Marks & Spencer tipped to launch its own banks in store next month

5corpio started a blog post Marks & Spencer tipped to launch its own banks in store next month
7 June 2012, 19:11

Share

Tweet
Marks & Spencer tipped to launch its own banks in store next month

High Street favourite Marks & Spencer is set to offer customers more than just clothes and food, and is tipped to launch its own bank branches in store next month. The first branch will open next month in its flagship Marble Arch store with another 20 planned shortly afterwards, according to a report in trade magazine Retail Week. The bank is most likely to be an extension of the shop's existing financial arm M&S Money, which is actually owned and run by HSBC, and offers credit cards and savings accounts to customers - with reports suggesting it will also launch mortgages....Read more here: M&S tipped to launch bank branches in store next month? | This is Money
Tags: None
1 - 3

3 comments
- #1
  
  5corpio commented
  
  22 July 2012, 10:12
  
  Editing a comment
  
  High Street retailer Marks and Spencer will charge customers a monthly fee of up to £20 for users of its first current account. Customers will also be offered money-off vouchers that can be used in stores. M&S recently announced it was to launch an in-store banking service this summer, backed by HSBC. A number of traditional banks offer "packaged" bank accounts, which also carry a monthly fee. The Financial Services Authority (FSA) says one in five UK adults has such a packaged account. But it says some consumers are being sold accounts that they may not need, and has made proposals to tighten up sales of these types of accounts....Read more here: Marks and Spencer to charge for bank account
- #2
  
  5corpio commented
  
  23 August 2012, 09:45
  
  Editing a comment
  
  'We would not sell anything that people don’t need' - M&S Bank boss defends £15-a-month account. There are not many bank bosses who can join in with public criticism of Wayne Rooney’s pay package without sounding ludicrously hypocritical, or who can claim to have played in the FA Cup. But Newcastle-born Colin Kersley is no ordinary bank boss – he is the M&S Bank boss. The 55-year-old is responsible for trying to persuade the retail giant’s army of 12m regular shoppers to sign up for a bank account while they peruse the aisles for a natty summer blouse. ....Read more here:
- #3
  
  5corpio commented
  
  26 September 2012, 18:46
  
  Editing a comment
  
  M&S to open more bank branches
  
  Marks & Spencer has announced plans to open 28 bank branches by the end of the year as its first current accounts went live.
  The retail giant, which has so far opened 13 bank branches out of 16 locations which have already been confirmed, unveiled a further list of 12 branches planned by the end of 2012. They will open in London Colney, Hertfordshire; Braehead, Renfrewshire; Oxford; Merry Hill, Dudley; Milton Keynes; Cheshire Oaks, Cheshire; Camberley, Surrey; Norwich; White City, London; Exeter; Shoreham, W Sussex; and Lisburn, Belfast. Meanwhile, customers can apply for M&S premium current accounts from today, which carry fees of up to £240 a year in return for "transparent" terms and a range of in-store perks. The retailer opened its first bank branch in July, offering seven days a week banking facilities and a pager service meaning customers can carry on with their shopping instead of queuing.....Read more here: MS to open more bank branches
Previous template Next

You must be logged in to post a comment.

Announcement

Marks & Spencer tipped to launch its own banks in store next month

Marks & Spencer tipped to launch its own banks in store next month