[Source: BBC]
Tesco Bank has said it will close all of its current accounts because most customers are no longer using them.
The bank has estimated only 12% of its current accounts are being used by customers as their primary account.
It said most had “limited activity” and others were being used for “other purposes, such as a savings pot”.
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The decision comes after the bank reported a £175m loss in April, compared with a £193m profit in the previous 12 months.
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