Marks & Spencer bank offer two different current accounts. The basic one is free, and the premium one is £10 per month. Both are eligible for this deal.
If you switch your current account to an M&S one using CASS, you will receive a £100 M&S gift card after 3 months. If you stay with M&S Bank for a further 12 months, you’ll get an extra £80 gift card, and if you have an M&S Credit Card, that amount goes up to £120.
To be eligible for the full amount of £220, you must have an M&S Credit Card. You’ll also have to pay in at least £1250 for 10 out of the 12 months, have at least four active Direct Debits, and register for Internet Banking within 3 months of opening your account.
Provided you have two active direct debits, you’ll be entitled to a 5% AER/gross rate on a Monthly Saver account.
If you shop in M&S, you’ll also get 1 point for every £1 you spend in-store on your M&S Visa Debit Card.
How long does this deal run?
According to the terms and conditions, this offer is available from 3 January 2019 onwards.
Who it’s for?
If you’re a regular M&S shopper, this is a cracking deal. Those who already hold an M&S Credit Card can earn up to £220 in vouchers when they switch current accounts. For everyone else £180 in vouchers is still very generous. Plus with the 5% AER/gross interest rate and points bonus, this is a great deal for customers who use this brand.