Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Marks and Spencer Will Charge for Its Bank Accounts

By Jacob Lender Subscribe to RSS | July 23rd 2012 | Views:
loading
 
  



The customers are going to charge using current accounts at Marks and Spencer when it will introduce its banking services this year. Backed by one of the major banks of the country, HSBC, the financial operation of the retailers of the high street, is very much ready to be the first form that will be to scrapping free accounts in the UK.

Quite a few banks of the high street are offering "packaged" bank accounts which also charge fee on monthly bases, where the Financial Service Authority that is FSA is making claims that every one-in-five adults in the UK such kind of a similar account. Marks & Spencer is all set to unveil its first bank branch in the London tomorrow, which is going to offer two accounts to its customers,- one that is priced at 20 pounds in a month and the other at 15 pounds in a month.

The account with a price tag of £20 has to offer travel insurance along with in-store benefits which are worth up to the range of 658 pounds in a year, as per M&S. These are also inclusive of 40 pounds worth of vouchers, 20 per cent off on a monthly spending of 250 pounds in the first year as well as free hot drinks. The customers will also be given an access to a savings account which will be having a fixed rate of 6 per cent.

On the other hand, the account that has been priced lowered does not comes to the customer with insurance as well as contains a lower amount of benefits in comparison to the other one. Both the accounts have an automatic over-drafting of 500 pounds, with the first 100 pounds being free from interest. Apply with text loan lenders @ http://www.textloanlenders.org.uk/ and get quick fiscal aid at reasonable terms.

Andrew Hagger who works at Moneynet, had to say that he never thought of M&S coming into the market with a premium fee paying current account as well has feels that this may also limit up the number of people who will be switching over from their current bank, though it is quite possible that this is part of the strategy of the company only, that they may not want to launch a mass market product as well as where risk being inundated along with a large coming up of new customers they cannot cope up with as well as also not being able to provide a good level of services to them.

Jacob Lender - About Author:
Jacob Lender is an expert financial adviser. He writes articles on text loans & instant text loans for more visit site: - http://www.textloanlenders.org.uk/

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/marks-and-spencer-will-charge-for-its-bank-accounts.htm

Related Business Articles Subscribe to RSS

Peru Amazon Tours in Tambo Blanquillo and Regions to Experience Near By
Published by Tracy Narvaez on August 25th 2012 | Business
On the way to the lodge from Cusco there is a cloud forest, various rainforest habitats and a small ...
 
Gardening and Outdoor Living Retailing in Emerging Markets: Market Guide to 2016
Published by Bharatbook on August 25th 2012 | Business
Bharatbook.com introduces a report Gardening and Outdoor Living Retailing in Emerging Markets: Mar...
 
Time to get the latest university news
Published by Gene Crayton on August 25th 2012 | Business
Education is a never-ending process. Each day you get to learn something new which may or may not be...
 
Voice over Agencies- Helping Hand for All Your Voice over Requirements
Published by Julia Roger on August 25th 2012 | Business
It is important that you choose a voice over agency that is reputed and is in the business for a con...
 
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...
 
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...