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  • FIRST POST
    • Dan83
    • By Dan83 2nd Mar 16, 8:28 PM
    • 635Posts
    • 256Thanks
    Dan83
    M&S bank
    • #1
    • 2nd Mar 16, 8:28 PM
    M&S bank 2nd Mar 16 at 8:28 PM
    For those who didn't know, M&S have a switch offer of upto £220.

    I applied for an account last night, checked my email today and I've been declined an account.

    I've opened 10+ accounts with various banks since mid Dec and this is my 1st refusal.

    Think maybe it's time to bring my account opening to a halt.
Page 4
    • xylophone
    • By xylophone 18th Oct 16, 12:39 PM
    • 19,179 Posts
    • 10,893 Thanks
    xylophone
    Can I open a current account in the M&S Store Bank?
    Yes, provided that there is a member of staff available who is "qualified to open accounts" - best to make an appointment.
    • indsty
    • By indsty 18th Oct 16, 2:01 PM
    • 317 Posts
    • 803 Thanks
    indsty
    Can I open a current account in the M&S Store Bank?
    Originally posted by marbella
    Yes, I did, but definitely phone or visit first as you will likely have to make an appointment. The process took about 30 minutes when I did it.
    • xylophone
    • By xylophone 26th Oct 16, 9:59 AM
    • 19,179 Posts
    • 10,893 Thanks
    xylophone
    And following on post 49, my switch having completed, I rang to open the regular saver to be pleasantly surprised by the news that as my account had been opened and switch process initiated before the change from 6% to 5%, I would qualify to receive 6% on the regular saver!

    Well done M&S - credit where it's due!
    • Lolly88
    • By Lolly88 26th Oct 16, 10:16 AM
    • 140 Posts
    • 489 Thanks
    Lolly88
    Can anyone with the regular saver tell me how long it's taken them to access the money with interest once it has matured? It says up to five working days on the M&S website but I just wondered if it's actually this long in practice?
    Saving for a House Deposit
    Save 12k in 2016 #002: £13,017.99/£12000
    Save 6k in 2015 #139: £8250
    /£6000
    Total: £21,267.99/£25,500 = 83.4%
    • xylophone
    • By xylophone 26th Oct 16, 11:00 AM
    • 19,179 Posts
    • 10,893 Thanks
    xylophone
    Can anyone with the regular saver tell me how long it's taken them to access the money with interest once it has matured? It says up to five working days on the M&S website but I just wondered if it's actually this long in practice?
    http://www.moneywise.co.uk/m-s-bank/monthly-saver

    If it operates in the same way as FD, it's quicker if you already have an everyday saver into which maturity proceeds can be transferred.

    I have opened an everyday saver with M&S in addition to the regular monthly saver - it pays 0.5% if you have a current account with M&S - harly a fortune but not bad considering current rates.
    • johnac
    • By johnac 26th Oct 16, 8:49 PM
    • 16 Posts
    • 8 Thanks
    johnac
    If you makes use of mobile banking apps (which I do as it's easier than logging in online) avoid M&S. Their mobile app as awful, you can view your balance and look at the last 5 transactions and that's it.

    I assumed it would be an M&S branded version of the HSBC/First Direct (both I've used, neither perfect but at least you can do day to day banking things)

    M&S app like the first foray into mobile apps banks started with 10 years ago.

    Enjoying free lunch with the gift card, wouldn't use as main account.
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