We know that a lot of customers are experiencing financial difficulties at the moment because of COVID-19.
So as part of our extra, ongoing support, we are making arranged overdrafts up to £500 interest-free for the next 3 months.
You don’t need to do anything to set this up – we will automatically stop charging interest from 9 April 2020 until 9 July 2020.
Please note that any interest incurred before that date will still be payable and will appear on your statement.
Can I still apply for an overdraft?
If you don’t have an overdraft with Tesco Bank, and would like to apply for one, log in to Online Banking and select Apply for an Arranged Overdraft. Overdrafts are subject to status.
Overdrafts are a form of borrowing and you should consider whether it is the most appropriate option for you, and whether you can afford the interest payments at the end of this period. Our standard rate is 18.9% APR (variable).
Do you need some help?
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