M&S Bank Current Account - M&S Bank

M&S Bank Current Account

M&S Bank
0 % AER
Headline Interest Rate
£ 125
Switching bonus
  • Overdraft facility
  • No monthly charge
  • Minimum Monthly Credit: £ 0
    • Open by:
Interest free overdraft offered
M&S gift voucher if you switch
No interest paid on balances
Sign up bonus is vouchers, not cash

This account may be appropriate for you if

  • You are older than 18

Switching bonus

Member of Current Account Switching Service: No
Maximum Switching Bonus: 125
Switching Bonus Conditions: £125 M&S gift card given when the account is switched to using switching service and must include a minimum of 2 direct debits. Terms and conditions apply.
Match Current Overdraft Offer: Yes

Credit Interest

Annual Interest Paid By Balance:
BalanceAnnual Interest Paid
£ 5000 %
£ 1,0000 %
£ 5,0000 %
£ 10,0000 %
£ 25,0000 %
Headline Interest Rate: 0 % AER
Monthly Reward: £ 0


Cost of Authorised Overdraft:
£ 250 overdrawn by 5 days£ 0
£ 500 overdrawn by 10 days£ 2
£ 1,000 overdrawn by 30 days£ 11
Overdraft Available: Yes
Authorised Overdraft Rate: 15.9 % (equivalent to 1.24 % per month)
Unauthorised Overdraft Rate (APR/EAR): na %
Interest Free Overdraft: First £ 100 is interest free
Overdraft Fees Apply From: £ 50 overdrawn
Cost of Unauthorised Overdraft: Not permitted

Payment options

ATM Card
Cheque Book
Debit CardVisa
Standing Order
Direct Debits

Access and usage

Banking by
Maximum ATM Withdrawal: £ 500


Preferential rates onsavings
Prepaid card
Home emergency cover
Extended warranty cover
Airport lounge access
Preferential travellers money rates
Preferential travellers cheque rates
Free life insurance
Free home insurance
Free car insurance
Breakdown cover
Voucher and discount deals
Entertainment deals
Mobile phone cover


Charges for Unpaid Items: None
Charges for Paid Items: None

Cost Abroad

ATM Charge Europe: Free
ATM Charge World: Free
Debit Card Charge Europe: No exchange rate fees
Debit Card Charge World: No exchange rate fees

Additional Charges

Charge for Replacement Statement: £ 0
ATM Withdrawal Charge: £ 0
Bankers Draft Charge: £ 20
Charge For Cheque Receipts: £ 0
Bankers Reference Charge: £ 7
CHAPS Charge: £ 20
Charges For Cancelled Cheques: £ 12

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About the bank

  • Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
  • Banking Licence Held By: M&S Financial Services Plc