Marks & Spencer Financial Services Plc Credit Rating
Marks & Spencer Financial Services Plc does not currently have a public long-term credit rating from the major agencies, so no rating is shown here. That is common among smaller and newer UK banks and is not in itself a sign of financial weakness — ratings are typically sought by institutions that raise debt in wholesale markets. Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately.
Rating History
Service record: complaints, incidents and customer survey
Complaints: in the FCA's 2025 H1 file (January 2025 to June 2025), Marks & Spencer Financial Services received 7,097 banking and credit-card complaints, 2.77 per 1,000 accounts. The bank upheld 67% of those it closed and closed 78% within three days. The previous period was 2.91 per 1,000, so complaints fell. Compare all banks.
Outages and incidents: Marks & Spencer Financial Services reported
0 major operational or security incidents to the FCA in the quarter to 30 June 2026 and 1 in the 12 months to 30 June 2026 (mobile app 1, online banking 1, telephone 1)
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Frequently asked questions about Marks & Spencer Financial Services Plc
Is Marks & Spencer Financial Services Plc safe?
Marks & Spencer Financial Services Plc has no public long-term credit rating from the major agencies, so there is no rating to assess here. A missing rating is not evidence of weakness — many smaller and newer UK banks simply do not seek one. Separately, Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. This page is information about published credit ratings, not financial advice.
What is Marks & Spencer Financial Services Plc's credit rating?
Marks & Spencer Financial Services Plc does not have a publicly available long-term issuer credit rating from S&P, Moody's or Fitch.
Is Marks & Spencer Financial Services Plc covered by the FSCS?
Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. Marks & Spencer Financial Services Plc is recorded with FCA reference 151427. Because protection follows the banking licence rather than the brand, check the current position and which brands share a licence on the FSCS website before relying on it.
Who owns Marks & Spencer Financial Services Plc?
Marks & Spencer Financial Services Plc is owned by HSBC UK Bank plc (HSBC Holdings). Ownership matters for credit ratings because agencies often factor in the likelihood of support from a parent group, and because brands under the same banking licence share a single FSCS limit.