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Fixed Rate Saver

How do I pay money into my Fixed Rate Saver Account?

You can move money into your account in the following ways:

 

1. Contact your account provider or use their online banking service to make a one-off payment into your Account. You’ll need your Tesco Bank Savings sort code and Account number to do this – you’ll find this on your statement or your welcome letter.

 

2. Posting cheques to us.
You can post cheques to us at: Freepost TESCO BANK, 4943. No other address details are needed.

 

Please ensure the cheque is made payable to the person named on the Savings Account and clearly write the Account number and sort code on the back of the cheque.

 

3. You can move funds from another account you have with Tesco Bank using Online Banking or the Mobile App.

 

Important – please bear in mind that you can currently only make a single deposit to your Fixed Rate Saver account, so be sure before you make your deposit that this is the final amount you wish to invest. This must be paid within the first 30 days.

Comments

Yes, I had already done a "great experience" with Tesco bank on how to fund online this Fixed Rate Saver account (FRS), indeed!

They were saying, yes, you can transfer money into your brand new Fixed Rate Saver but once you do that so you will find out (but sadly said it will be too late) that only 100 thousand one-offs are allowed to transfer so that then one will be trapped in their botched nonsensical rules, because they didn't warn you before the transaction that they have done such limited rule!

And do guess, who has been blamed for their own failures?

Certainly, you, the customer only, but never them, the Tesco bank.

There were so much of very odd things around this matter that I had finally asked Tesco bank to cancel this contract but the bank refused this.

So now the fight for justice and a fair play started on and only God knows there can only be a court of justice to say the last word about this odd case by this bank!

 

    

Hi @donecek333, I'm sorry to hear about this. I'm unsure of what you mean, is this regarding the one-time deposit option? This is outlined to you at the time of application, were you looking to make a further deposit? - Ainsley