Tesco Bank to close all current accounts at end of November

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The lender said it would write to holders of the 213,000 accounts to explain their options including switching to a savings product or taking their current account to another provider

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Those not choosing to switch to a new current account are being asked to move any regular incoming or outgoing payments to a different account, and to make sure their account has a balance of £0, by 30 November.The bank's chief executive Gerry Mallon said:"The way customers shop and manage their money is constantly evolving and we are committed to developing products and services which align with the needs of Tesco shoppers.

 

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