From our current account that likes to thank you as you spend, to our travel money delivered wherever it's most convenient for you, we aim to give you banking the way you want it.
Whether it's to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we've got it covered.
Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.
Whether you're protecting your car, your pets, your house, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.
Calculators and comparison tables, jargon busters and top tips - our selection of tools and helpful information can help you get to grips with our products.
If you're already banking or have insurance with us and you've got a question, need some help, or want to know what's available to you, you've come to the right place.
No matter how you purchase your Tesco Travel Money, whether it be in store, online or over the phone, you will not be charged any card handling fee by us.
Your card provider may apply fees, e.g. cash advance fees or other fees, so it's important that you check with them before you purchase your travel money.
Will I be charged for withdrawing cash in the local currency? It is the first time I have had a cash passport so please excuse my ignorance!
Hi @jules2016, this would depend on the options you selected when taking out the cash passport. If you selected that you would be using ATM's to withdraw funds in a local currency then we wouldn't charge you for this but there may be a fee applied in the use of the actual ATM. For more information on this you can reach us on 0345 366 0103, available Mon - Fri 9am - 10pm and weekends from 8am - 10pm.
I will shortly be ordering some foreign currency, I normally use another provider and use my Debit Card. This time I was thinking of using Tesco and using my Tesco Premium Mastercard. Two questions: 1) Will I earn Clubcard points? and, 2) Although the table says "No Fee" Will I be charged interest (In the past, when using a CC instead of DC the banks treat the transaction as a cash withdrawal which accrues daily interest) Does this rule apply?
Hi @enjaybee, thanks for getting in touch. I'm afraid that you don't get Clubcard points when you buy travel money from Tesco Bank, but you won't be charged a fee when you use your Tesco Bank credit card! We count the transaction as a purchase, so you would have purchase rate interest applied, which is lower than the interest rate for making a cash withdrawal.
If you aren't covered by an interest-free offer, then you could have interest applied to your statement unless you clear the balance in full by your payment due date.
Thanks for the reply, but can you please clarify - As far as I know I don't have an offer at the moment, but that's not important as I always clear my balance by the due date. If I purchase, say, £1,500 worth of Euros and pay off the total amount by the due date of the statement it appears on then the interest will be £0? If that's true it's a wonderful way of getting holiday cash!! I've had many credit cards in the past and on no occasion have I been able to use one to get cash, of any currency, without being charged interest like a cash withdrawal.
Can I quote this if it all goes wrong???!!!
Yeah that's correct @enjaybee. The primary benefit is that it is counted as a purchase, I am aware many other providers would see it is a cash withdrawal, but the entire amount would need to be cleared in full by your due date.
If I use my tesco credit card to buy travel money elsewhere (not Tesco) will I be charge a money transfer fee or will it be classed as a purchase?
Hi @Fatcat7, this is decided at the retailer’s side. So you may wish to discuss with them if the transaction will be put through as cash or purchase. I hope this helps.
Hi, does the statement that Tesco will class a purchace of travel money using your Tesco Credit Card as a normal purchase still stand, as the statement is dated August 2017?
Hi @doitgaz, thanks for getting in touch. If you use your Tesco Bank credit card to buy travel money from Tesco, then it will be treated as a purchase and any interest applied to the amount would charged at the purchase rate.
If you use the card to buy travel money elsewhere, it will be counted as a purchase up until the 31st of May. After that point, using your card to buy travel money elsewhere will be counted as a cash transaction and will carry a 3.99% fee. This is detailed in the notice of variation booklet sent out in April 2018.
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