Tesco Bank have changed their details

[Deleted User]

Just going off on a very slight tangent here - I am receiving a lot of phishing emails supposedly from Tesco - that could mislead some people.
I realise that's not what's being said here but I felt it something worth interrupting for, sorry.
Back to topic

System

molerat wrote: »

40 02 50 is HSBC
40 64 15 is Tesco

Obviously moving the payments in house.

Aren't they both HSBC sort codes?
The latter is just a dedicated Tesco Bank one.

20aday

I made a Faster Payment the other day using the old account details as it's reached my account.

There's likely to be a cross-over period before the old details become obsolete?

lifethrualens

Tesco haven't said the old details are becoming obsolete. Payments sent to the old details will still be accepted provided the reference is correct.

Direct debits aren't impacted by the change to bank details either

System

lifethrualens wrote: »

Tesco haven't said the old details are becoming obsolete. Payments sent to the old details will still be accepted provided the reference is correct.

Direct debits aren't impacted by the change to bank details either

They will be getting redirected or they old details will still operate (in tandem) for a period of time. Both sort codes are ultimately supplied by HSBC.

adindas

I just checked my June statement, I could still see bank Giro Credit address to the following Account.
42-74-70 which is HSBC Bank

It is exactly the same with the January Statement.

If you are asking them to set up DD, I wonder why care about changing Sort code,ac No. If there is a mispayment due to changing A/C it will not be your fault.

You could chekc the sort code from here
http://www.fasterpayments.org.uk/consumers/sort-code-checker

40 02 50 is HSBC Bank
40 64 15 is Tesco Bank

Shakin_Steve

On my April statement, it said that the details had changed for faster payments, no mention of DD's or SO's. The information was printed on one statement only, wasn't there on May's.

System

adindas wrote: »

I just checked my June statement, I could still see bank Giro Credit address to the following Account.
42-74-70 30274704 whihc is HSBC BAnk

It is exactly the same with the January Statement.

If you are asking them to set up DD, I wonder why care about changing Sort code,ac No. If there is a mispayment due to changing A/C it will not be your fault.

You could chekc the sort code from here
http://www.fasterpayments.org.uk/consumers/sort-code-checker

40 02 50 is HSBC Bank
40 64 15 is Tesco Bank

All three sort codes are HSBC, it's just the 406415 one is used solely by Tesco Bank.

lifethrualens

Shakin_Steve wrote: »

On my April statement, it said that the details had changed for faster payments, no mention of DD's or SO's. The information was printed on one statement only, wasn't there on May's.

Standing Orders are sent by Faster Payment. SO is the instruction, but FPS is the method.

The sort code and account number on the Bank Giro Credit slip at the bottom of the statement (as mentioned by adindas) are only for paying over the counter with the Bank Giro Credit slip itself, they aren't processed as FPS therefore aren't impacted by the change.

Tesco Bank clear through HSBC therefore any sort code is tied to HSBC.

The FPS details are there for those who don't want to pay by DD or want to send an extra payment every so often.

Kmason1983

Hi
I've just paid my bill using the old account and sort code as they only put the info in Mays statement and by June the statement I needed to pay it didn't mention it so I used the one I've had set up previously
How long did it take for your faster payment to bounce back as I'm worried I've lost £62 to the banking ether