Information about our business current account services | Business

How to open a current account

To open any of our accounts a new customer will need to provide us with the documents and information set out at www.metrobankonline.co.uk/business/current-accounts/needsbased/what-you-need-to-open-a-business-account. We may request additional information or documents in individual cases.

You can open an account:

Without visiting a branch	✔
Where a visit to a branch is required, without an appointment	✔
By sending us documents and information electronically	In some cases
By post	In some cases

How and when you can contact us to ask about the following things:

	24 hour help?	Telephone	Internet banking	Mobile banking
Contact details		0345 0808 500
Checking the balance	✔	24 hours a day, 7 days a week	Not possible	Not possible
Sending money within the UK, including setting up a standing order	✔	24 hours a day, 7 days a week	Not possible	Not possible
Sending money outside the UK	✔	24 hours a day, 7 days a week	Not possible	Not possible
Paying in a cheque	✔	24 hours a day, 7 days a week	Not possible	Not possible
Cancelling a cheque	✔	24 hours a day, 7 days a week	Not possible	Not possible
Cash withdrawal in a foreign currency outside the UK	✔	24 hours a day, 7 days a week	Not possible	Not possible
A lack of funds: including unarranged overdrafts, payments we allow despite lack of funds and payments we refuse due to lack of funds	✔	24 hours a day, 7 days a week	Not possible	Not possible
A direct debit, or allowing someone to collect one or more payments from your account using your debit card number	✔	24 hours a day, 7 days a week	Not possible	Not possible
Third party access to an account, for example under a power of attorney	Not possible	Not possible	Not possible	Not possible
Problems using internet banking or mobile banking	✔	24 hours a day, 7 days a week	Not possible	Not possible
Reporting a suspected fraudulent incident or transaction	✔	24 hours a day, 7 days a week	Not possible	Not possible
Progress following an account suspension or card cancellation, e.g. following a fraud incident	✔	24 hours a day, 7 days a week	Not possible	Not possible
Account opening: including eligibility for an arranged overdraft, what is required to open an account and an indication of what arranged overdraft may be available	Not possible	Not possible	Not possible	Not possible

How and when you can use your bank account to do the following things:

	Telephone	Internet banking	Mobile banking
Checking the balance	24 hours a day, 7 days a week	24 hours a day, 7 days a week	24 hours a day, 7 days a week
Accessing a transaction history	24 hours a day, 7 days a week	24 hours a day, 7 days a week	24 hours a day, 7 days a week
Setting up a standing order	24 hours a day, 7 days a week	24 hours a day, 7 days a week	24 hours a day, 7 days a week
Sending money within the UK	24 hours a day, 7 days a week	24 hours a day, 7 days a week	24 hours a day, 7 days a week
Sending money outside the UK	24 hours a day, 7 days a week	24 hours a day, 7 days a week	24 hours a day, 7 days a week
Paying in a cheque	Not possible	Not possible	Not possible
Cancelling a cheque	24 hours a day, 7 days a week	Not possible	Not possible

Information about operational and security incidents

We are obliged to notify the Financial Conduct Authority if we become aware of a major operational or security incident which prevents our customers from using our payment services

	Quarterly Between 1 January 2020 and 31 March 2020	Yearly Between 1 April 2019 and 31 March 2020
Total number of incidents reported	0	3
Incidents affecting telephone banking	0	0
Incidents affecting mobile banking	0	0
Incidents affecting internet banking	0	0

The speed of our business account opening process

How quickly do we open personal current accounts?

How quickly do we open Business Current Accounts?

the same day, for 64% of customers
on average, in 1 day(s)
within 12 days for 99% of customers.

(for firms that publish a list under BCOBS 7.3.1R) These figures are based on the time taken from our receiving all the information and documents we ask for on this page, in a case where we don’t need any further information or documents to open the account.

We are reporting the standard process for business account opening with data from stores. As a stores-based organisation we open the majority of accounts this way. We also open some accounts via a central team which undertakes the work using the same process, but where an additional 1-2 days may be incurred while application documents are transferred.

How quickly do we give customers a debit card?

the same day, for 66% of customers
on average, in 2 day(s)
within 38 days for 99% of customers.

We offer the ability to collect in-store and via post. Personal collection from store is generally preferred by our customers.

How quickly do customers get internet banking?

the same day, for 97% of customers
on average, in 1 day(s)
within 47 days for 99% of customers.

How quickly is an overdraft available?

the same day, for 0% of customers
on average, in 22 day(s)
within 54 days for 99% of customers.

The speed with which we can replace a debit card:

the same day, for 99% of customers
on average, in 0 day(s)
within 4 days for 99% of customers.

Complaints Data

Financial Conduct Authority rules require us to provide them with a report of our complaints data every six months. In certain circumstances, we are also required to publish a summary of our complaints data.

The most recent summary is available here

The Financial Ombudsman Service publishes its complaints data every six months. You can see their complaints data about us at www.ombudsman-complaints-data.org.uk//