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.

We are not currently processing applications for M&S Additional Accounts, this is only a temporary measure so please keep checking back here for updates.

All information you provide will remain safe, secure and confidential

To support customers financially impacted by Covid-19, from 9 April 2020, we temporarily won't charge interest on the first £500 of arranged overdraft borrowing. Normally, we charge interest on arranged overdraft borrowing over £250. Additionally, we'll temporarily charge 19.9% EAR (variable) for any arranged overdraft balances above £500. The normal rate of interest for overdraft borrowing is 39.9% EAR (variable). These measures are automatically activated so there's no need to call us.

These are temporary measures, which will remain in place for three months, and do not change the account and overdraft contractual terms and conditions, which remain the same. We'll keep this under review and we'll update customers before we make any changes to these measures.

No interest-free amount applies to M&S Additional Accounts.

Before you apply


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).

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.