Finance Breaking news M&S Bank to close all current accounts and instore branches last financial news

Breaking-Finance.Com - The banking offshoot of UK retailer Marks & Spencer is to close all of its current accounts and shut its 29 instore branches to focus instead on reward-based credit cards and digital payment services.

Finance Breaking news M&S Bank to close all current accounts and instore branches last financial news

Breaking-Finance.Com - The banking offshoot of UK retailer Marks & Spencer is to close all of its current accounts and shut its 29 instore branches to focus instead on reward-based credit cards and digital payment services.

Finance Breaking news M&S Bank to close all current accounts and instore branches last financial news
05 March 2021 - 15:45

Breaking-Finance.Com - The banking offshoot of UK retailer Marks & Spencer is to close all of its current accounts and shut its 29 instore branches to focus instead on reward-based credit cards and digital payment services. Launched in 2012, M&S Bank operates as a joint venture arrangement between HSBC and Marks & Spencer. It currently claims some three million customers.

.The retailer says it will pull up the shutters on its bank branches in July and stop serviving current accounts in August.Paul Spencer, CEO, M&S Bank, says: “As we adapt to meet the changing needs of our customers, and we deliver some new - more digitally-focused products and services - it does regrettably mean we will move away from branch-based servicing and the 29-in-store bank branches and associated current account will close this summer. We’re now firmly focused on supporting both our customers and colleagues through this change, and the delivery of our transformation plans, which will create new and rewarding payment solutions for M&S shoppers, both in-store and online.”

Source = Breaking-Finance.Com

Financial breaking news

This news 78 hits received.

Finance Breaking news M&S Bank to close all current accounts and instore branches last financial news


Finance Breaking news M&S Bank to close all current accounts and instore branches last financial news


Finance Breaking news M&S Bank to close all current accounts and instore branches last financial news


Finance Breaking news M&S Bank to close all current accounts and instore branches last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news Apple lets couples co-own card to build credit together last financial news
Finance Breaking news Apple lets couples co-own card to build credit...
Finance Breaking news JP Morgan, Morningstar and Broadridge invest in Tifin last financial news
Finance Breaking news JP Morgan, Morningstar and Broadridge invest in...