You can apply for an overdraft online or by phone.
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 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 then 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 in the top right hand corner.
Select Apply for an overdraft from Your account preferences.
Enter the overdraft 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.