Tesco Bank launches current account

Recently Tesco launched its own current account. The supermarket’s aim is to challenge the top four major High Street banks in the UK with Tesco Bank, despite it having only a minimal in-house branch presence.

Tesco claims it will bring competition back to the market that currently offers “ridiculously poor value” to consumers. It said its new current account was without the “smoke and mirrors” offerings, such as charges and introductory deals, used by others.

Category: Business / Banking / Tesco Bank