M&S launches 'free' current account

Press Association
Marks & Spencer results
Marks & Spencer results

%VIRTUAL-SkimlinksPromo%Marks & Spencer stepped up competition in the banking sector today by launching its first "free" current account.

M&S Bank, which has 3.7 million customers, launched its first current accounts 18 months ago but these were "premium'" products which charged fees of £120 to £210 a year for a package of perks.