What is included on my annual statement and why have I been sent one?

It's now a regulatory requirement for Tesco Bank to send you an annual statement showing you how you’ve used your account over the last 12 months unless you request to be opted out of it.

How much you've paid back - this is made up of the total of all payments less any refunds made to your account over the past year.

Total interest charged - this includes all interest charged on purchases, cash advances, balance transfers and money transfers you may have made, less any refunds you’ve had in the last 12 months.

Total spent - this is made up of any purchases, balance transfers, cash advances or money transfers you’ve made (including any Payment Protection premiums you’ve paid and any foreign exchange charges). The total will be less any refunds you’ve received.
Was this article useful?