- CASS data shows just 4.3% of Current Account Switch Service users in May were business current account switches2
Metro Bank has launched a new market leading offer for SMEs looking to switch their business bank account, with 31-months of fee-free banking1.
Metro Bank’s business current account is eligible for start-ups, sole traders and limited companies with up to £2m turnover a year.
Eligible Business Customers who complete a full CASS switch to Metro Bank will receive no monthly maintenance fee, no transaction charges, fee free cash paid in, out and exchanged up to £10,000 per month and no minimum balance requirements1. Customers will also have access to an enhanced savings rate on a Business Instant Access Account.
Businesses wanting to switch to Metro Bank can open their account online or in store and complete their switch by visiting one of the bank’s 76 stores.
Kerry Reynolds, Director of Retail and Business Banking at Metro Bank: “We know that businesses value face-to-face time with their bank. Every Metro Bank business customer receives a named local business manager, based in their closest store. They understand the complexities of running a business in that area and the pressures facing small business in all areas of the country. We’re backing UK businesses and our business current account offer means SMEs can focus on running and growing their business, experiencing our highly rated customer service and support as well as access to our online and mobile banking app.”
Metro Bank offers relationship banking, putting in-person customer experience at the forefront of its service and offers the longest Saturday opening hours of any high street bank. It is known for its customer service and is consistently recognised in the CMA’s customer satisfaction tables, scoring highly for in-store service for business customers3.
Metro Bank now has 76 stores across the country after opening in Chester earlier this month. The bank also plans to open two more this year in Gateshead and Salford. Each store has a dedicated local business manager to support businesses.
1 Metro Bank Business Current account:
The 31 months of fee-free banking and free cash transactions up to £10,000 is available to customers who fully switch their business bank account from another provider to a Metro Bank Business Bank Account using the Current Account Switch Service (CASS). The offer will be applied once the switch has successfully completed. For full details and eligibility please see here for terms and conditions.
Immediate transaction charges such as CHAPS, SEPA etc. will be charged as normal. Customers will be charged for using an unarranged overdraft and for any other products and services they choose e.g. Commercial Online Banking, Business Online Plus or the Enhanced Business Overdraft.
Any cash paid in, paid out and exchanged over and above £10,000 a month will be charged at the normal rate of 1.00%.
To open a Metro Bank Business Bank account, customers need to be aged 18 or over and have a turnover and/or annual balance sheet total that does not exceed £2 million.
Visit a Metro Bank store or website for more information.
2CASS Switching Data, May 2025 CASS-Monthly-Volumes-May-2025.pdf
3 CMA- Metro Bank appeared in second place for personal and business service in-store in the Competition and Markets Authority’s Service Quality Survey, February 2025.