Support and information can be found on our Covid-19 support page.

To help support you at peak times, we have updated our telephony opening times, please only call if it is urgent, so we can help those most in need. Please view our contact us page for our current opening times.

We’re introducing an NHS and emergency services banking hour, from 6-7pm every day. We’d ask that customers avoid calling us for their routine banking needs during this time.

M&S Premium Current Account

  • Exclusive M&S benefits.
  • Access to the high rate Monthly Saver.
  • Access to an arranged overdraft that suits your needs at account opening (subject to status). Interest rates apply.

For just £10 a month

Apply for an M&S Premium Current account

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

The M&S Current Account is a simple, straightforward current account with no monthly fee.

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

Exclusive rewards

A variety of seasonal gifts including £40 a year in M&S vouchers for clothing and homeware, £45 worth of treats and delights vouchers and a birthday gift e.g. afternoon tea worth £10.

48 hot drinks vouchers worth £132

You’ll never need an excuse to treat yourself to an indulgent mid-shop coffee stop in the M&S Café with 48 hot drinks vouchers per year. Your vouchers will arrive in the post every 3 months.

M&S Loyalty Scheme

Earn one point for every £1 you spend at M&S on your M&S Debit Card and triple points for every £1 you spend at M&S on your M&S Credit CardFootnote 2. View rewards for more details. Representative 19.9% APR variable.

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

Arranged overdraft

Available at account opening (subject to status). The first £250 of any arranged overdraft is interest free. Overdraft interest is charged at 39.9% EAR variable on all balances over £250 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.

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: 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).

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

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.

Footnote 2[2] If you’re an M&S Credit Card customer you’ll earn 1 point for each £1 spent in M&S. As an M&S Premium Current Account customer you’ll earn an additional 2 points for each £1 spent in M&S (total of 3 points). As an M&S Premium Current Account and M&S Credit Card Reward Plus customer (still within your introductory period) you will earn 2 points for each £1 spent as an M&S Credit Card Reward Plus customer, along with an additional 2 points as an M&S Premium Current Account customer (total of 4 points for each £1 spent). At the end of your introductory period you will revert to earning 3 points for every £1 spent in M&S as standard for M&S Premium Current Account customers.

FAQs

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 Premium Current account

Apply over the phone:0800 756 7777

Lines are open 24 hours. Calls are recorded.

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Definitions

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 15 November 2019. EAR is the effective annual rate.

Calls are recorded.