In July 2008, Tesco announced that they were buying out the Royal Bank of Scotland's 50% stake in the company for £950 million, and the transaction was completed later that year.

[17] Tesco Bank launched its first mobile app in 2014, supporting its core transactional products (Current and Savings accounts as well as Credit cards).

[20] On 26 July 2021, Tesco Bank announced it will be closing all current accounts held by its customers, citing "limited activity".

While operating as a joint venture, the bank shared its registered office with RBS at St Andrew Square, Edinburgh.

In July 2010, Tesco Bank opened two major offices at Quorum Business Park in Newcastle, and a larger one at Broadway One in Glasgow.

[24] In addition, there are over three hundred Tesco Travel Money Bureaux, an in store bureau de change, managed by a joint venture with Travelex.

[28] On Tuesday 8 November, the chief executive of the UK Financial Conduct Authority was asked for a summary of the issue by a Parliamentary committee, and said of the attack that "There are elements of this that look unprecedented and it is serious, clearly".