features including “balance peek” in 2015 and was the first bank in the world to deploy an app for Apple Watch at its launch in 2015. Tesco Bank sold its mortgage portfolio to Lloyds Banking Group in September 2019, and in February 2020, the bank also decided to stop offering current accounts to new customers. On 26 July 2021, Tesco Bank announced it will be closing all current accounts held by its customers, citing "limited activity". Locations The bank is registered in Scotland at 2 South Gyle Crescent, Edinburgh EH12 9FQ. 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. Since then, there has also been an office opened in South Gyle, Edinburgh. During March 2009, Tesco initiated a plan to roll out in store branches, under the Tesco Bank branding. On 14 May 2016, Tesco Bank closed all three remaining branches, with a focus on being a completely online bank. In addition, there are over three hundred Tesco Travel Money Bureaux, an in store bureau de change, managed by a joint venture with Travelex. Fraud incident 2016 On 6 November 2016, British newspapers reported that customers of Tesco Bank were reporting that hundreds or in some cases thousands of pounds had been lost from their accounts, with some reporting unauthorised card transactions originating in Brazil. The following day, the bank suspended online transactions, and made a statement saying up to 40,000 customers had been affected. Shares in the retails group fell 3% on the news. 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". The bank declared that the cyber attack resulted in the loss of £2.5m. Later, United Kingdom's Financial Conduct Authority asked the bank to pay £16.4m as the penalty. References External links Tesco Banks of Scotland Banks of the United Kingdom Companies based in Edinburgh British companies established in 1997 Banks established in 1997 Royal Bank of Scotland Supermarket banks 1997 establishments in Scotland