M&S Bank was acquired by the HSBC group who have set aside £1.7bn for their customers
Brands under the HSBC Group include
Lender Information
M&S Bank began as St Michael Financial Services in 1985, recruiting 80 staff and launching the M&S Chargecard.
M&S steadily grew its portfolio, offering trust funds in 1988, loans in 1989, ISAs in 1999, insurance in 2002, saving accounts in 2007 and current accounts in 2012.
M&S Bank has been known by a number of names throughout its lifetime. In 1988, it was Marks and Spencer Financial Services Limited. In 2002 they became Marks & Spencer Financial Services plc before changing again to M&S Money in 2003.
In 2004 HSBC acquired M&S money and entered a 50:50 profit sharing partnership before finally becoming M&S Bank in 2012.
Types of credit you might have with M&S Bank
Car Finance
Gill Harrison
Very good service indeed, I got back £1,164 which has helped towards a new car.
Credit cards & store cards
Miss S Selby
With nothing to lose I decided to get in touch with TFTP and low and behold Barclays had added PPI to my credit card. Barclays have now been told that they have to reimburse me and I'm just waiting for their offer.
Loans
Mr C Turner
Received just under £300 for a two year £1,000 loan. Excellent service, well updated, very easy process.
Mortgages
Mr G Curtis
I had PPI attached to my mortgage so The Fair Trade Practice looked into it for me and managed to gain me a refund in a short matter of time.
Overdrafts
Andrew Small
I have used The Fair Trade Practice and they have got me £11,000 in compensation that I never thought I was entitled to.
£22bn has been set aside by the UK's big four banks so far
23% REMAINS UNCLAIMED