Marks & Spencer Financial Services Ltd

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Business Focus
retail banking

Marks & Spencer Financial Services (branded as M&S Bank) is a financial division of Marks & Spencer, a major British multinational retailer. M&S Bank provides a broad range of retail banking and insurance products and services.

Services

retail banking

Clients

individuals

Area Served

GBUnited Kingdom

Products

credit cards
current accounts
personal loans
mortgage loans
insurance
travel money
savings accounts
time deposit accounts
ISA accounts

Account Opening

Becoming a client of Marks & Spencer Financial Services Ltd can be done in a few steps:

1.
Submit online application

Due to regulatory requirements Marks & Spencer Financial Services Ltd performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Marks & Spencer Financial Services Ltd will ask him/her to provide the following documents: passport or ID card; utility bill; employment details; income details. For corporate clients Marks & Spencer Financial Services Ltd will ask to provide corporate documentation as well as information about controlling persons. Marks & Spencer Financial Services Ltd may request additional documentation or information depending on the case.

Ways to Bank

Marks & Spencer Financial Services Ltd delivers its products and services through both direct and indirect channels, namely:
online banking
mobile app
retail store

Financials

Total Assets of Marks & Spencer Financial Services Ltd
Annual_profit of Marks & Spencer Financial Services Ltd
Market Share of Marks & Spencer Financial Services Ltd
Total Assets (2018)
5,569.90 mln GBP  (-3.72%)
Annual Profit (2018)
19.04 mln GBP

Marks & Spencer Financial Services Ltd is the 52nd largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 5 569,90 mln GBP, providing the bank with the market share of 0.06%. In 2018 the bank's annual profit was 19,04 mln GBP.

Deposit Guarantee

Protected Amount
up to 85,000 GBP
Guarantee Fund
Financial Services Compensation Scheme (FSCS)
Covered Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

Marks & Spencer Financial Services Ltd participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Marks & Spencer Financial Services Ltd is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

Contacts

Kings Meadow, Wrexham Road, CH99 1DS, Chester X, United Kingdom
210
44 08459000900
44 01244686258

Marks & Spencer Financial Services Ltd is headquartered in Chester X.

Bank Identifiers

BIC (SWIFT)
MSFEGB21XXX
LEI
2138009M124EE2Q9ZK29
Company Number
01772585
MFI ID
GB1715

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
151427

Marks & Spencer Financial Services Ltd is authorized and supervised by the Financial Conduct Authority (reference number 151427).

Bank History

Start Date
November 1983

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