Cash Account

There are a few different ways you can pay money into your Metro Bank account, the fastest being a payment from one bank to another. You can also deposit a cheque or pay cash* into your account at your nearest store.

*Please note that you may be asked additional questions about the source of funds to help keep your money safe.

We’ve introduced limits on the amount of cash customers can pay into their Metro Bank account each day.

• Personal accounts – new daily limit £5,000*
• Business accounts (including community accounts) – new daily limit £10,000*

  *If you are depositing foreign currency into a ‘regular’ GBP or a Foreign Currency Account, this will be the GBP equivalent of the above limits using the exchange rate on the day of the deposit

The new cash deposit limit for Commercial Current Accounts won’t be introduced until early 2023. If you have this type of account, your Relationship Manager will be in touch nearer the time to discuss the new limit with you.

Changes to who can pay in cash

To pay cash into a Metro Bank account you must either:

• be named on the account, or
• have authority to manage the account – e.g. power of attorney, or
• be paying less than £250 into a Young Savers account if you are not named on the account (the account holder or a named person on the account can pay in larger amounts), or
• an employee paying into a business or commercial account for your employer, using a pre-printed paying-in slip issued to the account holder.

Exchanging cash

You can only exchange cash over the counter if you’re a Metro Bank customer.

The Cash account is our simple, basic bank account. It covers all your day-to-day needs, but doesn’t provide overdrafts or Direct Debit payments.

You can buy things online, in GBP only. Using your cash card outside the UK is limited too.

These limits help you keep track of what you’re spending and there’s less chance of going overdrawn.

If you need an account with more features, you may want to take a look at our Current Account 

We’ve made it really easy to open an account with Metro Bank. Just come in to one of our stores with your proof of ID. There’s no need for an appointment. You’ll be able to use your account straight away and we’ll print your bank card and cheque book there and then. 

Here’s a list of what you should bring with you

There are some restrictions on how you can use your card outside the UK. You can use your cash card to withdraw money and make payments outside the UK where the Link logo is shown on cash machines. At the moment, this is in France, Gibraltar, the Channel Islands and the Isle of Man. Payments over the internet can be made in GBP only.