Tesco Bank - can't have more than one current account

Shakin_Steve

bob_a_builder wrote: »

Not within the next 2 years at least

LINK

That link only says that they won't lower the rate, it doesn't say they won't close it to new customers.

dave_hendy

We have a joint Tesco account and 1 individual each, can we open a 4th account? As we have a joint account technically we both have 2 accounts?


Thanks

mgdavid

DonnySaver wrote: »

Thats' probably why I've not even received so much as a confirmation email from them since applying for it. Perhaps they're already struggling with the demand ?

I very much doubt it.
I applied Tuesday evening and received a text the following evening confirming approval.

mgdavid

YorkshireBoy wrote: »

The exact wording is:(section covers both sole and joint applications)


Below this are two radio buttons, neither of which are ticked.

It's difficult to see how it could be misinterpreted?

I agree, I had no difficulty.
However it's clearly a pedant's delight - there's always someone who can find fault, even if it's to their own detriment.

Missus_Hyde

dave_hendy wrote: »

We have a joint Tesco account and 1 individual each, can we open a 4th account? As we have a joint account technically we both have 2 accounts?
Thanks

No, I'm afraid you wouldn't be able to open another account with them.

As far as Tesco are concerned you already have two accounts each with them. (I know this because I asked them, as I was considering a joint account for husband and self and realised that it was more beneficial for us to have two separate accounts in order to get the maximum interest payable.)

soulsaver

dave_hendy wrote: »

We have a joint Tesco account and 1 individual each, can we open a 4th account? As we have a joint account technically we both have 2 accounts?


Thanks

Check with their CS (24hr). They say you can (this morning) clarified with confirming that totals 4 getting the 3%.
You can't have 3 sole & one joint though, that would be seen as one person having more than 2. However you can both have 1 sole & 1 joint.

agrinnall

soulsaver wrote: »

Check with their CS (24hr). They say you can (this morning) clarified with confirming that totals 4 getting the 3%.
You can't have 3 sole & one joint though, that would be seen as one person having more than 2. However you can both have 1 sole & 1 joint.

But unless you are suggesting each person opens a joint account with someone else rather then each other then that is still only 3 accounts between the 2:

Person A: sole account 1
Person B: sole account 2
Person A and B: joint account 3

dave_hendy

soulsaver wrote: »

Check with their CS (24hr). They say you can (this morning) clarified with confirming that totals 4 getting the 3%.
You can't have 3 sole & one joint though, that would be seen as one person having more than 2. However you can both have 1 sole & 1 joint.

Don't see why you should be penalized for having a joint account, I will see what they say. Sometimes you can do another joint account with the names switched round so the primary becomes the secondary?

dave_hendy

dave_hendy wrote: »

Don't see why you should be penalized for having a joint account, I will see what they say. Sometimes you can do another joint account with the names switched round so the primary becomes the secondary?

Phoned Tesco tonight and have taken my wife off the joint account so she can open a 2nd account, that's the only way round it. At least you can do it. Quite a wait to get through though!

soulsaver

agrinnall wrote: »

But unless you are suggesting each person opens a joint account with someone else rather then each other then that is still only 3 accounts between the 2:

Person A: sole account 1
Person B: sole account 2
Person A and B: joint account 3

I took it she meant two joint accounts with different account numbers would do the trick... and hardly unique.
Person A: sole account 1
Person B: sole account 2
Person A and B: joint account 3 opened by A
Person B and A: joint account 4 opened by B

= 2 accounts each.