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Marks and spencer
Aldo12
Posts: 7 Forumite
Hi All
planning to switch bank accounts (cahoot) to M&S bank but i dont have a salary going into the account being switched (cahoot), just a standing order from another account (first direct) which receives my salary and i dont want to close.Am i able to do this or will they only accept a direct salary payment for the minimum £1000 that needs to go in each month?
Many thanks
Alan
planning to switch bank accounts (cahoot) to M&S bank but i dont have a salary going into the account being switched (cahoot), just a standing order from another account (first direct) which receives my salary and i dont want to close.Am i able to do this or will they only accept a direct salary payment for the minimum £1000 that needs to go in each month?
Many thanks
Alan
0
Comments
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Hi All
planning to switch bank accounts (cahoot) to M&S bank but i dont have a salary going into the account being switched (cahoot), just a standing order from another account (first direct) which receives my salary and i dont want to close.Am i able to do this or will they only accept a direct salary payment for the minimum £1000 that needs to go in each month?
Many thanks
Alan
Yes, you are able to do this.
No, they will not only accept a direct salary payment. In fact, I'm not aware of any bank which stipulates this. Probably because many people, like me, don't have a salary;)0 -
Thanks Badger
Alan0 -
got refused from marks and spencer have regular incom of 30000 an good credit score so why0
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got refused from marks and spencer have regular incom of 30000 an good credit score so why
They are a law unto themselves. Who knows??
Maybe you didn't meet other criteria- house owner? Honestly don't know but you won't be the first.Being polite and pleasant doesn't cost anything!
-Stash bust:in 2022:337
Stash bust :2023. 120duvets, 24bags,43dogcoats, 2scrunchies, 10mitts, 6 bootees, 8spec cases, 2 A6notebooks, 59cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82
2024:Sewn:59Doggy ds,52pyramids,18 bags,6spec cases,6lav.bags.
Knits:6covers,4hats,10mitts,2 bootees.
Crotchet:61angels, 229cards=453 £158.55profit!!!
2025 3dduvets0 -
Katiehound wrote: »They are a law unto themselves. Who knows??
Maybe you didn't meet other criteria- house owner? Honestly don't know but you won't be the first.
Or the last;)
brisker, if you are concerned by this 'refusal', check your credit reports with all 3 CRAs in case there is anything there you're not aware of.
Don't take it personally, there are plenty of other banks out there.0 -
Just remember that M&S and First Direct both use HSBC systems.
If HSBC goes down then it's possible that both of them will too.
Do you have a non-HSBC account to fall back on?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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