Tesco checkout with background sign
Media playback is unsupported on your device

Tesco ups banking competition with new current account

10 June 2014 Last updated at 20:00 BST

Tesco Bank has launched its first current account, increasing the competition with the traditional big banks.

Until now, the UK's largest supermarket only provided savings accounts.

Around three quarters of current accounts in the UK are with the so-called "big four".

Kamal Ahmed reports.