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Cash ISA

How do I close my account?

If you want to close your account please call us on 0345 678 5678* or write to us at: Tesco Bank, Broadway One, PO Box 27017, Glasgow, G2 9FH. We can close your account immediately and repay the balance to you. This can be sent to your chosen account, along with any outstanding interest.

For all Fixed Rate ISA's a fee will be applied that is equal to 90 days interest on the balance of your account.

If you want to transfer your ISA to another provider, please arrange the transfer via the new provider. If you close or take money out of an ISA it will lose its tax free status. If you are simply looking to withdraw from your ISA and not close the account, you are able to withdraw and replace money as often as you like from both current and previous years’ subscriptions on your Instant Access Cash ISA. Should you wish to replace what you have withdrawn, we recommend you do so by 5pm on the 5th April in the same tax year it was withdrawn . This will ensure that any funds are in your account before the cut off deadline at the end of the tax year at midnight on 5th April.

Learn more about ISAs by visiting the HMRC website.

Calls may be recorded. *This number may be included as part of any inclusive call minutes provided by your phone operator.

The current rules for ISAs are subject to change by HM Revenue & Customs and the value of tax benefits depends on individual circumstances.

Comments

Savings Account Closure.

 

Can't believe that it is not possible to close an on line savings account on line.

 

Have to go through the nonsense of calling Tesco Bank or writing.

 

Tesco Bank, it is the 21st century.

Hello @mojacarman, I'm sorry we don't have this feature available at the moment. I'll certainly pass your comments on as feedback - Caroline