Summary: M&S Bank offers its customers the opportunity to invest in Bitcoin and other digital currencies through its banking services. Clients are directed to use FCA-regulated exchanges that accept British Pound (GBP) deposits, as M&S Bank does not directly facilitate crypto trading via its online banking platform.
In our analysis, Kraken emerges as a prime choice for M&S Bank customers, providing no fees on GBP deposits. It features a wide selection of over 200 cryptocurrencies for trading and staking. Based in London and operating under the FCA's guidance, Kraken supports rapid deposits through various methods, including M&S Bank transfers and cards.
- Instant and free GBP deposits from M&S Bank via Faster Payments, bank transfer, credit card and more.
- Trade and stake over 200 cryptocurrencies with industry-leading fees and tight price spreads.
- Founded in 2011 and is one of the most trusted global exchanges with over 9 million users.
Can I Buy Crypto with M&S Bank?
Yes, if you are a customer of M&S Bank, purchasing Bitcoin and other cryptocurrencies is possible. This can be done through several reliable UK-based cryptocurrency exchanges that adhere to the regulations enforced by the Financial Conduct Authority (FCA). With M&S Bank, you can smoothly convert your British Pounds (GBP) from your M&S Bank account, or make use of your M&S Bank debit or credit cards to carry out the transaction.
How to Buy Bitcoin and Crypto with M&S Bank
If you want to buy digital currencies through M&S Bank, Kraken is a recommendable exchange to consider. Located in London and overseen by the Financial Conduct Authority (FCA), Kraken facilitates smooth and fee-free GBP deposits from M&S Bank accounts. With Kraken, you have the opportunity to purchase, trade, and stake over 200 cryptocurrencies at attractive rates. You can deposit funds through Faster Payments, bank transfers, M&S Bank debit cards, credit cards, and more.
Here's an easy-to-follow guide to help you with the process:
- Create an Account: Start by creating an account on Kraken. You'll need to complete the required identity verification steps, whether you are an individual or a business.
- Choose Currency: Once logged into the Kraken platform, select your desired deposit currency, such as GBP.
- Deposit Funds: Choose your preferred payment method (Faster Payments, bank transfer, or Credit Card) and finalize your deposit from your M&S Bank account.
- Buy Cryptocurrency: The final step is to select the cryptocurrency you wish to buy and confirm your transaction.

M and S Bank Cryptocurrency Policy
M&S Bank takes a balanced view on cryptocurrencies, aligning financial innovation with careful consideration. Customers are encouraged to explore digital assets through platforms like Kraken, which comply with the Financial Conduct Authority (FCA) in the UK, operating under Payward Ltd., and recognized as an FCA Cryptoasset Firm (FRN 928768).
Through this policy, M&S Bank assists customers in understanding risks within traditional banking, while offering opportunities to diversify their portfolios with Bitcoin and other digital currencies. This approach highlights M&S Bank's commitment to financial innovation and responsible banking.
About Marks and Spencer Bank
M&S Bank is a retail banking brand which operates in the UK. It's a part of the Marks & Spencer Group, a well-known British multinational retailer. M&S Bank was established in 2012 and is a trading name of Marks & Spencer Financial Services plc.
The bank offers a range of financial products and services including current accounts, savings accounts, credit cards, loans, insurance, and travel money. It aims to bring the trusted Marks & Spencer brand values to banking, promising customers high-quality products, great service, and fair pricing.

Final Thoughts
M&S Bank embraces the age of digital currency by enabling its customers to invest in over 200 cryptocurrencies, including Bitcoin, through FCA-regulated exchanges like Kraken. While M&S Bank itself does not conduct crypto trading, it facilitates smooth GBP deposits without fees and offers various payment methods for transactions. This partnership not only represents M&S Bank's commitment to financial innovation but also promotes responsible banking by guiding customers to secure and regulated platforms. Whether you're a novice or seasoned trader, M&S Bank and Kraken make buying crypto in the UK a transparent and accessible process.