Tesco Current Account will pay no interest from 22/9

colsten

Thrugelmir said:

j.p said:

Much touted Intelligent Finance went that way - though it's not sold yet AFAIK - but just look what it is now.  It is a carcass.

Subsidiary of Bank of Scotland 

Tesco Bank used to be a 50:50 JV between Tesco plc and the Royal Bank of Scotland (different company to Bank of Scotland). Since 2008, Tesco Bank has been wholly owned by Tesco plc.

ashteadgirl

No email for me either

alanwsg

veryintrigued said:

Still no email here

I just received it.

xylophone

Wondering how long the Lloyds Club rate will last now 

And TSB?

jackieblack

ashteadgirl said:

No email for me either

Nor me (yet)

northwalesd

veryintrigued said:

Still no email here

MIne went to my junk folder.

block10

Now i cant login to my account:

This service is currently unavailable

We're experiencing some technical issues which means that this service is currently unavailable.

We're working hard to resolve the problem as quickly as possible.

We apologise for any inconvenience and thank you for your patience.

Please check back later.

https://www.tescobank.com/outage/banking-unplanned/

newlease

Well this is disappointing. If they want to wind down their banking operation eliminating clubcard bonus is probably next. If they do that I will most definitely switch mine and I may instead get just the credit card.

WillPS

newlease said:

Well this is disappointing. If they want to wind down their banking operation eliminating clubcard bonus is probably next. If they do that I will most definitely switch mine and I may instead get just the credit card.

If they're winding down the banking operation entirely then the Credit Card is not long for this world either...

hoc

WillPS said:

newlease said:

Well this is disappointing. If they want to wind down their banking operation eliminating clubcard bonus is probably next. If they do that I will most definitely switch mine and I may instead get just the credit card.

If they're winding down the banking operation entirely then the Credit Card is not long for this world either...

Unlikely. Tesco have been offering lending products like mortgages and credit cards for many years, long before launching the current account product. You don't have to look far for examples of Tesco's portfolio without current account services, the most obvious being their direct competitor Sainsbury's.