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A helping hand right when you need it

Business Overdrafts

Need help managing your short-term cash flow? If you’re a Business Current Account customer and you need an extra cushion for your company, you can apply in store for a flexible arranged overdraft and we'll talk you through your options.

A fixed rate

A fixed rate of 10% EAR for overdrafts of less than £25,000. Plus an arrangement fee of 1.75% of the limit or £50, whichever is greater.

Flexible overdraft

Want something to help ease your cash flow? You can get a helping hand from your overdraft. 

No hidden fees

There are no hidden fees to worry about. And you’ll know about our arrangement fees upfront.

What you need to know

We’re up front with our customers about everything. We’ve created this handy summary of our Business Overdraft key features so you can see the important information from the get-go.

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

Eligibility

You can apply for a Business Overdraft if you have a Metro Bank 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.

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.


Business Overdraft charges

We’ll charge you interest on your Business Overdraft:

Overdraft Interest
Agreed overdraft 10% EAR fixed
Unarranged overdraft 25% EAR typical variable

We’ll charge you these arrangement fees:

OverdraftArrangement fee
Arranged overdraft up to £25,000 1.75% or £50 (whichever is greater)
Arranged overdraft over £25,000 1.25% of its limit

We’ll charge you these fees for unpaid and paid items:

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

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


We usually need a personal guarantee from you, and when we request it, 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 a business overdraft that your home is securing


Get all the details to read at your leisure

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)

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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