M&S Bank History
Our timeline plots some of the significant events from our 30 year history.
Marks & Spencer Financial Services celebrates 30 year anniversary.
Launch of M&S Current Account with no monthly fee
M&S Money becomes M&S Bank and opens its first branch in Marble Arch.
Launch of M&S Premium Current Accounts.
M&S celebrates 25 years of financial services.
M&S Money introduces the HSBC World Selection Portfolios.
Launch of M&S Ethical Fund and Fixed Rate Savings.
Marks & Spencer sells M&S Money to HSBC, one of the world's largest banking and financial services organisations. M&S Bank is run as a joint venture arrangement between Marks & Spencer and HSBC.
Launch of M&S Cash ISA and Car Insurance.
Launch of stakeholder pensions.
Launch of M&S Home and Contents Insurance and Car Buying Plan.
Launch of M&S ISA.
Interest-free loans are offered to customers purchasing furniture in M&S stores.
Launch of M&S Personal Loans.
St. Michael Financial Services Limited changes its name to Marks and Spencer Financial Services Limited. Marks and Spencer Unit Trust Management Limited is created offering unit trust funds.
St Michael Financial Services is launched in Chester, recruiting 80 staff. The M&S Chargecard is launched.