Janus   28 #1 Posted July 28, 2021 (edited) Now may be the time to start looking around for another bank. All Tesco current accounts will be automatically closed on 30th November 2021 https://www.tescobank.com/current-accounts/ Edited July 29, 2021 by Janus Link Share this post Link to post Share on other sites Share this content via...
apelike   10 #2 Posted July 28, 2021 Somehow I think those with accounts would already have been notified and will already know. Share this post Link to post Share on other sites Share this content via...
rudds1   102 #3 Posted July 28, 2021 1 hour ago, apelike said: Somehow I think those with accounts would already have been notified and will already know. I have not been notified yet Share this post Link to post Share on other sites Share this content via...
apelike   10 #4 Posted July 28, 2021 7 hours ago, rudds1 said: I have not been notified yet Ah, I see. Looks like I jumped the gun then..... Share this post Link to post Share on other sites Share this content via...
Janus   28 #5 Posted July 29, 2021 I would like to know the reason behind the decision for the closures. Being an online & telephone banking service, I would imagine the overheads were much less than a conventional bank. Share this post Link to post Share on other sites Share this content via...
Janus   28 #6 Posted July 29, 2021 26 minutes ago, dan_999uk said: Tesco says the closures are part of a strategy of focusing on products and services that "best meet the needs of Tesco shoppers". In reality I think the reason will be that best meet the needs of Tesco's income.  I can't blame them. Tesco is there to make money like any business . The credit cards and  loans are remaining. There is no need to bull ****. Share this post Link to post Share on other sites Share this content via...
Jeffrey Shaw   83 #7 Posted July 29, 2021 6 hours ago, Janus said: I would like to know the reason behind the decision for the closures. Being an online & telephone banking service, I would imagine the overheads were much less than a conventional bank. Yes. Odd that other online banks did not think it worth trying to buy-out Tesco Bank and its online customers? First Direct, for instance. Share this post Link to post Share on other sites Share this content via...