The new account, announced in March, will be M&S Bank’s first current account with no monthly fees.
"A current account with no monthly fee is the natural next step for M&S Bank and we have seen significant interest in the M&S Current Account since announcing details in March", said Crawford Prentice, deputy CEO of M&S Bank.
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"As such, we wanted to provide a registration facility which would enable customers to receive more information as soon as the account is available."
M&S Current Account customers will have access to an automatic £500 overdraft, the first £100 of which is interest-free and the remainder of which will be charged at 15.9 % AER.
There will be no overdraft fees and customers will receive text alerts as they approach their overdraft limit.
In addition, M&S Bank does not charge an ATM transaction fee for withdrawals made abroad with an M&S debit card.
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By GlobalDataThe retailer will also look to tempt the customers of other banks away with a £100 M&S gift card for those who use the UK’s seven day switching scheme.
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