About Tesco Bank
Tesco Bank is a Financial Services company based in Edinburgh (United Kingdom) founded in 1997, and was acquired by Barclays in February 2024. Tesco Bank has completed 1 acquisition, including Tesco Underwriting. Its chief executive, as recorded, is Bernard Higgins. Its website tescobank.com draws about 3.2 million monthly visits. Tesco Bank offers products and services including Credit Cards, Loans, Savings Accounts, and Mobile Banking App. Its focus areas include Banks and Commercial Banks. Its competitors include Metro Bank, Investec and Virgin Money; 2 of its 3 listed competitors have raised funding.
Company details
Tesco Bank was established in 1997 as a retail banking entity based in Edinburgh, United Kingdom. Operations focus on providing everyday financial products such as current accounts, savings, loans, and insurance to individual consumers. Services are delivered primarily through digital channels and in-store integrations with the parent Tesco retail network. The bank serves the UK market, with oversight from the CEO, Bernard Higgins.
- Headquarters Edinburgh, United Kingdom
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Website tescobank.com
- Social LinkedIn Facebook YouTube
- Acquired by Barclays (Feb 2024)
- Investors
- Investments & Acquisitions
- Acquired byBarclays
(Feb 2024)
Products & Services of Tesco Bank
Tesco Bank offers a comprehensive portfolio of products and services, including Credit Cards, Loans, Savings Accounts, and Mobile Banking App.
Offers cards for purchases, balance transfers, and rewards programs.
Provides personal loans for cars, home improvements, and debt consolidation.
Includes fixed rate and easy access accounts for growing savings.
App for tracking spending, payments, and account management.
Apps and channels of Tesco Bank
Tesco Bank publishes 2 mobile apps with over 1M+ downloads; its YouTube channel Tesco Bank has 182K subscribers and 1 videos.
Videos from Tesco Bank
The most watched videos on Tesco Bank's YouTube channel, Tesco Bank (182K subscribers). Click a video to play it here.
More on Tesco Bank.
Investors in Tesco Bank
Tesco Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Barclays.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided by Barclays worldwide. | 1690 | barclays.co.uk | London, United Kingdom |
Investor details for Tesco Bank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Tesco Bank
92 people are tracked at Tesco Bank (25 in leadership, 67 in team).
| Name | Role | Group |
|---|---|---|
Bernard Higgins | CEO | Leadership |
Roy Linnell | Treasury Director | Leadership |
Scott McGarvey | Head Of Operations | Leadership |
Karen Doherty | Stores Director | Leadership |
Fraser Stewart | Head Of Technology Risk | Leadership |
Andrew McMillan | Head Of Product - Motor Insurance & Telematics | Leadership |
Jake Bailey | Head Of Innovation & Loyalty | Leadership |
Shaun Byrne | Program Director | Leadership |
Tom Bailey | Partner Development Manager | Leadership |
Lynsey Schofield | Risk Director | Leadership |
Leighton Jones | Head Of Risk Operations | Leadership |
Alex Cross | Commercial Director, Insurance | Leadership |
Kelly Wallace | Senior Partner Development Manager | Leadership |
Ken Murphy | Head Of Credit Risk Oversight | Leadership |
Andrew Harvey | Head Of Proposition Management & Digital Wallet | Leadership |
Claire Smith Chartered Fcipd | Head Of People | Leadership |
Caroline Keith | Head Of Forecasting, Stress Testing & Reporting - Banking Risk | Leadership |
Neil Darrington | Head Of AML Operations, Nominated Officer | Leadership |
Ewan Stewart | Head Of Credit Card And PCA Acquisition | Leadership |
David Rain | Sales Director | Leadership |
72 more people are available in the full profile.
Complete people profiles for Tesco Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Tesco Bank
Tesco Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tesco Underwriting.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Insurance underwriting and claims services are provided globally. | tescounderwriting.com | London, United Kingdom | 2010 | Oct 2020 | $170.71M |
Complete acquisition details for Tesco Bank
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Tesco Bank
3 dated milestones of Tesco Bank across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Tesco Bank is founded.
- Acquisition Acquires Tesco Underwriting.
- Exit Acquired by Barclays.
Competitors of Tesco Bank
Tesco Bank has 3 listed competitors in our database, 2 of them funded. They include Metro Bank, Investec and Virgin Money.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| metrobankonline.co.uk | 2010 | London, United Kingdom | $564M | 4,184 | Commercial banking services are provided in the United Kingdom. | |
| investec.com | 1974 | London, United Kingdom | 9,444 | Global banking, investment, and wealth management services are offered worldwide. | ||
| virginmoney.com | 1995 | Newcastle Upon Tyne, United Kingdom | $152M | 3,224 | Virgin Money is recognized as a provider of banking and financial services in the UK. |
Detailed competitors of Tesco Bank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Tesco Bank
The website of Tesco Bank (tescobank.com) receives about 3.2M visits a month and ranks #12,936 among all websites worldwide, #846 in Banking Credit and Lending.
- Monthly visits3.2M
▲ 11.8% vs previous month
- Unique visitors1M
per month
- Global rank#12,936
among all websites
- Category rank#846
Finance · Banking Credit and Lending
- Bounce rate29%
- Pages per visit7.9
- Average visit4 min 02 sec
- DevicesDesktop 33% · Mobile 67%
Websites whose visitors overlap most with Tesco Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| santander.co.uk | 100% | 14M | #2,399 | View details | |
halifax.co.uk | halifax.co.uk | 94% | #14,850 | – | |
| nationwide.co.uk | 91% | 9.7M | #4,283 | View details | |
| moneysupermarket.com | 88% | 7.8M | #7,331 | View details | |
sainsburysbank.co.uk | sainsburysbank.co.uk | 86% | #80,302 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Tesco Bank
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Tesco Bank
Complete news archive for Tesco Bank
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Tesco Bank
Tesco Bank was founded in 1997.
Tesco Bank is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
Bernard Higgins is the CEO of Tesco Bank, as recorded in our data.
Tesco Bank was established in 1997 as a retail banking entity based in Edinburgh, United Kingdom. Operations focus on providing everyday financial products such as current accounts, savings, loans, and insurance to individual consumers. Services are delivered primarily through digital channels and in-store integrations with the parent Tesco retail network. The bank serves the UK market, with oversight from the CEO, Bernard Higgins.
Tesco Bank's top competitors include Metro Bank, Investec and Virgin Money.
Tesco Bank offers Credit Cards, Loans, Savings Accounts, and Mobile Banking App.
Tesco Bank has made 1 acquisition, including Tesco Underwriting.
Tesco Bank has 1 investor. Key investors include Barclays.
Yes. Tesco Bank was acquired by Barclays in February 2024.
Yes. Tesco Bank publishes Tesco Bank and Clubcard Pay+ and 1 more app, with over 1 million downloads.
The website of Tesco Bank receives about 3.2 million visits a month and ranks #12,936 among all websites worldwide.