The decision is usually immediate, and if you're successful the overdraft will be added to your account straight away. Please note, you can only have one overdraft with Tesco Bank, even if you have more than one current account with us.
Depending on the type of card you were issued with at the time of applying for your Tesco Bank Current Account, you may not be eligible for an overdraft facility (you will know if you have this type of card as the seventh digit of the long card number across the middle of your card will be a 5). If you do, then we are unable to offer an overdraft on your account but if your circumstances change in the future than you can apply for a new account. If eligible, you can:
- Log in to Online Banking, click on your account and then select 'Manage account' on the right hand side of the screen.
- Select your current account from the Account Overview screen
- Under 'Your account preferences' you'll find 'Apply for an arranged overdraft'
- Enter the amount you'd like to apply for, then 'Submit'
We'll let you know the amount of the arranged overdraft we'll offer you. Please note, this may be less than the amount you applied for. If you want to accept the overdraft offer, read and confirm you've read the important information, then Submit.
Call us on 0345 835 3353* (or minicom 0345 366 6471*). Lines are open 24 hours a day, seven days a week.
Calls may be recorded. *This number may be included as part of any inclusive call minutes provided by your phone operator.
For information on our fees and charges, please see our existing FAQ 'What fees do you charge on a current account?'