Marks & Spencer Bank Deals

Marks & Spencer Bank Deals & Offers

13 hot deals

All Marks & Spencer Bank Deals, Discounts & Sales for February 2018

M&S Bank. 90% LTV two-year fixed mortgage 2.09%, £995 fee, £1,000 cashback
349°
Found 26th JanFound 26th Jan
M&S Bank have launched its first mortgage range and is particularly aiming at first-time buyers needing a high loan-to-value (LTV), although there are also products for movers … Read more
Editor Get dealGet deal
Please make it clear they operate a discriminatory policy of only considering UK citizens for their mortgage applications regardless of the individual's financial health, responsibility or creditworthiness.
No deal is better than a bad deal.
Excellent deal if you only have a 10% deposit.

Although since UK rates are historically low I would recommending a fix with a larger deposit, maybe 20%, fixing for a much longer period - 5 or 10 years. Depends on your individual circumstances though I guess.
Edited by: "davewave" 26th Jan
Can I make overpayments?
Yes, you can make overpayments of up to 10% of your mortgage balance in each year of the fixed rate period, without incurring an early repayment charge. If you exceed your annual overpayment allowance, an early repayment charge will be charged on the amount you have repaid above the 10% allowance. At the end of the fixed rate period, you are able to make unlimited overpayments.
Any early repayment charge applicable will be calculated based upon the percentage charge at the time of the overpayment as detailed within your European Standardised Information Sheet (ESIS) document.
Can I pay off the mortgage early?
If you fully repay your mortgage whilst you are in the fixed rate period you will incur an early repayment charge.
Details of the early repayment charge will be set out in your ESIS document.
Will I incur an exit fee?
No, we do not charge an exit fee.
Edited by: "scott2c" 26th Jan
Pure_Evil41 m ago

Danske do a 95% LTV and give you up to £1500 back in cash if you take 150k …Danske do a 95% LTV and give you up to £1500 back in cash if you take 150k mortgage at 2.48%. No fees.



2.48% is for their 86% to 90% LTV. For the 91% to 95%, the rate is 3.85%. On a 150k mortgage, it would cost you around £5,200 more interest than the M&S deal over the two years. It works out better for the 86% to 90% range.
Edited by: "Master.G" 26th Jan
Danske do a 95% LTV and give you up to £1500 back in cash if you take 150k mortgage at 3.85%. No fees.
Edited by: "Pure_Evil" 26th Jan
Free £125 M&S gift card + £5/mth for a year + linked 5% savings. M&S Bank gives new switchers a £125 M&S gift card, and for the first year it'll add another £5/mth. It also offers a 5% fixed regular savings account and to some, a £100 0% overdraft
350°
Found 4th JanFound 4th Jan
M&S CURRENT ACCOUNT £185 M&S gift card when you switch and stay Footnote 1* , plus… Access to a 5% AER/gross fixed rate for 12 months with the M&S Monthly Saver … Read more
Obviously, giving you a M&S card...isn't real cash, as it forces you to buy from their store...thus it's probably only worth £25 in real cost to them.
Bestbitter18 m ago

Thanks. I did this a few months ago. Gift card sent within a month, and £5 …Thanks. I did this a few months ago. Gift card sent within a month, and £5 credited to gift card every month. Savings also set up, and earning 5% (£75 pa).Yes, it takes a bit of effort, and they do a follow up call with questions, but you do get a free £125 M&S card for it. Internet Banking is a hassle with the small disk they give you to enter a code each time, and as I have other banks, that encourages me to not use their bank for daily banking.Will switch out again when year is up, but that's what has to be done to get any 'interest' from banks at the moment.The OP took time to post this, and the description is almost the same as the M&S website, where she may have got it from. It is also advertised elsewhere, so the flack about not mentioning MSE are a bit unfair....they are not exclusive for switching deals.


Your missing the point too its not about it been been an exclusive switching deal BUT where the source of the information came from that's all
Thanks. I did this a few months ago. Gift card sent within a month, and £5 credited to gift card every month. Savings also set up, and earning 5% (£75 pa).
Yes, it takes a bit of effort, and they do a follow up call with questions, but you do get a free £125 M&S card for it.
Internet Banking is a hassle with the small disk they give you to enter a code each time, and as I have other banks, that encourages me to not use their bank for daily banking.
Will switch out again when year is up, but that's what has to be done to get any 'interest' from banks at the moment.

The OP took time to post this, and the description is almost the same as the M&S website, where she may have got it from. It is also advertised elsewhere, so the flack about not mentioning MSE are a bit unfair....they are not exclusive for switching deals.
I switched a few months back. Gift card paid for Xmas good, will do same this year.
I looked into this a few months whilst lookingfor a new bank. Short of asking for your inside leg measurement they ask for an awful lot of information which to be honest put me off.
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M&S Bank £185 gift card if you switch and stay plus £100 0% ear overdraft
206°Expired
Found 4th Oct 2017Found 4th Oct 2017
M&S CURRENT ACCOUNT £185 M&S gift card when you switch and stay Footnote 1* , plus… Access to a 5% AER/gross fixed rate for 12 months with the M&S Monthly Saver… Read more
diggeroony1st Dec

How quick did you recieve your gift card ?


I think it took about a month to come.
vwguy5th Oct

I moved to M&S bank for a current account last month.I'm a little …I moved to M&S bank for a current account last month.I'm a little disappointed overall, every time I want to log into my bank account online I have to generate a pin code using a pin generator they sent me. So if I want to log into my account whilst out of the house I have to take the pin generator with me everywhere I go otherwise I can't make online transactions. Also the M&S app only lets you check your balance, you can't send/make payments on the app, you have to go to the proper website.I used to bank with TSB and all I had to do was insert my fingerprint to log into my account and I had all banking options there. M&S Bank (whose parent company is HSBC) feels like a bank of the 90s still. That's surprising as I think HSBC customers don't have to go through the same set up.


How quick did you recieve your gift card ?
ran123ran7th Oct

Can someone advise how this works? I have gone through application process …Can someone advise how this works? I have gone through application process to switch and not once did it ask for details of my current "current account"

When you've got the account accepted ,phone m&s customer services and they'll do it over the phone and you can even pick a switch date that suits you .
Can someone advise how this works? I have gone through application process to switch and not once did it ask for details of my current "current account"
Edited by: "ran123ran" 7th Oct 2017
bank says app will be updated November, but yeh, pain in the rear end that pin code thing.
M&S Reward Plus credit card:  up to 2,500 loyalty points, worth £25, to spend at M&S
205°Expired
Found 27th Sep 2017Found 27th Sep 2017
M&S Bank has launched a new credit card offer called Reward Plus. Customers get: 2,000 M&S loyalty points (worth £20) Double points on M&S shopping for the first … Read more
Editor Get dealGet deal
They stopped making their family size mince pie .. I can never forgive them for that ....
£185 of M&S vouchers for switching your current account
472°Expired
Found 4th Aug 2017Found 4th Aug 2017
From mse The M&S Bank* Current Account gives you a £125 M&S gift card, with no minimum pay-in, plus reward points when you shop in M&S. You also get a decent £100 0%… Read more
Check nationwide.... no dd requirement for £206.25... and 2 dd for refer a frnd and switch

£100 refer a frnd and switch
£125 if you can keep £2500 in savings account
£81.25 if you can put aside £250 per month (this was £500 sometime back)

Total - £306.25

Next option first direct.
£100 switching
£97.50 if you can put asidr £300 max 5% regular saver

Total - £197.50

check moneysavingexpert website.... some good options there...
Edited by: "Rkp" 6th Aug 2017
it only last a year, i signed up. to reward Last year with just 5 pounds using cash back, now i got nothing and rubbish interest rates, the tsb offers are bonus that last year
FrugalFergal10 h, 8 m ago

Can we open a joint account with this?


Why not open one each and get double the money? Then join them later...
jonmarz8919 h, 57 m ago

not bad, my bank tsb is just doing nothing, expect holding money but i …not bad, my bank tsb is just doing nothing, expect holding money but i like all my accounts on one bank


I thought with the plus account you get a fiver a month plusextra fiver for spending a fe times on debit cards.
Can we open a joint account with this?
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M&S Bank 25 Months 0% Purchase Credit Card + £55 M&S Vouchers
659°Expired
Found 1st Aug 2017Found 1st Aug 2017
Accepted new M&S credit card holders get a decent 25 months 0% on spending. Plus those who apply by 31 Aug and spend at least £100 on it by 30 Sep will get a £50 M&S vouch… Read more
Boooooooooooom, £50 credit on card for me and £50 for Ol' lady.........Top banana vassy1 great find
I applied via the link on hot UK I think
stamu7th Nov

Got two £25 vouchers following my secure message sent online



degatron7th Nov

I also rang this number above, I have had £50 credited to my credit card …I also rang this number above, I have had £50 credited to my credit card also!



russelleames2nd Nov

I rang 0345 900 0900 earlier and they credited £50 onto my card....



deals_k_0131st Oct

I called them and said i hadn't received it- they credited £50 onto my …I called them and said i hadn't received it- they credited £50 onto my card instead :-)




Did you guys apply via the Money Saving Expert or Money Supermarket links?

I haven't received my voucher, and when I asked them about it they've said I'm ineligible because I didn't apply via the money saving site links...
Got two £25 vouchers following my secure message sent online
I also rang this number above, I have had £50 credited to my credit card also!
M&S Credit Card 0% for 25 months not as long as the AA card but £30 cashback + £5 to spend in m&s
343°Expired
Found 9th Jul 2017Found 9th Jul 2017
Surely if you don't need the 2 years 8 months on the aa card then this 2 year card and £30 cashback plus £5 to spend in m&s has to be worth it! Buy that boiler for a grand and … Read more
This looks good to me as I currently have an Aqua card that gives me 0.5 cashback, thought I'd pay my rent on it and voila , quids. Turns out a) You cant set up a direct debit on a credit card b) the card charges interest from the day of purchase thus neatly wiping out any cashback x10.
I was a bit shocked to be three months in arrears also : Yikes!
*their sandwiches are a bit overpriced tho ...
Edited by: "GwanGy" 26th Jul 2017
- though only do your normal spending on it.


Argh.. Bl00dy Martin Lewis comment
BeautyLoverz1 h, 47 m ago

I have an existing M&S card. Can I close it and apply for new one? How do …I have an existing M&S card. Can I close it and apply for new one? How do you change your Credit cards?

Unfortunately not. I alternative my cards. Depending on the provider you're normally a new customer in 6-12 months. Most recently I went from Tesco to post office, back to Tesco, then to AA. Picking up £30 a pop. As soon as you get the cashback close the account.

You're only limited by how many applications you want on your file. I have several current accounts and regularly change my utilities etc so don't get as much as I could as my credit rating is very good. Free money for little effort anyway.

Anyone know if M&S Credit Cards are Contactless & Can be used with Apple Pay or Android Pay? Also how simple is the Online Portal & Is there an App for it as well?

BeautyLoverz

I have an existing M&S card. Can I close it and apply for new one? How do … I have an existing M&S card. Can I close it and apply for new one? How do you change your Credit cards?



I believe you wouldn't be eligible as you can't have owned an M&S Credit Card in the last 12 Months to be eligible for this offer sadly!
Edited by: "Marky264" 10th Jul 2017
Jetset19818 h, 24 m ago

Good deal. Just a mention that the AA card has £26 via topcashback. I …Good deal. Just a mention that the AA card has £26 via topcashback. I change my credit card 2 times a year purely for cashback. Alternative between AA, Post office and Tesco. £60 a year free. I've been doing it a few years and always been paid out. You can do as often as you like but I try to keep my credit applications to 6 a year or so.


I have an existing M&S card. Can I close it and apply for new one? How do you change your Credit cards?
£185 M&S vouchers for switching current accounts
376°Expired
Found 28th Apr 2017Found 28th Apr 2017
M&S Bank has upped its switching incentive for new current account customers. People switching their current account to M&S can now get a £125 M&S gift card plus £5 a… Read more
Editor Get dealGet deal
browntoa

they are extremely picky about who they take as customers , expect … they are extremely picky about who they take as customers , expect multiple requests for you to ring them and send in ID . but you do get there in the end . Nice friendly UK call centres



​true. they refused me because I only work part time
they are extremely picky about who they take as customers , expect multiple requests for you to ring them and send in ID . but you do get there in the end . Nice friendly UK call centres
Original Poster Editor
defgimp

Can you switch to this account and then switch elsewhere when you've got … Can you switch to this account and then switch elsewhere when you've got the £125, ignoring the fiver a month or do you sign up for a year?



​You can go once you have the £125.
since switching I've not yet had my monthly bonus despite 2 active DDs and £1000 paid in... also the login process is horrible and the app is poor as it just shows your balance.

take initial voucher and leave!
Jiwani80

Does your current account get closed if you use the switching service to … Does your current account get closed if you use the switching service to open a new current account


thats what switch means... you 'switch'(move) your account from one bank to another..... but there is no limit on bank accounts, just open a new account at whatever bank you are currently with and switch that...... remember to conditions for things like direct debits as some banks require a few to be switched for the reward...
Edited by: "X50pence777" 29th Apr 2017
M&S Credit Card Shopping 25 months PLUS £30 cashback!! Plus extra bonus points
87°Expired
Found 27th Apr 2017Found 27th Apr 2017
M&S CREDIT CARD SHOPPING PLUS OFFER Exclusive offer – £30 cashback £30 cashback if you complete a balance transfer of over £100 or spend over £100 on your card by 30 June 2017 … Read more
dudea729

How generous was the scheme previously?



1 point per pound m&s, 1 point per £2 everywhere else. Now its 1 point per £5 spend everywhere else, so works out that you have to spend £300 more everywhere else compared to how it was before to earn £1 (so £500 to earn £1 reward) so it's not so generous for points on non-m&s spends. I've had hundreds of pounds of vouchers over the years but this really ruined it a bit for rewards
freebiehunter

The m&s credit card is a decent MasterCard, easy online account access … The m&s credit card is a decent MasterCard, easy online account access and they are quick to answer calls too. Been using it fur years, only downside is they slashed how the points scheme works so gotta spend a lot now to ever see enough vouchers stack up



How generous was the scheme previously?
Original Poster
This is a decent card you can spend £100 and get £25 off
The m&s credit card is a decent MasterCard, easy online account access and they are quick to answer calls too. Been using it fur years, only downside is they slashed how the points scheme works so gotta spend a lot now to ever see enough vouchers stack up
M&S Credit Card 32 months BT 0.99% fee but £25 cashback
343°Expired
Found 16th Apr 2017Found 16th Apr 2017
The M&S credit card* offers Accepted cardholders will definitely get the full 32 months 0%, unlike some of the other cards which could accept you then offer fewer interest-free… Read more
sisqoboy2

got the card. not mention any cashback. did I miss something?



Says it will be credited by 31st July providing you meet the following criteria:

bank.marksandspencer.com/pdf…pdf

got the card. not mention any cashback. did I miss something?

they needed more info about me and today received an email. cool. thanks OP for posting the deal. [img]{{/storage/emulated/0/Android/data/com.tippingcanoe.hukd/files/Pictures/thread2666420/1492623727560_transformed.png}}[/img]
thermomonkey

I would also like to know after how long you become a 'new' customer?


Eligibility criteria for the cashback
5. To be eligible for the cashback, the following requirements must be met:-
a) you are not an existing M&S Credit Card holder and have not held a credit card with M&S within the past 12 months...
Never done this before. Can u transfer balance to more then 1 card?
M & S Home insurance £40 voucher with a valid new buildings and contents policy (also £25.25 TCB cashback)
79°Expired
Found 13th Mar 2017Found 13th Mar 2017
M & S are offering £40 vouchers for a new valid building and contents policy taken out before 28 March. Unusually, the option to pay monthly does not incur any additional fees.… Read more
Get dealGet deal
Original Poster
ozodimal

Doubt that TCB will be payable if M&S offering £40 voucher themselves. … Doubt that TCB will be payable if M&S offering £40 voucher themselves. That's usually against TCB's T&Cs.


You maybe right there. A closer look at the T&C shows this. TCB has tracked. I will keep my fingers crossed!
Doubt that TCB will be payable if M&S offering £40 voucher themselves. That's usually against TCB's T&Cs.
they are asking for double than my current provider ..
M&S Current Account - £100 gift card for switch and up to £120 GC [£10 a month with £1000 paying in]
392°Expired
Found 20th Jul 2016Found 20th Jul 2016
Was looking to switch my current account and this looked like a decent deal.. £100 gift card to switch an existing current account. Switching needs to be done from a current acco… Read more
tomdavidrichards

Its not internal,HSBC,first direct and m&s are classed as separate. Just … Its not internal,HSBC,first direct and m&s are classed as separate. Just means from a m&s savings account etc to current account and back.


Ok great thanks for that
rdbradshaw

Just a thought , you know the £1000 pay in , I'm fairly sure it can't be … Just a thought , you know the £1000 pay in , I'm fairly sure it can't be internal and I would class my 1st direct account as internal as its same company as M&s . If I can't do it that way I would have to physically take out £1000 and put into M&s via post office I hop I don't have to do that it's a bit of a faff




Its not internal,HSBC,first direct and m&s are classed as separate. Just means from a m&s savings account etc to current account and back.
tomdavidrichards

You can withdraw straight away


Just a thought , you know the £1000 pay in , I'm fairly sure it can't be internal and I would class my 1st direct account as internal as its same company as M&s . If I can't do it that way I would have to physically take out £1000 and put into M&s via post office I hop I don't have to do that it's a bit of a faff
cliosport65

can you switch from HSBC ?



Yes
can you switch from HSBC ?
M&S Bank, new switch incentive, £100 gift card, plus £10 gift card top up each month equals £220 gift card in a year, plus potentially even more.
501°Expired
Found 5th Jan 2016Found 5th Jan 2016
Its that time of year again when banks want our cash, first out of the blocks was the co-op topcashback deal from yesterday, today M&S have increased their incentives to offer … Read more
Grapey

Worth it for the £100 gift card but honestly, if I was eligible, I would … Worth it for the £100 gift card but honestly, if I was eligible, I would find it hard to stick with them for a year to get the other £120. I switched to them at the end of last year and switched again as soon as possible - hated all the messing about with the 'pass' whenever you logged on or made a payment etc and not having a decent app is unforgivable, app is balance check only. Urgh!


How quickly did you get the gift card?
WillPS

Is the £100 overdraft compulsory? When I applied last March-ish it wasnt, … Is the £100 overdraft compulsory? When I applied last March-ish it wasnt, and I applied without.Unless you actually need an overdraft, it's always best not to get one when switching I find - certainly has less of an impact on your credit record.


Yes, was told the application includes a minimum £100 overdraft on all accounts and i couldn't apply for one without.
ajavaid92

A lot of the big banks have this "weird little gadget" including HSBC, … A lot of the big banks have this "weird little gadget" including HSBC, Natwest, Barclays, etc.



​HSBC has moved on to mobile app so you don't need secure key /token device to log in.
Youngy

Do they? I'm with Lloyds but still have to login with password. 2FA would … Do they? I'm with Lloyds but still have to login with password. 2FA would be better, how do you setup SMS/App for authentication?



All the sites need a user/password but Natwest for example to send payments to a new payee you need to use a physical device where you put your card in and then the PIN. With Lloyds for example they call you with a code to enter on the phone.

This thing:
https://supportcentre.natwest.com/app/answers/detail/a_id/1233/~/what-is-a-card-reader-and-why-do-i-need-one%3F

Edited by: "kiish" 6th Jan 2016
kiish

Lloyds etc all now have authentication through SMS/App



Do they? I'm with Lloyds but still have to login with password. 2FA would be better, how do you setup SMS/App for authentication?
M&S Current Account - £100 gift card + Dine in for two £10 voucher
344°Expired
Found 13th Aug 2015Found 13th Aug 2015
Found on MoneySavingExpert: Exclusive offer - apply for an M&S Current Account through MoneySupermarket or Money Saving Expert between 11 August and 30 September 2015 and rece… Read more
Great
howbord

The key point to remember here is that to qualify you must switch an … The key point to remember here is that to qualify you must switch an existing account using the account switching service - you cant just open an account and get the gift cards.Not saying its not a good offer, just that you have to read the t&c's carefully



It's very easy to do. Just open more credit card accounts and Bob's your uncle! However, £100 M&S voucher does not go very far! I'd rather have £100 cash!
heat! the limit on the saving is £250
Also there is a limit of like £300 quid/ month on the 6% saving account. Can't remember the exact figure but yeah, check it out.

This is a good deal, I'll be using it soon to switch.
The key point to remember here is that to qualify you must switch an existing account using the account switching service - you cant just open an account and get the gift cards.
Not saying its not a good offer, just that you have to read the t&c's carefully
19 months 0% +£30 to spend in M&S food+ they will beat your renewal car insurance quote by at least £50
487°Expired
Found 26th Feb 2015Found 26th Feb 2015
Exclusive offer - £30 voucher to spend in M&S £30 voucher to spend in M&S on food, wine and flowers if you spend using your card by 31 March 2015 (apply by 28 February). Yo… Read more
Get dealGet deal
Thanks I will email them now
I received mine this week after emailing them twice..
how long until you get a voucher?
Damn it - my car insurance due on Saturday. Would have been ideal but too late to apply as wont have card in time
Got mine last week