Tesco Bank respond to CMA Current Account Investigation
6 November 2014
Responding to the Competition and Market Authority’s decision to launch an in-depth market investigation into the personal current account market, Tesco Bank Chief Executive Benny Higgins said:
"Too many banks are giving their customers a bad deal. The big banks talk about customer service, but in reality, many are still serving millions of customers poorly. The CMA now has an opportunity to help change things for the better and we welcome their investigation."
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Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers manage their money every day. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. Tesco Bank participates in the Chartered Banker Professional Standards Board.
Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. SC173199. Registered Office: 2 South Gyle Crescent, Edinburgh, EH12 9FQ