Marks and Spencer Bank was set up in 1985 and started life with the M & S store card but
was soon to venture into other financial products.
and Spencer Financial Services plc are a subsidiary of HSBC Bank having been bought by them for £763 million in 2004
and a 50:50 profit share was established between the two groups.
and Spencer Financial Services and HSBC have seperate licences regarding the financial services compensation scheme so you
are covered up to £50,000 with both.
Details on the M&S Home website.