Changes to Tesco bank T&C's

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Here is the link outlining the changes to your agreement:

Changes to your Tesco Bank Current Account agreement

We recommend that you print, save or download a copy of the “Changes to your Tesco Bank Current Account agreement” for future reference. This link will remain unchanged for a minimum of six months from the date of this email. You can also view the outlined changes online at http://www.tescobank.com/current-accounts/existing-customers
How we handle cheques is changing


The timescales for cheques clearing are reducing across the industry, meaning banks will have to make a decision earlier in the day on whether to pay a cheque drawn from their customer’s account. From 30 October 2017 we will reject a cheque if, on the day we are asked to pay it, you have insufficient funds in your account. You will no longer have an opportunity to pay money into your account on the day to allow us to pay a cheque. We will now send you a text message the same afternoon to advise you when we have rejected a cheque so you can make alternative arrangements.

Unpaid transaction fees when we reject a cheque drawn on your account

From 30 October 2017 we will no longer charge you an unpaid transaction fee each time we reject a cheque drawn on your account.

Monthly Maximum Charge

As of 2 August 2017, we have capped the amount of unarranged overdraft charges that we will apply to your account each statement month if you go into an unarranged overdraft. The monthly cap on unarranged overdraft charges for your Tesco Bank current account(s) is £75. Further details can be found online at https://www.tescobank.com/mmc

Please tell us if your name or contact details change. If you don't we'll continue to use the details you last gave us, and we won't be responsible if we can't contact you or if we send confidential information using out-of-date contact details.

Yours sincerely

Your Tesco Bank Current Account Team