Current Accounts Details Page

To apply for this current account

Go to the M&S website

Go to site

Phone

Representative Example:

Representative Example: 0% EAR variable on the first £100. 15.9% EAR variable thereafter.

Is this account right for you?

To open this account

  • You must be a UK resident
  • You must be aged 18 or over to apply

Account features

Simple, straightforward, designed for everyday banking. Everything you expect from a bank account plus some nice extras. Open an M&S Current Account and you'll enjoy banking with NO MONTHLY FEE, M&S reward points for spending on your M&S Visa Debit Card, branch banking seven days a week, 24/7 telephone and internet banking as well as an automatic £500 overdraft (with the first £100 interest free). In addition, you'll receive a £50 M&S gift card if you switch using the Current Account Switch Service, plus up to £120 in gift card top ups when you stay (T&Cs apply).

Account benefits

Earn one point for every £1 spent on your M&S Visa Debit Card in M&S (in store and online) through the M&S Loyalty Scheme.

Access to the 5% AER high interest rate M&S Monthly Saver account.

Considerations

Great for
Get a £125 M&S gift card when you use the switching service to switch to this current account, plus £5 per month gift card top up for up to 12 months. T&Cs apply
You can also open an M&S Monthly Saver account and earn 5% AER
Get a £100 interest-free overdraft, with a £50 buffer if you go over your agreed limit, subject to status
But be aware that
You must be at least 18 years old to open this account
To get the £125 gift card, you must use the current account switch service, and you must have at least two active direct debits from the account
To get the £5 monthly top up, you must pay in at last £1,000 every month, and you must have at least two active direct debits from the account

Interest rates

Balance Introductory Rate Follow on rate Gross AER*
Any balance 0.00%
  • Any interest you earn will be tax-free up to your annual personal savings allowance.

Overdraft Rates and Charges

Overdraft buffer Amount Planned/Authorised Overdraft Rate (EAR) Unplanned/Unauthorised Overdraft Rate (EAR)
£100.00 15.90% 15.90%
  • The first £100 of the overdraft is interest free. If you move abroad, the interest-free period will no longer apply on your account

Other Fees

Fee Notes
Foreign Exchange Rate 2.75% / per item

Operating and accessing your account

Operating your Account Making Withdrawals
Online -
Phone -
Branch
Post -
Post Office - -
SMS -
Mobile App - -
ATM

Mobile App Features

Make transfers between accounts -
Check balances
Make transfers to other people -
View transaction history
View direct debits/standing orders -
Apply for new products -
Use app on multiple devices -
Branch finder -
Pay bills -
Setup payments, standing orders, or direct debits -
Make payments -
View mini statements
Make payments to other people -
Use multiple devices -

Mobile App features may be limited. Please refer to providers site for more information

Other details

  • This account has a Visa Debit card.
  • The currency for this account is Pound.

To apply for this current account

Go to the M&S website

Go to site

Phone

Representative Example:

Representative Example: 0% EAR variable on the first £100. 15.9% EAR variable thereafter.

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