We believe in giving our customers the highest level of service possible. Like being open early ‘til late, 7 days a week with Local Business Managers on hand to help. Because running a business is challenging enough
Your Local Business Manager can help support your business, and you can talk to one of our Customer Support team 24/7
Clear fees and charges. If your balance stays above £5,000 the whole month, we’ll waive your monthly account maintenance fee
You don’t need an appointment – just walk into a store, and we’ll start opening your account
To open a Business Bank Account, you need:
We believe in letting you decide how you want to bank with us – whether that’s online, in store, over the phone or on the move.
Manage your Business Bank Account online or on your mobile.
Moving your account to Metro Bank is simple – we can get all your funds, direct debits and standing orders switched and set up within 7 days, guaranteed.
Your Local Business Manager is based in your nearest Metro Bank store. You can find their name and contact details on the store page.
This account supports an overdraft, but you need to apply for one. Once we’ve reviewed your financial status, we’ll let you know our decision.
Cheques normally take 5 working days to process. If you’d like to know how quickly you can withdraw your funds after a cheque has been paid into your account you can take a look at our cheque clearance guide.
Important: Cheques will begin to be processed as soon as they are received by a bank, which could be on the same day as it’s written. Please ensure you have enough money in your account to cover all your payments, including cheques, to avoid becoming overdrawn.
|Daily balance||Monthly account fee||Minimum balance||UK transaction fees|
|Over £5000||Zero||None||50 free per month then £0.30 each|
|Under £5000||£5||None||£0.30 each|
We don’t charge fees for non-sterling transactions or purchases in many European countries. If you’re outside of Europe, our rates offer the best value possible. Account fees and charges will still apply, though.
|Location||Card Purchase||Cash Withdrawal|
|Outside Europe*||2.75%**||2.75% + £1.50**|
*Where can I use my card for free in Europe?
If you use your card abroad, any foreign currency transaction will be converted into sterling on the day it’s taken out of your account. The exchange rate is set by MasterCard®.
MasterCard® is a registered trademark of MasterCard International Incorporated.
**The current rate of 2.75% will change to 2.99% on 10 January 2019
EAR stands for equivalent annual rate. It shows the rate you’d pay if you remained overdrawn for a year. It takes into account the interest rate you’re charged when you go overdrawn, how often it’s charged and the effect of compounding – charging interest on interest – on your debt.
‘Variable’ means we may change these rates and charges from time to time, or introduce new charges. If this means you’ll pay more, we’ll let you know beforehand.
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.
We may also make other charges:
There’s no monthly charge for this account as long as the balance remains above £5000 every day within the month, otherwise you will pay the monthly fee of £5.
We will charge for some transactions and services such as international payments, CHAPS payments and an Auditor's Certificate of Balance. You can find all the details of our transaction and service charges in the downloadable PDF below.
Bringing in the right documents can smooth out the account opening process.
Everyone involved in opening the business account will need to provide proof of identity and proof of address, including:
A valid passport, EU national ID card or UK driving licence is ideal, and may be all we need.
Must have your name and current address on it. We only accept originals. It’s handy to have 2 of these with you, just in case.
Download our PDF to read when you like – it contains all the ins and outs of our Business Bank Account.
Got a question? Find your answers here.
You can reduce your bank charges with our Monthly Balance Reward. If your account balance stays above £5,000 for any whole month, for that month we’ll waive the monthly maintenance fee – and give you 50 free transactions.
If your balance falls below £5,000 at the close of business on any day, you’ll pay the usual fees that month. The £5,000 balance needs to be cleared funds within the account – ask your Local Business Manager for more details.
Yes, you can. All our stores are open 7 days a week. Just pop in and see us.
Yes. If you choose to close your account, we will offer you the option to receive up to 5 years’ worth of prior transaction history at the point of account closure. We retain your transaction history for at least 5 years after you closed your account, so you can also request up to 5 years’ worth of prior transaction history from the date of the request. To make a request, you can visit us in store or call us on 0345 08 08 508.
We will provide a printed version of your transaction history via post, normally within 7 working days. You can also download your transaction history via online banking before you close your account.
Accounts which have been closed due to fraud or other unlawful activity, impairment, bankruptcy, insolvency, liquidation or which have had no activity in the past 5 years will not be eligible to receive transaction history.
Metro Bank 24/7. Check balances, make payments, see transactions and open new accounts any time - all with internet banking
Control your money on the move with our mobile banking app. Check balances, move money, make payments and more wherever you are.
A friendly face and a quick answer. And all the usual payment services too. We're open 362 days a year
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
Get an account designed for companies with an annual turnover of over £2 million or complex requirements. Flexible banking online and in store.
Which online banking solution is best for your business? Get the basics, add Bacs and CHAPS, or go for our full commercial platform.
The right deposit account can help you reach your goals. See our range of deposit accounts that will make your money work harder.
Get help when you need it most, with a fixed rate for arranged overdrafts of less than £25,000 and no hidden fees.