Marks and Spencer owns 29 banks, all located in stores across the country. All banks are shutting down for good today, with the retailer aiming to focus on its credit cards, insurance, savings and loan products instead.
“We are now firmly focused on supporting our customers and colleagues in this change and on implementing our transformation plans, which will create rewarding new payment solutions for M&S shoppers, both in-store. and online, ”added Mr.
The closures will undoubtedly affect both M&S staff and customers.
The retailer has previously said it will redeploy branch employees where possible, but has not confirmed how many layoffs will take place.
As for customers, the bank will close their existing current accounts on August 31.
If there are any funds left in the bank account by August, they will remain frozen and clients will have to contact M&S to transfer the money elsewhere.
Following bank closures, Marks and Spencer’s banking services will now be transferred only to online, mobile and phone channels.
M&S Bank credit cards, general insurance, savings and loan products will remain the same.
Therefore, customers who own one or more of these products will not be affected by the changes.
M&S Bank is not the only bank to close its doors for good in 2021.
Lloyds Banking Group confirmed last month that it will close 44 more branches in November, meaning it will have closed a total of 100 banks by the end of the year.
Complete list of M&S Bank closures
Aberdeen – Rue Saint-Nicolas
Birmingham – High Street
Bristol – Cribbs Causeway
Bromley – High Street
Cardiff – Culverhouse Cross
Dartford – Bluewater
Edinburgh – The Gyle
Ellesmere Harbor – Cheshire Oaks
Exeter – Main Street
Gateshead – Tube
Glasgow – Argyle Street
Glasgow – Braehead
Lisburn – Sprucefield
London W12 – Westfield White City
London – Marble Arch
Manchester – Market Street
Milton Keynes – East Saxon Gate
Norwich – Street of Crawling Horses
Oxford – Queen Street
Pudsey – Stanningley
Sandhurst – Camberley
Sheffield – Meadowhall
Shoreham – Holmbush Center
Southampton – End of the hedge
St Albans – London Colney
Tipton – Merryhill
Warrington – Gemini
Wilmslow – Handforth