Tesco Bank sold to Barclays – here's how this could affect you
What will customers have to do?
Tesco Bank has said customers do not need to take any action and will contact them in the coming months.
No current timeline has been released for how long the changes will last.
How will the sale impact customers?
The mega move will have minimal impact on more than five million customers.
Services and customers that will be affected are credit card, credit and savings customers.
Although these services will be operated by Barclays, they will continue under the Tesco Bank name.
In addition, Tesco Bank will retain some of its banking activities, including insurance, ATMs, travel money and gift cards.
Tesco Bank sold to Barclays
Tesco Bank has been sold to Barclays in a move that will affect more than five million customers.
The major bank has agreed to acquire Tesco's retail banking division.