• Join Date: Feb 2021
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    Repaying loan
    12-02-21 , 10:28

    Hi, I'm trying to do a bank transfer online to make a payment to my loan account. Can someone tell me what to put in the payee details please as I've tried Tesco Bank, Tesco Loans and my name and its not verified when my bank are checking.
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    Click below to see solutions
  • Join Date: Aug 2018
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    Best Answer
    12-02-21 , 10:40

    Hi @andreb75, thanks for getting in touch. I've added a link below with some more information about making additional payments to your loan. As long as you enter the sort code and account number of your loan correctly then this transfer should go through. The payee name is really for your own reference only. Can I just check which bank you're with?

    ​​​​​​​https://yourcommunity.tescobank.com/...nts-to-my-loan
  • Join Date: Mar 2020
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    12-02-21 , 11:45

    Hi @andreb75

    In payee details, please enter the sort code and account number for your loan.

    The payee name is just for your own reference.

    ​​​​​​​I hope this clarifies everything for you.

    Best wishes, Chris, @CSKBrambles
  • Join Date: Mar 2020
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    12-02-21 , 12:18

    Hi @andreb75

    You simply need to ensure the sort code and account number of your loan are entered so the payment goes to your account.

    Have a lovely weekend, Caz @25H
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    12-02-21 , 12:51

    Hi, I'm with NatWest. When you do a payment/transfer it needs a payee name. I understand that i need to use the loan account number and sort code and my name as the reference but its quite a large amount of money so need to make sure its going to the right place!

    Thanks for your reply.
  • Join Date: Aug 2018
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    12-02-21 , 12:58

    Are you able to try again using your own name as the reference?
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    12-02-21 , 13:06

    Hi @andreb75

    I can understand as it is a large amount you want it to go to your account.

    The payee name is you and the loan sort code and account number is specific to you so when you enter these details Tesco Bank will know it is you that has made the payment. Please ensure you enter these details correctly.

    As an alternative you can pay over the phone - by calling 0345 600 6016 by debit card, which must be in your name and registered to your home address.
    Or you could send a cheque, although this will take longer to credit your account - made payable to ‘Tesco Bank’ with your loan account number and sort code written on the back and post cheques to Tesco Bank, Loans PO Box 27014, Glasgow G2 9FE.

    Hope this helps!!! Caz @25H
  • Join Date: Dec 2018
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    16-02-21 , 16:53

    Sorry to jump on this thread quite late on after some helpful replies but in addition to double checking the payment details with NatWest once you enter the sort code it does show who it belongs to e.g. Tesco Bank and will prompt you a couple of times to ensure you trust the person/business you're sending the money to.
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