Summary: Tesco Bank is a retail bank in the United Kingdom that was formed in 1997 by the merger of Tesco Personal Finance and Cheshunt Insurance Services. Tesco Bank is headquartered in Edinburgh, Scotland. The bank offers a range of financial products and services but unfortunately do not offer a share-investing feature on its platform.
There are secure, alternative ways to investing in shares with a Tesco Bank account. Simply transfer funds from your Tesco Bank account to a regulated and licensed share trading and investing platform. The best multi-asset brokerage platform in the UK is eToro UK, on eToro users can purchase shares, ETFs, indices, commodities, currencies & crypto.
Where to buy Stocks with Tesco Bank?
Tesco Bank does not allow its users to buy shares/stocks directly through its banking platform. However, there are secure ways to invest in shares with the funds in your Tesco Bank account. Tesco Bank account holders can send GBP or EUR to a safe online brokerage platform. We recommend using the eToro platform to buy shares with Tesco Bank.
eToro UK is the most secure share trading and investing platform in the world and has been operating for over 15 years. In its 15 years of operating it has never been subjected to a cyber attack or hacking incident. eToro is authorised and regulated by the Financial Conduct Authority (FCA), under firm reference number 583263 to operate legally in the UK.
How to buy Shares with Tesco Bank in the UK
The best and easiest way to buy shares with a Tesco Bank account is through the eToro platform. Simply deposit funds onto the exchange from your Tesco bank account via Bank Transfer, Credit/Debit Card, Skrill, PayPal & Neteller. Follow the below steps to get started.
- Sign up to the eToro exchange and complete the verification process.
- Click 'Deposit Funds', choose a method and transfer money from your Tesco Bank account.
- Search for the share you want to purchase in the search bar and select 'Trade'.
- Enter the amount you wish to invest and click 'Set Order'.
Is it expensive to invest in Shares?
It can be very expensive to invest in shares depending on what platform you use. However, on eToro the fees are virtually non-existent as it offers brokerage-free trading on shares and ETFs. Additionally, it offers free and instant GBP/EUR deposits for Tesco Bank account holders. For a comprehensive breakdown of what fees eToro charges, you can visit eToros Fees Schedule.
Can I buy Tesco bank Shares?
Yes, in addition to investing in shares on eToro with a Tesco bank account, users can also invest in Tesco Bank shares. Tesco bank operates internationally and trades on the LSE (London Stock Exchange) under the ticker TSCO.L.PLC. Follow the below steps to buy the Tesco Bank stock (TSCO.L).
- Type 'Tesco' in the search bar and click 'Trade'.
- Input the amount you wish to invest and tap 'Set Order'.
Tesco Bank Live Price in GBP
Below you can find the live price and chart of Tesco Banks share in Great British Pounds.