• Can I withdraw money from my savings account online?

    Yes, you can withdraw up to £10,000 a day online. If you need to withdraw more, then please contact us. If you're transferring to another Tesco Bank account in your own name then there is no limit on what you can transfer.

    To transfer money out of your account online, log in to Online Banking, click on your account and then select 'Manage account'. Select the 'Move money out' quick link on the Account Overview. Please note that you are only able to transfer money to an account in your own name.

    To transfer the money to an account you've paid into before:

    Choose the payee from the drop-down menu and the sort code and account number for the receiving account will be completed automatically.

    To transfer the money to an account you've not paid into before:

    Select 'New payee', complete the account details, check this information has been entered correctly before selecting 'Continue'. Select the payee from the drop-down menu and enter a reference, the amount and the payment date, then 'Continue'.

    Please note: if you withdraw money from a Cash ISA you lose the tax free benefits for that amount and you may not be able to pay it all back in within the same tax year. Daily withdrawals are not available for Junior Cash ISA accounts and early withdrawals are not available for Fixed Rate Saver accounts.
    Was this article useful?

    Ask a question in the Community

    More and more customers are asking questions in the Tesco Bank Community, where our trusted community members and Tesco Bank colleagues can help

    Our door is always open, most customers find their question answered within 20 minutes of posting.

    © 2021 Tescobank.com All rights reserved
    Sitemap