Faster Payments are fully supported by Tesco Bank. Therefore if the Bank or Building Society to which you are sending the money also uses the Faster Payments system, the money will be transferred to that account within hours.Please note: daily withdrawal limits apply. Seewithdrawal limits for Internet Saver Accounts.
Refer to the relevant Savings account Summary Box on this website for further information about daily withdrawal limits. When you use Online Banking you can only transfer money to accounts that can accept Faster Payments. You can check if the Bank or Building Society you are sending money to supports Faster Payments either by asking them, or by visiting theSort Code Checker on the public website of the Payments Council. If the Bank or Building Society does not use the Faster Payments Service we will ask you to call us and we will give you the option to transfer the money using CHAPS or we can send you a cheque from your Account.
CHAPS payments requested by 1.30pm on a Business Day will be made on the same Business Day. If you ask us to make the transfer after 1.30pm on a Business Day or on a non-Business Day we will treat your instruction as having been received at the beginning of the next Business Day and this is when we will start processing it.
A Business Day is any day from Monday to Friday which is not a bank holiday in England and Wales.