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The bank account that's in tune with your business

WE’RE STILL OPEN FOR BUSINESS

We're accepting online Business bank account applications from sole-director limited companies. Applying for an account will take just 15 minutes.

We have had a high volume of applications and have reached our limit for today. Please come back at 10am, when applications will open again.

We’re sorry that we can’t take online applications from multi-director companies or sole traders at the moment.

The bank account for your business

Personal service

Your Local Business Manager can help support your business. Visit them in person, send them an email or give them a call.

No monthly fee

Keep your balance at £5,000 or more for the whole month and we'll waive your monthly fee. More about account fees.

Apply online

Get your account up and running in 15 minutes. Applying is easy and works great on your mobile phone.

Apply online now

It only takes about 15 minutes

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What is your annual turnover?

Our Commercial Current Account is designed for your high turnover business - you can find more information here.

Will this be the only Metro Bank account for the business?

Please contact your Local Business Manager or Relationship Manager for support with opening an additional business account.

How is your business set up?

Sole-director limited company

Must be 100% shareholder of the company.

Limited companies are registered at Companies House.

Got an invite code?

Have you had an email about completing your part of a business bank account application?

Complete your part

Make sure you have your unique invite code ready

Fees and charges

We like to be upfront with you. See all the fees we charge when you have a business bank account with us.

Account fees:

Your daily balance Monthly bank fee UK transaction fees
£5000 or more Zero 50 free per month, then £0.30 each
Under £5000 £5.00 £0.30 each

No minimum balance


Using your debit card abroad

Location Card purchase Cash withdrawal
Within Europe FREE FREE
Outside Europe 2.99% 2.99% + £1.50

Where can I use my card for free in Europe? 

Show which countries you can use your card in for free Hide which countries you can use your card in for free

When we refer to Europe, we mean the countries which are part of the Single European Payments Area (SEPA).

  • 19 EU Euro countries that use the Euro: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain
  • 8 EU non-Euro countries that do not use the Euro: Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden
  • 2 non-EU countries that use the Euro: Monaco, San Marino
  • 4 non-EU countries that do not use the Euro: Iceland, Liechtenstein, Norway, Switzerland

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. 


If you don’t have enough in your account

If your account balance and agreed overdraft aren’t enough to cover a payment, we may give you an unarranged overdraft. Unarranged overdrafts have a typical interest rate of 25% EAR (variable).

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:

  • £25 charge for an 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 a paid item (when a cheque, direct debit or standing order is deducted from your account and creates an unarranged overdraft)


Fees and 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. 

Multiple directors

There are a few things to be aware of when opening an account online for multi-director companies.

  • When you apply online you can only grant account access to directors. You can add others — e.g. your accountant — by popping into a store.
  • Any director that you grant access to will be an authorised signatory and have full account access.
  • Any director with account access can use online banking to make payments up to the daily limit of £21,000.
  • Each director with account access can choose to have a debit card for the account, if they wish.
  • All directors, shareholders and key account parties must be UK residents.

Account documents

Download our PDF to read when you like – it contains all the ins and outs about your business bank account. 

Business Bank Account Details (PDF) (275KB)

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

APPLY FOR AN ACCOUNT IN STORE

If your business has more complex needs, we can help you in store. View our latest opening hours.


Documents we need to open your account

Please bring in the right documents, to make opening your account quick and easy.

Show me which documents I need to bring Hide which documents I need to bring

We will need proof of ID and proof of address for:

  • account operators (authorised signatories or nominated persons)
  • responsible individuals (anyone who directly or indirectly controls 25% or more of your business shares)
  • company officials

Proof of identity

A valid passport, EU national ID card or UK driving licence is ideal, and may be all we need. 

Hide suitable ID for UK, EEA or Swiss Nationals Show suitable ID for UK, EEA or Swiss Nationals

Photographic ID

  • Valid UK/EEA/Switzerland passport
  • Valid UK full photocard driving licence
  • Valid UK provisional photocard driving licence
  • Valid EU member state national ID photocard
  • Valid firearms certificate or shotgun licence.

We can only accept original documents, not photocopies.

Valid Passport/EU national ID Card means in date, undamaged and machine readable. Unfortunately, we can’t accept handwritten passports or ID cards.

Non-photographic ID

If you’re providing non-photographic ID, you’ll need to bring 2 of the below proofs of address. We can only accept original documents, not photocopies.

  • Valid old-style UK driving licence (no photo)
  • HMRC documentation (PAYE Coding Notice/Tax Notification/Self-Assessment/Statement of Account/NI contributions bill) issued in the last 3 months or valid for the current tax year. We can’t accept P45 or P60 forms
  • Notification letter from Benefits Agency/Local Authority (Department for Work and Pensions including Jobcentre Plus, benefits agency or veterans’ agency)
    confirming your entitlement to benefits - dated within the last 12 months
Hide suitable ID for other nationalities Show suitable ID for other nationalities

Valid passport with your current visa (with at least 6 months left on it) or a Biometric Residence Permit.


Proof of address

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.

Hide suitable proofs of address Show suitable proofs of address
  • Current UK full photocard driving licence
  • Current UK provisional photocard driving licence
  • Council Tax bill (valid for the current financial year)
  • HMRC documentation (PAYE Coding Notice/Tax Notification/Self-Assessment/Statement of Account/NI contributions bill valid for the current tax year issued by Job Centre Plus) dated within the last 3 months. We can’t accept P45 or P60 forms.
  • Notification letter from Benefits Agency/Local Authority (Department for Work and Pensions including Jobcentre Plus, benefits agency or veterans’ agency) confirming your entitlement to benefits – dated within the last 12 months
  • Current Tenancy Agreement, from a local council or a recognised letting agency
  • Bank, Building Society, Credit Union statement, dated within the last 3 months
  • Credit card statement, dated within the last 3 months
  • Mortgage statement from a recognised lender, dated within the last 12 months
  • Life assurance/life insurance policy, dated within the last 3 months but outside of cancellation period
  • Motor insurance certificate, valid for the current year but outside of cancellation period – we can’t accept cover notes
  • Utility bill - gas, electricity or water, dated within the last 3 months
  • Telephone bill, dated within the last 3 months. We can’t accept mobile phone bills, Sky or cable TV bills

As a Sole Trader

Hide suitable documents for Sole Traders Show suitable documents for Sole Traders

If you are a sole trader you will need to provide one of the following documents:

  • An existing business bank statement (dated within the last 3 months)
  • A utility bill (dated within the last 3 months)
  • An invoice from a supplier (dated within the last 3 months)
  • A letter addressed to Metro Bank from an accountant acting on behalf of your business
  • HMRC correspondence (dated within the last 12 months)
  • Business premises rates bill (dated within the last 12 months)

The documents must show the business owner’s name, the business address, and the business trading name (if applicable).

If you can't provide any of these documents, we can arrange a site visit. (This is only necessary if your business address is different to your residential address).


As a Partnership

Hide suitable documents for Partnerships Show suitable documents for Partnerships

Partnerships, including limited partnerships, will need to provide one of the following documents:

  • An existing business bank statement (dated within the last 3 months)
  • A utility bill (dated within the last 3 months)
  • An invoice from a supplier (dated within the last 3 months)
  • A letter addressed to Metro Bank from an accountant acting on behalf of your business
  • HMRC correspondence (dated within the last 12 months)
  • Business premises rates bill (dated within the last 12 months)

The documents must show the partners' names, the business address, and the business trading name (if applicable).

If you can't provide any of these documents, we can arrange a site visit. (This is only necessary if your business address is different to your residential address).


As a Limited Liability Partnership

Hide suitable documents for Limited Liability Partnerships Show suitable documents for Limited Liability Partnerships

If you're a limited liability partnership we will, with your permission, carry out a credit reference agency search. We may not need any documents from you.


As a Limited Company

Hide suitable documents for Limited Companies Show suitable documents for Limited Companies

If you're a limited company we will, with your permission, carry out a credit reference agency search. We may not need any documents from you.

If your limited company is using a ‘trading as’ name, we may need a copy of the company board resolution (signed by two directors, or one director and the company secretary – or by the sole director, if there is no company secretary), authorising the use of the ‘trading as’ name.

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Give us a call

Speak to our business specialist team on:

0345 0808 508

Monday to Friday, 8-6pm

FAQs

How can I reduce my bank charges?

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.

Can I get an overdraft or credit card with my business account?

You can apply for an overdraft with your Business Account – just talk to your Local Business Manager.

Find out more about Business Overdrafts

You can also apply for our Business Credit Card. It’s a no-fee card with a simple low rate.

Find out more about our Business Credit Card

How do I connect my account to Xero accounting software?
Can I access my transaction history for closed accounts?

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.

Your ways to bank

Online

Check balances, make payments, see transactions and open new accounts any time - all with Business Online Banking.

Mobile

Control your money on the move. Check balances, move money, make payments and more with our handy mobile app.

In-store

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

By phone

Talk to a real person in our our UK contact centre. We’ve temporarily changed our opening hours – click the button below to check when we're available.

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