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Open Banking and Third Party Providers

How does Open Banking and PSD2 change how I bank with you?

Nothing will change in the relationship you have with Tesco Bank. You will still be able to manage your accounts with us as you always have done. The new services offered by authorised third party providers (TPPs) are additional ways to view your accounts and make payments, but they have no impact on how you manage your account with Tesco Bank directly.

You may have seen a number of companies offering these new services, and you may wish to use them, but it is completely your choice whether you do so.

If you do choose to use these new services, you must ensure that the provider you use is authorised by the FCA , or another European regulator, to provide these services. You should also do your own research to ensure you are comfortable the TPP is legitimate.

More information on keeping your account secure can be found on our security pages.