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Tesco Bank

Tesco Bank is a wholly-owned subsidiary of Tesco, and currently has over 7.8 million customer accounts. With products including current accounts, mortgages and insurance, the company has the USP of allowing customers to collect Tesco Clubcard points as they purchase finance products. The company was originally launched in 1997 as a joint venture between Tesco and the Royal Bank of Scotland, before the supermarket acquired Royal Bank of Scotland shareholding. Tesco Bank has two offices and two customer service centres, but puts an emphasis on online banking, with 86% of its products bought online.

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