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A LITTLE EXTRA CUSHION FOR YOUR BUSINESS

Business and Commercial Overdraft

Protect your short-term cash flow with an overdraft. Come into a store to talk through the options of a flexible arranged overdraft

No hidden fees

Our fees are upfront – you’ll know your rate and your arrangement fee 

Only pay for what you borrow

You’ll only ever be charged for what you’ve borrowed 

Annual reviews

We’ll review your account annually to make sure your overdraft is working the way you need it to

TALK TO US ABOUT our BUSINESS OR COMMERCIAL OVERDRAFT NOW

Come see us in store – we’re open 7 days a week, no appointments needed.

If you’re a commercial customer, speak to your Relationship Manager or Local Director. Their details will be listed alongside your local store

Business Overdraft

Business Overdraft

Minimum balanceInterest rateArrangement fee
None 10% EAR 1.75% or £50, whichever is greater

Interest and fees on your Business Overdraft

 


Additional charges

  • £25 charge for unpaid item (when you don’t have funds to cover a cheque, direct debit or standing order payment and we have to return it unpaid)
  • £15 charge for paid item (when a cheque, direct debit or standing order is deducted from your account and creates an unarranged overdraft)

We review your Business Overdraft – usually annually – and may charge renewal fees.

We usually need a personal guarantee from you, and may also ask you for other forms of security. We reserve the right to withdraw an overdraft at any time. 

Your property may be repossessed if you do not keep up repayments on an overdraft that your home is securing


Eligibility

You can apply for an overdraft if you have our Business Bank Account

Business overdrafts can be useful for managing your short-term cash flow. You can arrange an overdraft in store with your Local Business Manager.

We’ll carry out a credit check and make a decision depending on your financial status.

Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a loan or other debt secured on it.

See what you need to open a business account 


Interest on Business Overdrafts

Arranged overdrafts up to £25,000 have a fixed interest rate of 10% EAR.

For overdrafts over £25,000, we’ll agree either a fixed or variable margin with you that’s above the Metro Bank Base Rate. Interest will be calculated daily on your account and applied monthly. The amount of interest payable and when it will be charged will be shown on your monthly statement.

 

Commercial Overdraft

Commercial Overdraft

Minimum balanceInterest rateArrangement fee
None Tailored Tailored

We usually need a personal guarantee from you, and may also ask you for other forms of security. We can withdraw an overdraft at any time. 

Your property may be repossessed if you do not keep up repayments on an overdraft that your home is securing


Eligibility

You can apply for an overdraft if you have our Commercial Current Account

Commercial overdrafts can be useful for managing your short-term cash flow. You can arrange an overdraft in store with your Relationship Manager. We’ll carry out a credit check and make a decision depending on your financial status.

Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a loan or other debt secured on it.

See what you need to open a commercial account 


Interest on Commercial Overdrafts

All our interest rates for Commercial Overdrafts are tailored to suit your needs.

Get all the details on our Business Overdraft

Download our PDF to read when you like – it contains all the ins and outs of our Business Bank Account and overdrafts.

Business Bank Account Details (PDF) (930KB)

Our Service Relationship with Business Customers (PDF) (1.1MB)


Get all the details on our Commercial Overdraft

Download our PDF to read when you like – it contains all the ins and outs of our Commercial Current Account and overdrafts.

Commercial Current Account Details (PDF) (862KB)

 Our Service Relationship with Business Customers (PDF) (1.1MB)

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FAQs

  • What if I need an overdraft of more than £25,000?

    Pop in store and talk to your Local Business Manager. Business overdrafts over £25,000 have an arrangement fee of 1.25% of their limit.

  • Are any of your rates linked to Metro Bank Base Rate?

    Yes. If your business overdraft is more than £25,000 we’ll agree a fixed margin over the Metro Bank Base Rate with you.

Your ways to bank

Online

Metro Bank 24/7. Check balances, make payments, see transactions and open new accounts any time - all with internet banking.

Mobile

Control your money on the move with our mobile banking app. Check balances, move money, make payments and more wherever you are.

In-store

A friendly face and a quick answer. And all the usual payment services too. We're open 362 days a year.

Telephone

If you need help you can talk to a real person in our UK contact centre 24 hours a day, 7 days a week, 365 days a year.

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Opening a business account with us is straightforward and hassle-free especially when you're prepared.