Free M&S current account - £100 in M&S vouchers if you switch

DesG

Thank you for applying for one of our M&S current accounts. We’re delighted to tell you that your application has been successful.

Now to wait for forms in the post that need to be signed and sent back.

Is this new-fashioned banking actually pre-historic banking!

rosy

The account with fees has other benefits as well if you keep it for a year: several M&S vouchers/ treats as well as the tea/ coffee ones and if you can save up to £250 a month their monthly saver account ( which I believe you can only access if you have a fee paying current account) pays 6% over the year. If you shop there anyway it's an account worth considering.http://bank.marksandspencer.com/banking/premium-current-account/overview/#summary

Archi_Bald

rosy wrote: »

The account with fees has other benefits as well if you keep it for a year: several M&S vouchers/ treats as well as the tea/ coffee ones and if you can save up to £250 a month their monthly saver account ( which I believe you can only access if you have a fee paying current account) pays 6% over the year. If you shop there anyway it's an account worth considering.

May be, if you shop there anyway (is regular shopping at M&S really MSE?).

But otherwise it is a massively overpriced way to get access to a 6% regular saver account. First Direct do a 6% account with up to £300/mth for free, for instance.

mhuk01

So to clarify, is the best deal with this to get the premium account, pocket the £150 vouchers then downgrade to the standard account after 3 months, incurring £30 in fees?

tipsychick

mhuk01 wrote: »

So to clarify, is the best deal with this to get the premium account, pocket the £150 vouchers then downgrade to the standard account after 3 months, incurring £30 in fees?

I think it is, yes.

Apart from the call to downgrade the Premium account, you're going to be going through exactly the same account opening process for each.

Make sure you don't accidentally apply for the Premium current a/c with insurance.

Jimmy_Neutron

Can you use a Tesco Internet Saver account for the switch to gain £100 in vouchers?

Archi_Bald

Account switching services are only available for current accounts, so no.

ceredigion

why is it no mater with account I'm applying for there is always a question that leaves me perplexed.


How much do you expect these other credits to total?


is that the total of each credit , the total value of credits in a week ,or a month, or a year , or a lifetime.


I know ive moaned about this before but it asked me my employment status , drown down menu , select self employed. then it asked for employers name , its like beating your head against a brick wall.

innovate

ceredigion wrote: »

How much do you expect these other credits to total?

I said £500 and have left it to them to figure out whether that's per day, week, month, year or any other timescale they wish to use for it. I think you can probably avoid answering this Q if you don't specify any other expected deposits.

ceredigion wrote: »

I know ive moaned about this before but it asked me my employment status , drown down menu , select self employed. then it asked for employers name , its like beating your head against a brick wall.

Use your own name, or just select "Home maker" or "At home"? I think I used "At home" because none of the other options seemed to be correct.

Zanderman

ceredigion wrote: »

I know ive moaned about this before but it asked me my employment status , drown down menu , select self employed. then it asked for employers name , its like beating your head against a brick wall.

When I get that question I just repeat 'Self-employed'.

Perhaps writing it as 'SELF-EMPLOYED!' might help them get the message.