Current Accounts Product Details

M&S Bank

M&S Current Account

Representative Example: Based on an overdraft limit of £500. Up to £100.00 charged at 0.00% EAR Variable. Over £100.00 charged at 15.90% EAR Variable. Overdraft fee of £0.00 per month.

General Account Details

None
Min 18 Years
None
None
None

Account Management

  • Yes
  • Yes
  • Yes
  • Yes
  • No
  • Yes

Facilities

  • Yes
  • Yes
  • Yes
  • Yes
  • Visa
  • £500
  • Yes

Benefits

- Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
£100 M&S gift card for accounts switched using Current Account Switching Service, including a minimum of 4 active direct debits, within 3 months. Additional £80 M&S gift card after 12 months if registered for internet banking, £1,250 pm credited and 4 active direct debits retained for 10 out of 12 months.
Existing M&S Credit Card customers receive £100 M&S gift card for accounts switched using Current Account Switching Service, including a minimum of 4 active direct debits, within 3 months. Additional £120 M&S gift card after 12 months if registered for internet banking, £1,250 pm credited and 4 active direct debits retained for 10 out of 12 months.
1 M&S point for every £1 spent on purchases made with your M&S Visa Debit Card within M&S.
Eligible for preferential rates on unsecured loans.
Eligible for exclusive access to M&S Monthly Saver on completion of the switching process using the Current Account Switch Service.
Exclusive rates on currency purchased from M&S travel money using M&S debit card.

Credit Interest Rates

BalanceGross Rate %AER %
£0.01 +0.00% 0.00%

Arranged Overdraft

Yes
Minimum BalanceRate %EAR %
£0.010.00% - Per Month0.00%
£100.011.2375% - Per Month15.90%
£0.01 and over:- £0.00 Per Month
£0.01 and over:- £0.00 Per Request
£0.01 and over:- £0.00 Per Request
N/A
N/A
N/A

Unarranged Overdraft

Yes
Minimum BalanceRate %EAR %
£0.010.00% - Per Month0.00%
£0.01 to £50.00:- £0.00 Per Month
£0.01 and over: £0.00
N/A
N/A
N/A
N/A

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide

  • 2.75% / 2.75%
  • £0.00 / £0.00

Cash withdrawal in a foreign currency in Europe / Worldwide

  • 2.75% / 2.75%
  • £0.00 / £0.00

Service Performance

The table below shows this provider's current account service performance.

The information shown covers all of their main current accounts, not just this specific account.

ServiceCompleted same day %Completed on average (days)Complete for 99% of customers
Open a current account*9% 13 days43 days
Get a debit card0% 6 days20 days
Get Internet banking0% 9 days9 days
Get an overdraft100% 0 days0 days
Replace a lost debit card0% 3 days6 days
* Once all requested documents and information have been received.
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