How long will it take to make a payment to an account?

Faster Payments are fully supported by Tesco Bank. Therefore if the Bank or Building Society to which you are sending the money also uses the Faster Payments system, the money will be transferred to that account within hours. Please note: daily withdrawal limits apply. See withdrawal limits for Instant Access Savings Accounts.

Refer to the relevant Savings account Summary Box on this website for further information about daily withdrawal limits. When you use Online Banking you can only transfer money to accounts that can accept Faster Payments. You can check if the Bank or Building Society you are sending money to supports Faster Payments either by asking them, or by visiting the Sort Code Checker on the public website of the Payments Council. If the Bank or Building Society does not use the Faster Payments Service we will ask you to call us and we will give you the option to transfer the money using CHAPS or we can send you a cheque from your account.

CHAPS payments requested by 1.30pm on a Business Day will be made on the same Business Day. If you ask us to make the transfer after 1.30pm on a Business Day or on a non-Business Day we will treat your instruction as having been received on the next Business Day and this is when we will start processing it.

A Business Day is any day from Monday to Friday which is not a bank holiday in England and Wales.

• How do I pay money into my Instant Access Savings Account?
• Will I be penalised for withdrawing money from my Instant Access Savings Account?
• Can I deposit cheques into my Instant Access Savings Account in store?
• How do I use my Instant Access Savings account card?
• Can you open a joint Instant Access Savings Account?