Big change as of November 2024

Tesco Bank in 60 seconds

Now owned by: Barclays Bank UK PLC.
Deal completed: 1 November 2024.
Sale price: £700 million.
Brand: Tesco Bank lives on as a Barclays trading name.
Clubcard Pay+: still in operation under Tesco Bank.
Insurance / travel money / gift cards: stayed with Tesco.

No customer action neededYour Tesco Bank logins, cards and Clubcard rewards continued working as normal after the transfer. The change happened in the background under the Banking Business Transfer Scheme approved by the High Court on 17 October 2024.

What changed in November 2024

Tesco announced the sale of Tesco Bank’s personal banking business to Barclays in February 2024. The deal received High Court approval on 17 October 2024 and the legal transfer completed on 1 November 2024. From that date, Tesco Bank credit cards, personal loans and savings accounts moved to Barclays Bank UK PLC, with no break in service.

Now run by Barclays under the Tesco Bank brand

  • Tesco Bank Clubcard Credit Cards (purchase, balance transfer, money transfer, credit-building).
  • Tesco Bank personal loans (car, home improvement, debt consolidation, wedding, holiday, joint).
  • Tesco Bank savings: fixed-rate, fixed and instant-access ISAs, easy-access.
  • Clubcard Pay+: still in operation; converts spending into Clubcard points.

Stayed with Tesco directly (not part of the sale)

  • Tesco insurance (car, home, pet, travel, life).
  • Tesco travel money.
  • Tesco ATMs in stores.
  • Tesco gift cards and the broader Clubcard programme.

Why this mattersIf you hold a Tesco Bank credit card, loan or savings account, you are now a Barclays customer in everything except branding. The product range available under the Tesco Bank name is a subset of what Barclays offers across its other brands — see our Barclays UK review for the full picture.


Tesco Bank products in 2026

Most popular
Credit card

Tesco Bank Clubcard Credit Card

Tesco Bank logo

Earn Clubcard points on every £1 spent in Tesco and on most spending elsewhere. Range covers purchase, balance transfer, money transfer and credit-building cards.

  • Earn Clubcard points on spend.
  • Multiple intro 0% offers available.
  • Operated by Barclays since Nov 2024.
Loan

Tesco Bank Personal Loan

Tesco Bank logo

Unsecured personal loans for car, home improvement, debt consolidation, wedding or holiday spend, with joint application available.

  • Decision in minutes for existing customers.
  • Loan amounts from £1,000 to £35,000.
  • Representative APR depends on credit profile.
Savings

Tesco Bank Savings

Tesco Bank logo

Fixed-rate bonds, instant-access savers and Cash ISAs (variable and fixed). Headline AERs change with the wider market.

  • Easy-access, fixed and ISA options.
  • Eligible deposits protected up to £85,000 by FSCS via Barclays.
  • Open and manage online.
Top-up account

Clubcard Pay+

Tesco Bank logo

A free top-up debit Mastercard linked to your Clubcard. Use it anywhere Mastercard is accepted and earn extra Clubcard points on every spend.

  • Earn extra Clubcard points everywhere.
  • Apple Pay and Google Pay supported.
  • No monthly fee.

Tesco Bank customer service

Tesco Bank publishes product-specific help pages on tescobank.com rather than a single all-purpose phone number. The fastest route is to log in to your Tesco Bank account and use the in-app or secure-message chat.

Complaints and the Financial Ombudsman

As Tesco Bank is now part of Barclays Bank UK PLC, complaints are handled under Barclays’ FCA-regulated complaints process. Raise the issue through tescobank.com first; if you have not had a satisfactory response within eight weeks you can escalate to the Financial Ombudsman Service.


Tesco Bank FAQ

Tesco Bank is now a trading name of Barclays Bank UK PLC since 1 November 2024. Your products are still labelled "Tesco Bank" but they are operated by Barclays under the bank’s FCA licence and FSCS protection.

Yes. Eligible deposits are protected up to £85,000 per person, per institution, by the Financial Services Compensation Scheme. Because Tesco Bank is now part of Barclays Bank UK PLC, the £85,000 limit applies across both Tesco Bank and Barclays combined, not separately.

Tesco Bank closed its current account product before the Barclays sale. If you are looking for an everyday current account, see our 2026 guide to the best UK current accounts or our Barclays review.

No. Existing login details, mobile app and online banking continued to work after the Barclays transfer. You did not need to re-register or open a new account.

Those did not move to Barclays. Insurance, travel money, in-store ATMs and gift cards stayed with Tesco itself and are now bought directly from tesco.com or in Tesco stores, not from Tesco Bank.