Current Account

You can apply for our Current Account if: 

• you’re aged 18 or over 
• you’re a UK resident 
• you have proof of your identity and address. If you’re a non-UK, EU, EEA or Swiss national, you’ll need a valid visa/residence permit.

What you need to apply for an account

**APR stands for Annual Percentage Rate. It shows what the interest rate would be if interest was charged and added to the amount owed once each year including any additional fees. However, we don’t charge any additional fees.

You can apply for an arranged overdraft and we'll make a decision based on your personal circumstances. Apply in store, or by calling us on 0345 0808 500.

Arranged and unarranged overdrafts have a typical interest rate of 34% APR** (variable). Try our overdraft calculator to get an idea of the total amount you would repay.

If you don’t have the funds to cover a payment from your account, we’ll either:

• give or extend an unarranged overdraft to make the payment, or 
• refuse the payment due to lack of funds.

We don’t charge a fee for this.

Helpful payment alerts

We’ll text you when you are close to, or have gone over, your overdraft limit. You can opt out of these messages – ask in store or call us on 0345 0808 500.

We process standing orders, Direct Debits and future dated payments in the morning. If you don’t have the funds to cover payment(s), you can top up your account and we’ll try to make the payment again at 2pm on the same day.

Maximum monthly overdraft charges

We’ll never charge you more than the monthly cap of £60 for an unarranged overdraft, of for going over your arranged overdraft limit (if you have one). If us charging you interest causes you to go overdrawn or increases your overdraft, you’ll only be charged interest on the new balance.

**APR stands for Annual Percentage Rate. It shows what the interest rate would be if interest was charged and added to the amount owed once each year, including any additional fees. We do not charge any additional fees.

We don’t charge you for debit card payments or cash withdrawals in a foreign currency in most of Europe⁴. We also offer competitive rates in the rest of the world:

If you make a debit card payment or a cash withdrawal in a foreign currency outside the UK, any foreign currency transaction will be converted into sterling on the day it’s paid out of your account. The exchange rate is set by MasterCard®. MasterCard® is a registered trademark of MasterCard International Incorporated.

⁴ Europe refers to these states of the Single European Payments Area (SEPA): 

Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland.

Yes, we offer an optional arranged overdraft. You can apply for in store, or by calling us on 0345 0808 500. 

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, you may be asked some questions about the source of the funds to help keep your money safe.

There are limits on the amount of cash customers can pay into their Metro Bank account each day. The daily limit for personal accounts is £5,000. 

Who can pay in cash?

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

• be named on the account 
• have authority to manage the account – e.g. power of attorney 
• 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) 

Exchanging cash

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

Yes, we offer an optional arranged overdraft which you can apply for in store, or over the phone on 0345 0808 500.

Yes, you can use the Current Account Switch Service to move your balance and regular payments from your old bank to Metro Bank by using our online switching form, or speaking to a colleague in store.

Yes. Both of you need to visit a store together to apply. 

Yes. We keep a record of your transactions for five years after you close an account. Visit us in store or call us on 0345 0808 500 to ask us to print this out and post it to you, normally within seven working days. You could also download your transaction history in Online Banking before you close your account.

You can’t request a transaction history for accounts which have been closed due to fraud, other unlawful activity, or impairment, or which have had no activity in the past five years.