When you make a payment by debit or credit card it will usually be authorised immediately. The available funds in your bank account will reduce by the amount of that payment.
However, some transactions aren't authorised straight away. It can take 2 working days for a Visa Debit Classic or Maestro card and this could be up to 3 working days for a Visa Debit Solo card.
When you see the details on your statement or online banking depends on how quickly your bank processes the payment. Most banks do this within a day or two of you making the payment but some can take longer.
If you are making a payment for the renewal of your policy or change your card details, the same process applies. For example, if you are calling 25 days before your renewal date to pay for your policy in full, then the payment will be taken immediately, not on your renewal date.
If you don't want to pay until your renewal date then you can either call us back on the day you want to pay or set your policy to automatically renew to save a further phone call.
This answer specifically relates to Tesco Bank Car Insurance. For an answer relating to Tesco Bank Box Insurance please select the Box Insurance FAQ category or try using the search box at the top.