spending, finance experts have said. Introducing children and young people to good money habits from a young age can ...

09 Jun 2025 at 00:01

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