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Switch in 7 days

Move your Business accounts quickly

Switching your account to Metro Bank is simple – as long as your business has less than 50 employees and an annual turnover below £6.5 million, we’ll guarantee to have everything transferred within 7 days.

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Moving your payments

All your payments, including direct debits and standing orders, will be transferred to your new account

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Nothing left behind

We’ll make sure that any payments made to your old account after the switch date make it to you

And it’s done

As soon as everything has been transferred, your old account will be closed and the new one ready to go

 

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 Making it happen is simple

All we need are the details of your old account, including the account number, sort code, card number and the date you want the transfer to take place

Making the switch

Making the switch

Just pop into one of our stores. Once you’re done, we’ll print your debit card and cheque book in store, so you can get up and running straight away.

To switch your account all we’ll need is:

  • Proof of your name and address
  • The details of your old account, including the account number, sort code and card number
  • The date you want the transfer to take place - 7 working days in the future or later

We will attempt to match your existing overdraft limit (where we can, depending on your financial status).

It couldn't be simpler. Find your nearest store to make the switch.

Current Account Switch Service guide

Behind the scenes

Behind the scenes

Here’s what our switching team will take care of for you:

  • Transferring your Direct Debits, standing orders and incoming payments such as salary
  • Moving money from your old account to your new one
  • Closing your old account

Once everything is in order and the switch is complete, we’ll let you know by email.


Third Party Provider (TPP) permissions

If you have given permissions to Third Party Providers to make payments on your behalf, or to access your financial data, access to these services won’t be transferred automatically to your new account as part of the Current Account Switch Service.

  1. Before you close your old account, check whether you have any Third Party Provider permissions set up and if so, who with.
  2. Once your new account is open you can give your permission to the Third Party Provider to access your new account by providing them with your new account details. You will need to contact the Third Party Provider directly yourself to set this up.
  3. If you are unsure as to whether we will support the Third Party Provider permissions on your new account, you will need to discuss this with us ahead of your switch with Metro Bank.

Please check our terms and conditions for more information.

Current Account Switch Guarantee

Current Account Switch Guarantee

We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee:

  • The service is free to use and you can choose and agree your switch date with us.
  • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
  • If you have money in your old account, we will transfer it to your new account on your switch date.
  • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
  • If there are any issues in making the switch, we will contact you before your switch date.
  • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

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FAQs

Got a question about moving your accounts to Metro Bank? Find the answer here.

Can I switch my current account?

Yes, so long as you have an annual turnover that does not exceed £6.5 million and you employ fewer than 50 people. If you are a small trust with a net asset value of less than £6.5 million you can also use the service. If you are still unsure whether you qualify, visit in store or call us on 0345 08 08 508.

What happens to payments that people send to my old account?

All incoming and outgoing payments will be automatically redirected to your new account. Each time a payment is redirected, an automatic message is sent back to the originator advising them of your new account details so they can update their records. Some organisations may contact you directly to confirm your details have changed. If you do not want your new details to be given to someone who sends a one-off payment, you can visit us in store or call us on 0345 08 08 508.

Metro Bank says my business details do not match those held with my old bank. Do I need to update them?

Yes, you need to update them, but you do not need to tell your bank that you are switching to a new bank. Examples include if you have changed your address and not told your old bank.

Can I switch my current account if I am overdrawn?

Yes. You will need to agree any overdraft facilities you require with us. Alternatively, we may be able to provide facilities to help you pay off any existing overdraft you may have, subject to normal lending criteria. If you do not come to an agreement with us you must make separate arrangements to repay your existing overdraft before you switch.

What if I change my mind?

You can cancel your switch up to seven working days before your switch date. If you do want to cancel, speak to us, who can guide you through this process.

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