Marks Spencer bank to close all current accounts and 29 branches this summer
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mirror.co.ukRetail giant Marks & Spencer will terminate its current account offering this summer as a result of a surge in digital banking.
The chain, which has 3million banking customers UK wide, said 29 bank branches, located inside stores, will also permanently close.
From today, M&S Bank will start contacting current account customers and those who use the bank branches to make them aware of the changes and to explain their options.
It said in-store travel money bureaux, which are located in over 100 M&S branches, are unaffected. The bank said the next stage of its transformation programme will be to focus on credit cards and rewards with plans to merge further with its Sparks Card.
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