Your selected question and answer
Question:
What is Faster Payments?
Answer:
Faster Payments is a banking industry initiative to speed up certain payments. It allows participating banks to provide same day processing of electronic payments, usually made over the internet or telephone.
Tesco Credit Cards participates in the Faster Payments service. This means payments such as funds transfers, bill payments and standing orders made from any participating bank will normally be applied to your credit card within two hours, regardless of when the request is received.
Payments must fall within the Faster Payments rules applied by the bank from which the payment is made.
