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Tesco Current Account Requirements

bluebell321
bluebell321 Posts: 122 Forumite
in Budgeting & bank accounts
When did the rules for direct debits change?
I have had one current account for a long time and receive interest despite no DD.
recently applied for a second account and noticed that 3 DD are required and stipulates NOT to Tesco savings.
Have I just been lucky with my old account?

Comments

  • Zanderman
    Zanderman Posts: 4,986 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Older accounts have different terms. Only new accounts need the DDs and monthly deposit.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    bluebell321 wrote: »
    When did the rules for direct debits change?
    I have had one current account for a long time and receive interest despite no DD.
    recently applied for a second account and noticed that 3 DD are required and stipulates NOT to Tesco savings.
    Have I just been lucky with my old account?
    Your question appears to be answered on their website under the heading "Help for existing current account customers". If you take a look you'll see the answer is 1st April 2017.


    http://www.tescobank.com/current-accounts/existing-customers/
  • Geoff1963
    Geoff1963 Posts: 1,088 Forumite
    3 DD are required and stipulates NOT to Tesco savings
    I think a lot of people were breaking the spirit of the rules.
  • surreysaver
    surreysaver Posts: 5,118 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Geoff1963 wrote: »
    I think a lot of people were breaking the spirit of the rules.

    If the rule didn't exist, how can you break the spirit of it?
    I consider myself to be a male feminist. Is that allowed?
  • genieuk
    genieuk Posts: 341 Forumite
    Part of the Furniture 100 Posts Combo Breaker Mortgage-free Glee!
    They paused applications a few months ago as demand exceeeded their expectations, they then changed their t&c's on opening new accounts.
    Mortgage
    June 2011 £145,943.13
    Dec 16 £74,537; Feb
    Aug 17 £59,399.96
    Nov 19 £0.00
This discussion has been closed.
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