M&S Currency Account

Enjoy easy, flexible, and worry-free spending overseas in over 200 currencies wherever Visa is accepted.

Get started Apply for an M&S Currency Account

Why open an M&S Currency Account?

Manage your currencies in one place - add money to your account at any time and it will automatically be converted to the right currency wherever you spend or withdraw cash.
Hold balances in 22 supported currencies - making it easier to plan ahead, set a budget, or adjust when plans change. Protected by the Financial Services Compensation Scheme.
Spend or withdraw your balances with no transaction fees.^{^}
Take control in the M&S Bank app - top up from your bank account in seconds, convert when the exchange rates suit you, freeze your card, and view your PIN anytime, anywhere.
Check competitive exchange rates in-app - before you convert.
Get a digital card instantly - and receive a physical Visa debit card automatically. Add it to your Apple Pay, Google Wallet or Samsung Wallet for quick, secure payments.

Who can apply?

You can apply for an M&S Currency Account if you:

are an M&S Credit Card or Everyday Savings Account customer
are 18 or older and a UK resident
hold a valid email address and mobile number
have the M&S Bank app (M&S Currency Account is only available via the app)

Apply for an M&S Currency Account

Got our app on your phone or tablet? Simply open it to apply in minutes and check out our Explore Products section.

Don’t have our app? Scan the QR code to download and apply^*.

This link will open in new window

To download on the App Store, click here

This link will open in new window

Apple Pay

Apple Pay lets you add your M&S Currency Account card to your Apple device so you can pay in-store, in apps, and online without your physical card.

Google Pay

Google Pay lets you add your M&S Currency Account card to your Android device so you can pay in-store, in apps, and online without your physical card.

Samsung Pay

Samsung Pay lets you add your M&S Currency Account card to your Samsung device so you can pay in-store, in apps, and online without your physical card.

Important documents

You may require Adobe PDF reader to view these documents. Download Adobe Reader

Frequently asked questions

You can add British Pounds (GBP) into your M&S Currency Account from your bank account. You’ll find your currency account details in the M&S Bank app. Once you hold GBP in your currency account you can choose to convert into any of the supported currencies. Alternatively, keep your money in GBP, use your card in over 200 countries, wherever VISA is accepted, and the conversion will happen automatically as you spend.

As long as you have enough money in your account, you can:

Spend up to £20,000 each day using your M&S Currency Account debit card or the equivalent across all your currency balances.
You can withdraw up to £500 in cash each day from your M&S Currency Account or the equivalent across all your currency balances.
The maximum balance you can hold is £60,000 (or the equivalent across all your currency balances).
You’re able to send up to £10,000 per day to your linked bank account.

When you convert balances in your M&S Currency Account, we use our M&S Currency Account Exchange Rate. This rate includes the current market rate plus a mark-up, which you’ll see in the M&S Bank app when making a conversion. The mark-up can change depending on the currencies, the amount, and whether the markets are open.

If you already have enough funds in the currency you’re spending, there’s no conversion needed. If you make a payment in a currency not supported by your account, VISA will convert it to GBP using their own exchange rate.

There are no transaction fees for using the M&S Currency Account, so we will not charge you for making an ATM withdrawal or using your debit card. When you convert from one currency to another within the account, we’ll apply the M&S Currency Account Exchange Rate which is made up of the market exchange rate plus our mark-up. If you leave your money in GBP, when you spend or withdraw cash in a different currency, the card scheme (for example VISA) will process the transaction using their exchange rate, which will include any mark-up they apply. When withdrawing from an ATM, the cash machine provider may apply a charge.

Visit our dedicated M&S Currency Account support page to view more FAQs which include information on how to manage your M&S Currency Account.

This link will open in new window

Your money is protected

Your eligible deposits with HSBC UK Bank plc are protected up to a total of £120,000, or up to £240,000 for joint accounts, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.

This limit is applied to the total of any deposits you have with the following: HSBC UK, HSBC Private Bank, first direct, M&S Bank and M&S Savings and Investments. Any total deposits you hold above the limit between these brands are unlikely to be covered.

Find out more about FSCS

*Available on compatible devices.

^When exchanging currencies, an exchange rate and mark-up will be applied. When withdrawing from an ATM, the cash machine provider may apply a charge.

Apple, Apple Pay and the Apple logo are trademarks of Apple Inc., registered in the US and other countries and regions. App Store is a service mark of Apple Inc.

Android, Google Pay, Google Play and the Google Play logo are trademarks of Google LLC and this webpage is not endorsed by or affiliated with Google in any way.

Samsung, Samsung Pay Logo and Samsung App Icon are trademarks of Samsung Electronics Co., and this webpage is not endorsed by or affiliated with Samsung in any way.

M&S Currency Account

Why open an M&S Currency Account?

Who can apply?

Apply for an M&S Currency Account

Important documents

Frequently asked questions

How can I add and spend money using my M&S Currency Account?

What limits apply to my M&S Currency Account?

What exchange rate will I get when I use my currency account?

What are the fees?

Your money is protected

Digital banking