M & S Bank - Current Account Switch Reward = £125 gift card +  £5 for 12 months for staying
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M & S Bank - Current Account Switch Reward = £125 gift card + £5 for 12 months for staying

12
Found 13th Apr

2925723.jpg£185 M&S gift card
. Once you’ve switched using the Current Account Switch Service, including two active Direct Debits, we'll send you a £125 M&S gift card. But that's not all. Once you have your M&S gift card, we'll top it up 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
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12 Comments
Does anyone know if you can do this twice?
Thanks OP. Not sure if you can do this twice(?). £125 cash would be better in my opinion! (I guess they want to ensure you put the money back into M&S)...however free money. We can’t be too picky can we? Or can we?
Edited by: "steve765" 13th Apr
Not available if you have switched to M&S before:

"You must not have previously held an M&S current
account and used the Current Account Switch Service,
or submitted a ‘Switching your standing orders and
Direct Debits’ form to us or used any other switching
method to switch your banking and received any
switching incentive whether the accounts are currently
opened or closed."
steve7651 h, 25 m ago

Thanks OP. Not sure if you can do this twice(?). £125 cash would be better …Thanks OP. Not sure if you can do this twice(?). £125 cash would be better in my opinion! (I guess they want to ensure you put the money back into M&S)...however free money. We can’t be too picky can we? Or can we?


you can get the first direct current account if you want £125 cash and can get a 5 % regular savers accounts
With their markups, they won't lose much money!
I just realised when I switched to m&s 5 months ago I didn't get the switch bonus I have to chase this up.
There's also the 5% monthly saver account, more details here from the last time this was posted. Not sure why it was expired as it's been on going for months now.

Helps pay for the meal deals

From the January post
No direct debits. Can you have standing orders instead
pureamz00323 m ago

No direct debits. Can you have standing orders instead



just make 2 paypal accounts and link the bank account to each .... voila, send 2 x £1 to your other paypal account , then send 2 x £1 back from the other each month
rooney1010 m ago

just make 2 paypal accounts and link the bank account to each .... voila, …just make 2 paypal accounts and link the bank account to each .... voila, send 2 x £1 to your other paypal account , then send 2 x £1 back from the other each month


Can you set that to be automatic, or does it need to be manually done each month?
TallYoda1 h, 21 m ago

Can you set that to be automatic, or does it need to be manually done each …Can you set that to be automatic, or does it need to be manually done each month?


Manually each month
Doesn’t say you need to switch any direct debits?

Just mentions that you need two once the account is running to get the additional £5 gift per month
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