Company Information

Get to know Tesco Bank

Tesco Bank is a UK-based retail bank that was established in 1997. Initially a joint venture between The Royal Bank of Scotland and Tesco plc, it has been wholly owned by Tesco plc since 2008. The bank's mission is to help Tesco shoppers manage their money a little better every day by offering simple, helpful financial products and services. It leverages the Tesco brand and its large customer base to provide accessible banking and insurance solutions, often rewarding customers with Tesco Clubcard points.

Industry

Financial BankingPRIMARY
Financial Other Service

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Tesco Bank

United Kingdom

Founded in

01 Jul 1997 (29 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

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Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.