.jpg){kind=avatar}
Tesco Bank shut down its current account (checking account) product over lack of use from its customers. Only 12% of customers used it as their primary bank account. The program has 213k users; their savings account program will remain open.
"With so few of our current account customers using it as their primary account we want to support them to find a suitable alternative dependent on their circumstances. We will pay particular attention to supporting any vulnerable customers and those in need of financial assistance," said Gerry Mallon, CEO of Tesco Bank.
unknownx500
More posts by FinTech Collective
Recent posts from News by FinTech Collective
