Apply onlinefor the M&S Premium Current Account

You are about to apply for an M&S Premium Current Account

The M&S Premium Current Account is available for £10 a month and automatically renewed monthly. By clicking 'Start my application' you agree that you have read all the information in the 'Before you apply section' below.

All information you provide will remain safe, secure and confidential

Before you apply

Eligibility criteria

To apply for an M&S Premium 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
  • Email address

Important overdraft information

Please read the following information:

Overdraft facilities at account opening

Your new account will come with a minimum £500 arranged overdraft (subject to status) – the first £100 will be interest free and there are no additional overdraft fees. Arranged overdraft interest is charged at 15.9% EAR variable on all balances above £100. 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 arranged overdraft limit. You can request a different arranged overdraft limit at any time (subject to status) or choose not to have one.

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

£50 buffer

If we receive a payment that will take your account past your overdraft limit, our £50 buffer will come to your aid. There are no fees or overdraft interest, but we’ll ask that you pay it back straightaway. We won’t usually allow payments to debit your account that would take you over any overdraft limit and your £50 buffer, except in very limited circumstances where we are obliged to make a payment. If payments are refused your credit rating may be affected, so it’s wise to ask us for the overdraft limit you might need. Even if you won’t use it very often.

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.

M&S Credit Cardholders

If you already hold an M&S Credit Card, you and each primary credit card holder for a joint account, will automatically start to earn triple points on your M&S spend as soon as your account is opened.

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.