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Instant Access Savings Account

What are the changes to the Instant Access Savings Account Terms and Conditions?

We are changing our Instant Access Savings Account Terms and Conditions with effect from 14 June 2019.

Some of the changes include the following:

  • Payment Service Regulations (PSD2) – We’ve made changes to remove reference to authorised third party providers, more information on these can be found in your service channel Terms and Conditions. You will also have access to a new payment option.
  • Changes to the deposit limit at Customer Service Desks in Tesco Stores – you will only be able to deposit a maximum of £2,000 per day into your Instant Access Savings Account in-store.
  • Protecting your Account – we’ve added wording to help you keep your account safe
  • Standardised Terminology updates – we have updated key terms to ensure they are consistent with how other providers describe specific services such as, sending money instead of moving and cash machine instead of ATM withdrawals.
  • How we use your information – information around how we use your personal data has been removed as this is already contained within the Savings Privacy Notice.
  • General updates to wording to make our Terms and Conditions clearer, simpler and easier for you to understand.

For more information please contact us