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Tesco Bank to close all current accounts from end of November

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Customers will receive letter in next fortnight to advise on what they need to do

Tesco Bank has announced that it is closing all of its customers’ current accounts from the end of November, and that it will write to them in the next fortnight to advise them what they need to do.

The banking arm of the retailer launched its current account in 2014, at the time offering 3% interest on balances and Clubcard points on spending in a bid to win customers.

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