M&S Current Account

£180 M&S gift card when you switch and stay

  • £220 M&S gift card exclusively available for existing M&S Credit Card customers who switch and stay. 19.9% APR representative variable.
  • Minimum £500 arranged overdraft at account opening (subject to status). Interest rates apply.
  • Access to the high rate Monthly Saver.
  • No monthly fee.

Apply for an M&S Current account

£100 M&S gift card when you switch to us using the Current Account Switch Service and an additional £80 M&S gift card for new customers or additional £120 M&S gift card for existing credit card customers when you stay for 12 months. Financial criteria and other terms and conditions apply. This includes retaining four active Direct Debits.

Did you know we give customers a choice of current accounts?

We also offer the M&S Premium Current Account; for £10 per month you can get more of the things you love from M&S.

We are required to publish the Financial Conduct Authority Service Quality Information for personal current accounts.

To open any of our accounts, a new customer will need to provide us with the documents and information set out in our Keeping you safe page. We may request additional information or documents in individual cases.
You can open an account:
without visiting a branch Yes
where a visit to a branch is required, without an appointment In some cases
by sending us documents and information electronically In some cases
by post No

Features and benefits


Once you’ve switched using the Current Account Switch Service, including four active Direct Debits, we’ll send you a £100 M&S gift card. And that's not all. If you meet our switch and stay criteria, you will receive an additional M&S gift card. New customers will receive an £80 M&S gift card and existing credit card customers will receive a £120 M&S gift card.

New to bank customers - £180 Switching Offer Terms and Conditions

Existing M&S Credit Card customers - £220 Switching Offer Terms and Conditions

Monthly Saver account

Access to a 2.75% AER/gross fixed rate for 12 months with our M&S Monthly SaverM&S Monthly SaverFootnote 1* if you switch to us using the Current Account Switch ServiceCurrent Account Switch Service and have two active Direct Debits.

Minimum £500 arranged overdraft

At account opening (subject to status). The first £100 of any arranged overdraft is interest free. Overdraft interest is charged at 15.9% EAR variable on all balances over £100 and up to any arranged overdraft limit.

M&S Visa Debit Card

Our Visa debit card can be used at over 38 million locations in over 200 countries and it comes with contactless technology built in.

Internet Banking

Manage your accounts online, check balances and transactions, pay bills and make payments.

M&S Loyalty Scheme

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

M&S Banking App

Quickly keep track of your current account spending on the go with this easy to use app. Device restrictions apply.

Representative example (assumed arranged overdraft £1,200): 0% EAR variable on the first £100, 15.9% EAR variable thereafter.

New Customer

When you switch:


M&S gift card

When you stay:


M&S gift card


M&S Credit Card Holder

When you switch:


M&S gift card

When you stay:


M&S gift card

19.9% APR
representative variable

To Switch...

To Stay...

To qualify for the first gift card, you must:
  • Switch your banking within 3 months from the date you open the account
  • Complete a full switch through the Current Account Switch Service, including a minimum of four active Direct Debits
To qualify for the second gift card, you must:
  • Pay in at least £1,250 a month
  • Retain four active Direct Debits
  • Register for Internet Banking within 3 months of the account being open
  • Opt for 'online only' statements
  • Stay with us for 12 months
Financial criteria and other terms and conditions apply.

The M&S Current Account is subject to status and account conduct. You must be aged 18 or over.

Footnote 1* [1]Access to the M&S Monthly Saver is available when you switch to us using the Current Account Switch Service and include two active Direct Debits. You can save from as little as £25 up to a maximum of £250 a month. Which means that, if you pay in the maximum monthly contribution of £250 on the same date each month, for 12 months, you could earn gross interest of around £44.69. Partial withdrawals not permitted. Interest is paid at the end of the 12 month term. If you save less than £250 in any given month, you can carry over any unused allowance to the following months. Monthly Saver interest is calculated daily and credited annually at the end of the 12 month term. Rate is subject to change.


When will I receive my M&S gift card?

Once your new M&S current account is open you can request to switch your banking to us from your existing provider. Providing your switch includes a minimum of four active Direct Debits, we’ll send you your M&S gift card within one calendar month of completion of the switch as stipulated.

When will I receive my additional M&S gift card?

If you're still with us in a year's time, providing you've fulfilled the following criteria, we'll send your M&S gift card to your account address within one month after your 12 month anniversary of opening your account.
For 10 out of the next 12 months (starting the calendar month after your switch is completed), you’ll need to deposit at least £1,250 a month into your current account, retain four active Direct Debits and, within 3 months of your account being opened, register for Internet Banking and opt for 'online only' statements.

Can I switch my account on a date that suits me?

Yes, you can select and agree a date with your new bank or building society and the process will start 6 working days before that date. Working days are Monday to Friday, excluding bank and public holidays.

What is the Current Account Switch Guarantee?

The guarantee sets out the key benefits of the service and specifies that you will be refunded any charges and interest incurred on your old or new bank account as a result of a failure of the service. All banks and building societies that display the Current Account Switch logo offer the Current Account Switch Service and abide by the guarantee.

How does the M&S Bank Debit Card complement the M&S Sparks card?

With M&S Bank and Sparks, it’s easy to get even more of what you love. You’ll enjoy everything from tailor-made offers and priority access to new-season previews and sales and lots of little treats. Plus, when you use your M&S Debit Card in store or online at M&S, you’ll also be collecting points and earning reward vouchers to spend at M&S too – so M&S Bank and Sparks really are a perfect match!

Ready to apply?

Apply for an M&S Current Account

Apply over the phone:0800 756 7777

Lines are open 24 hours. Calls are recorded.

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AER is the annual equivalent rate. This is the interest rate you would receive if interest was paid and added to your savings on an annual basis. Gross is the rate of interest if interest were paid and not compounded each year. Interest rates correct as at 29 September 2016. EAR is the effective annual rate.

Calls are recorded.