Apply onlinefor the M&S Current Account
You are about to apply for an M&S Current Account
By clicking 'Start my application' you agree that you have read all the information in the 'Before you apply section' below.
All information you provide will remain safe, secure and confidential
Please note: The M&S Monthly Saver is currently unavailable.
M&S current account support
Arranged overdrafts are there if you need a little extra money to tide you over every now and then. You shouldn't use an arranged overdraft for long-term borrowing. So, when you're overdrawn, you should make regular payments into your account.
If a change in your circumstances means you're unable to make regular payments it's important you contact us as soon as you recognise you're in difficulty, so we can work with you to understand your current financial situation and find an appropriate solution.
Find out more about M&S current account support
Temporary overdraft support ended on 31 October 2020. If you have temporary overdraft support in place, please follow the information in the correspondence we sent you regarding this support to see other help that is available. If you haven’t previously had support but you’re struggling with your overdraft, please visit our Financial Support page.
How does our overdraft compare?
You can compare our overdrafts with other ways of borrowing by looking at the annual percentage rate (APR). APR is the cost of borrowing over a year and lets you compare the costs with other credit products.
No interest-free amount applies to Additional Accounts.
Before you apply
Overdrafts
An overdraft lets you borrow money on your current account. An arranged overdraft is where we agree a limit with you. Overdrafts are not suitable for long term lending and usually result in interest and other fees. You can ask us to reduce or remove your arranged overdraft limit at any time by phone or in branch. If you remove your overdraft you’ll have to repay any overdrawn amount and any interest owed.
Our overdraft eligibility tool allows you to check the overdraft amount you may be eligible for before you apply. Our overdraft calculator will help you understand the costs of borrowing using an M&S current account overdraft.
An unarranged overdraft is when your account goes overdrawn and you don’t have an arranged overdraft or you go over your arranged limit. An unarranged overdraft may adversely affect your credit rating. We may decline payments that you try to make using an unarranged overdraft.
To help you avoid overdraft charges, we will send you overdraft text alerts if you are due to enter into your arranged overdraft limit or an unarranged overdraft and what action you can take to avoid charges.
If you don’t provide your mobile number, or let us know when you’ve changed it, we wont be able to send you text alerts to make you aware of your overdraft usage and help you avoid any unnecessary overdraft charges.
You can opt out of these texts at any time by phone or by going into an M&S Bank branch.
Eligibility criteria
To apply for an M&S Current Account you must:
- be 18 years of age or over
- be happy for us to undertake a credit register search and credit scoring in the UK
If you don't live in the UK, other current accounts may be more suitable for you.
What you'll be asked for
During your application process we will need your:
Residential address
Previous residential address if you have been at your current
address less than 3 years
Employment history
Income & outgoings (please ensure this reflects any impact directly or indirectly, from Covid-19) 
Email address
Important overdraft information
Please read the following information:
Overdraft facilities at account opening
You can request an arranged overdraft to come with your new account (subject to status). The first £250 will be interest free and there are no additional overdraft fees. Arranged overdraft interest is charged at 39.9% EAR variable on all balances above £250. In addition if you have an arranged overdraft limit and provide us with your mobile number we will send you overdraft text alerts, so you’ll know where you are in relation to your overdraft limit. You can opt out of these alerts at any time, by calling us or visiting us in branch. You can request a different arranged overdraft limit at any time (subject to status) or choose not to have one.
Representative example: 0% EAR variable on the first £250, 39.9% EAR variable on anything above that, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200).
Important documents
Please read the following documents:
M&S Banking Terms and Conditions
Charges and Additional Product Terms: Current Account and M&S Monthly Saver
M&S Current Account Fee Information Document
Overdraft pre-contract information
Current Account Switch Guarantee
M&S Loyalty Terms and Conditions
The Standards of Lending Practice
UK FSCS Information Sheet and Exclusions List
You may require Adobe PDF reader to view these documents. Download Adobe Reader
Other important information
Please read the following information:
Change in circumstances
If you foresee any changes in your circumstances that may increase your outgoings (for example an increase in living costs such as a rent or mortgage payment increase) or any changes to your situation that may reduce or have a negative effect on your monthly disposable income (for example a change in your employment situation or number of hours you work or if you anticipate a reduction in income from imminent retirement, maternity / paternity or extended leave) please either apply by phone on 0800 756 7777 or call into your local M&S Bank branch.
Where this is a joint account
- Please be aware that both of you together and individually are responsible for any money owed to us on the joint account.
- Points earned from use of both of our debit and credit cards (if applicable) under the M&S Loyalty Scheme will be provided in a single quarterly account mailing addressed to both applicants and sent to the first applicant's address. (Subject to a minimum of 200 points being earned.)
- Statements will be sent to the first applicant’s address unless you request that statements are addressed to you individually.
- All other correspondence, including loyalty mailings, will be addressed to both applicants and sent to the first applicant’s address.
M&S Loyalty Scheme is operated by Marks and Spencer plc and subject to terms and conditions.
Checking your details
When we check your details with a credit reference agency, a search/enquiry is registered to say that you've applied for credit today. As part of our checks, we link your name with individuals associated with you financially, and any previous names you've provided.
We'll also check your details with a fraud prevention agency to prevent fraud and money laundering. If you've provided false or inaccurate information (and fraud is identified) we'll pass your details to fraud prevention agencies. If you want, we can explain how your information held by fraud and other credit reference agencies may be used.
Once you submit your application
If you apply online, we'll let you know if you have been accepted and send you the paperwork to sign and return to us. We will then be able to open your account.
By clicking 'Start my application' you agree that you have read all the information in the 'Before you apply section' above.