M&S use barclays??

tuux1598g

Hey,

I just phoned M&S up to get accounts details to pay a standing order onto my new credit card and it turns out that they use a Barclays account for this, why not a HSBC one considering they are owned by HSBC?


Cheers,

Shaun

Phoenix79_2

Not uncommon. My HSBC sharesave account is with Halifax and the HSBC Exec expenses account is run by RBS. I think its done to promote 'transparency' and so they can't be accused of fiddling figures. Plus M&S Money may have been using Barclays before the agreement was in place with HSBC.

tuux1598g

Ah ok, fair enough - thanks, it just came across as a bit odd at first but it does make sense

SpudGunner

HSBC own M&S????? Dont think so!

Also people like the Halifax itself use Barclays for their clearing.

Phoenix79_2

SpudGunner wrote:

HSBC own M&S????? Dont think so!

HSBC own Marks and Spencers financial services