If there has been a change to the child's address please call us on 0345 678 5678* or write to us at: Tesco Bank PO Box 27017 Broadway One Glasgow G2 9FH *This number may be included as part of any inclusive call minutes provided by your phone operator.
The Faster Payments Service allows electronic payments (usually made over the internet or telephone) to be processed in hours rather than days. Faster Payments are fully supported by Tesco Savings. Not all Banks and Building Societies offer this service though, so please check with your bank or building society to see if they do offer Faster Payments. Alternatively, the APACS website includes an online sort code checker which allows you to check whether the Faster Payments Service is available.
We will post a statement to the Registered Contact on the anniversary of the account opening and on each anniversary thereafter. We will also make one available in Online Banking. If you are registered for Online Banking, you can switch off paper statements at any time by selecting 'My Preferences'. You can also view your transactions in Online Banking at any time.
You can deposit money into the account in a number of ways as soon as you have registered for Online Banking, or by phoning us. You're able to: Make regular or one-off payments by Direct Debit from a linked account using your Online Banking service Set up regular payments into the account by asking your bank to set up a Standing Order Transfer money from your Tesco Bank savings accounts by the Online Banking service Transfer money from another bank account Make a one-off payment using a Debit Card in your name Transfer from another Junior Cash ISA using the ISA transfer process Send us a cheque. Cheques (made payable to the child) should have the sort code and account number on the back and can be sent to: Tesco Bank PO Box 27040 GLASGOW G2 9GE
If the Registered Contact is registered for Online Banking they can amend their address details online. They cannot amend the child's address online. If the Registered Contact is registered for Telephone Banking they can update their address or the child's address over the phone by calling 0345 678 5678* (you are automatically registered for Telephone Banking if you are registered for Online Banking). If the Registered Contact has not registered for telephone or Online Banking they can write to us at: Tesco Bank PO Box 27017 Broadway One Glasgow G2 9FH Please include the following information in your letter: Old address New address Account number and sort code Please ensure that you sign the letter *This number may be included as part of any inclusive call minutes provided by your phone operator.
No, apart from the right to cancel, money cannot be taken out of the Account until the child turns 18. For further information, see Can a Junior Cash ISA be cancelled? It is however possible to transfer a Junior Cash ISA to a Junior ISA with another provider. In exceptional circumstances withdrawals may be allowed, for example, where the child is diagnosed with a terminal illness. We need permission from HMRC to do this. For more information about this please call us on 0345 678 5678*. *This number may be included as part of any inclusive call minutes provided by your phone operator.
You can choose to deposit money into the account in a number of ways whilst opening your account: standing order transfer from another bank account internal transfer from another Tesco Bank account debit card cheque transfer from another Junior Cash ISA Cheques (made payable to the child) should have the sort code and account number on the back and can be sent to: Tesco Bank PO Box 27040 GLASGOW G2 9GE
The account will earn interest at our standard Junior Cash ISA interest rate (which is variable) plus any fixed bonus interest rate available at the time of applying for the account. The Key Features Document enclosed with the Welcome Pack confirms the annual interest rate which applies to the Account and when this rate will end. Interest will be earned on the money in the Account at the end of each day. Please note that if money is paid in by cheque, this will not start earning interest until 2 Business Days after we receive it. We will pay interest into the Account either monthly or annually depending on the options available at the time the Account is opened. We will confirm to the Registered Contact when interest will be paid in the Welcome Letter. Interest will be earned at a daily rate. We will calculate interest based on the money in the account at the end of each day. If interest is paid annually, at the end of the year we will add up the interest from each day over the year and then pay the total into the account. We will pay interest on the anniversary of the account opening. This means if the account was opened on the 2nd April we will pay interest on the 2nd April the next year and so on depending on how long the account is open. If interest is paid monthly, at the end of the month we will add up the interest from each day over the month and pay the total into the account. We will pay interest a month after the account was opened except if the account was opened on a date that does not take place in each calendar month, in which case we will pay interest the next calendar day. For example if the account was opened on the 3rd April then we will pay interest on the 3rd of each month but if the account was opened on the 31st January we will pay interest on the 1st March. The Registered Contact can also find out how much interest the account is earning by calling us on 0345 678 5678* or by checking our interest rates by logging into Online Banking. *This number may be included as part of any inclusive call minutes provided by your phone operator.
Linked Accounts are other accounts held in your name outside of Tesco Bank. You can use these to move money into Tesco Bank Junior Cash ISA accounts. To view or add a Linked Account, login to Online Banking, visit the Move Money section and select Manage Linked Accounts. When you add a Linked Account we check that you are the owner of that account and that you are authorised to make payments to and from it. If this check doesn't complete successfully, you may be asked to send proof of ownership.