Thousands of customers of M&S Bank will be looking for a new current account in August after the supermarket bank said it was closing its banking services to focus on credit cards and digital payments.
The bank, half-owned by the supermarket and HSBC, said a small percentage of its 3million customers will be affected by the change, which has come out of the blue to account holders.
It has already taken the current account off-sale for new applicants and will close all of its accounts in August.
M&S Bank is closing 29 in-store branches and its current account in the summer