M&S Bank is closing all of its current accounts this summer in a surprise move which will also result in it shutting its in-store bank branches.
It will impact on the bank's only Northern Ireland branch at Sprucefield, where it is understood around a dozen staff could be impacted.
The bank said the move is due to customers switching to online banking, and it will close its current account, Premium current account and monthly saver accounts linked to current accounts, but credit card, loans and insurance customers aren't affected.
In a statement, M&S Bank said customers don't need to do anything immediately, and accounts can continue to be used as normal until August.
Chief executive Paul Spencer said “We have developed the next phase of our transformation programme to enhance the M&S shopping experience.
“As we adapt to meet the changing needs of our customers and deliver some new and more digitally-focused products and services, it does regrettably mean we will move away from branch-based servicing and the 29-in-store bank branches and associated current account will close this summer.
“We’re now firmly focused on supporting both our customers and colleagues through this change, and the delivery of our transformation plans, which will create new and rewarding payment solutions for M&S shoppers, both in-store and online.”
