M&S Premium Current Account

£185 M&S gift card when you switch and stay

  • Exclusive M&S benefits
  • Access to the high rate Monthly Saver
  • Minimum £500 overdraft at account opening (subject to status). Interest rates apply.

For just £10 a month

Apply for an M&S Premium Current account

£125 M&S gift card when you switch to us using the Current Account Switch Service and up to an additional £60 when you stay for 12 months. Financial criteria and other terms and conditions apply.

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


Our M&S Premium Current Account offers more of the things you love from M&S. Plus if you switch to us using the Current Account Switch Service, including a minimum of two active Direct Debits, we’ll give you a £125 M&S gift card. But that’s not all. We’ll also top up your gift card with £5 each calendar month as long as a minimum of £1,000 is paid into your current account and two Direct Debits remain active – for a period of 12 months following the switch. So you could enjoy spending up to £185 in M&S. Terms and conditions apply.

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 £129

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 Card. View rewards for more details. Representative 19.9% APR variable.

Monthly Saver account

Access to a 5% 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 overdraft

The first £100 is interest free. After that, and up to your overdraft limit, overdraft interest is charged at 15.9% EAR variable (subject to status), and there are no additional overdraft fees.

£50 overdraft buffer

If we receive a payment that will take your account past your overdraft limit, our £50 buffer will come to your aid. We won't charge you. We just ask that you pay it back straightaway.

M&S Visa Debit Card

Our Visa debit card can be used at over 38 million locations in over 200 countries worldwide 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 (assumed overdraft £1,200): 0% EAR variable on the first £100, 15.9% EAR variable thereafter.

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 £81. 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 two active Direct Debits, we’ll send you your M&S gift card within one calendar month of completion of the switch as stipulated.

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.

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay is a trademark of Apple Inc.

Android, Android Pay and the Android logo are trademarks of Google Inc.


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.