NEW Tesco Current Account - 3% on £3,000

TrustyOven

Not sure I like Tesco online banking's use of Flash.

I've seen anti-Flash sentiment for a while on online tech sites and not sure when it will no longer be supported by the browsers.

davebu

I've now got one of these accounts open, and have deposited 3K. I know I don't have to pay anything else in for the first 2 months to avoid the fee, but was wondering if anyone would be kind enough to tell me exactly what counts as a deposit, as I'm struggling to find it in the small print?

Can I, for example, do an online £750 transfer from my Tesco savings account (or my NatWest current account) then the next day transfer it back again? Then just repeat that process each month?

Steve_xx

davebu wrote: »

I've now got one of these accounts open, and have deposited 3K. I know I don't have to pay anything else in for the first 2 months to avoid the fee, but was wondering if anyone would be kind enough to tell me exactly what counts as a deposit, as I'm struggling to find it in the small print?

Can I, for example, do an online £750 transfer from my Tesco savings account (or my NatWest current account) then the next day transfer it back again? Then just repeat that process each month?

With the Tesco current account you can move the £750 monthly deposit requirement from your Tesco savings account into the Tesco current account and back again within a few seconds and that will satisfy the requirement. In other words, any money from anywhere else counts as a deposit for this account.

basiaking

Hi.
Does anyone know if you use the Tesco debit card to pay off your credit card bill each month, you will earn the club card points? I spend about £1,500 a month on the black Virgin credit card and get Virgin miles but I was wondering if, instead of making the payments by direct debit each month, I just paid it off using the Tesco debit card whether I would still earn 1 club card point per £8 as this would earn me about 187 club card points a month extra? Thank you.

polymaff

davebu wrote: »

I've now got one of these accounts open, and have deposited 3K. I know I don't have to pay anything else in for the first 2 months to avoid the fee, but was wondering if anyone would be kind enough to tell me exactly what counts as a deposit, as I'm struggling to find it in the small print?

Can I, for example, do an online £750 transfer from my Tesco savings account (or my NatWest current account) then the next day transfer it back again? Then just repeat that process each month?

Steve_xx has answered your main point. I'll just add the minor point that if you choose to meet the requirement by an online payment from your NatWest account the funds will usually be in the Tesco account as cleared funds faster than you can log into it - in which case you can move those funds on that same day.

YorkshireBoy

basiaking wrote: »

Hi.
Does anyone know if you use the Tesco debit card to pay off your credit card bill each month, you will earn the club card points? I spend about £1,500 a month on the black Virgin credit card and get Virgin miles but I was wondering if, instead of making the payments by direct debit each month, I just paid it off using the Tesco debit card whether I would still earn 1 club card point per £8 as this would earn me about 187 club card points a month extra? Thank you.

Tesco wrote:

What's not included?

You can't collect Clubcard points on some transactions, including payments from your current account (such as standing orders and Direct Debits), in-store cash or cheque deposits, refunds and using your debit card to pay for bills at banks or other financial institutions.

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Ken68

May be already mentioned, but Tesco Bank are not recognizing the same computer, at least not mine. Maybe something to do with Plus Net variable IP addresses.
Easy fix....telephone banking.

Steve_xx

Ken68 wrote: »

May be already mentioned, but Tesco Bank are not recognizing the same computer, at least not mine. Maybe something to do with Plus Net variable IP addresses.
Easy fix....telephone banking.

You might have your browser set to delete browsing history on exit?

Ken68

Could be Stephen, or maybe cCleaner, will check, but did it this time via telephone, got balance and transfer easy peasy. Need to have security questions to hand. Was Mr Angry.... not now.
Info here,




http://www.tescobank.com/online-banking-help/technical-support.html

savetilibleed

Ken68 wrote: »

May be already mentioned, but Tesco Bank are not recognizing the same computer, at least not mine. Maybe something to do with Plus Net variable IP addresses.
Easy fix....telephone banking.

I find Norton deletes cookies for some websites (which is a drag). Maybe this is happening though it doesn't with Tesco for me. It won't be to do with dynamic IP addressing, as most IPs have you on dynamic unless you ask (and pay usually) for a static IP.