Tesco Bank agrees to 6-month extension of credit card shutdown – Energy FM


Tue, 01 March 2022

Tesco Bank has agreed to a 6 month extension to its previously announced decision to close credit card accounts for people living in the Isle of Man.

Credit card accounts will now close on November 3, 2022, instead of May 3, 2022 as originally planned.

Tesco Bank will write to credit card customers in the Isle of Man in the coming weeks to confirm the extension, and in the meantime customers can continue to use their card as normal.

A spokesperson for Tesco Bank commented: “We recognize that the decision to close credit card accounts has disappointed our customers on the Isle of Man, and we are aware of the wider personal banking challenges facing islanders. these last years. »

“Following discussions with the Department for Enterprise, we have agreed to extend the closing date by 6 months for credit card customers. This will give customers and authorities in the Isle of Man more time to find suitable alternatives.”

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