We’ve got an amazing relationship with our Relationship Manager. Metro Bank supported us right from the start and really understood our needs.Jenna Dienn Director at Castlebridge
Commercial Current Account
Our bank account for businesses with over £2m turnover a year
Relationship Banking for businesses
For businesses with an annual turnover of more than £2 million, you can talk to our relationship team for help setting up an account.
Open a Commercial Current Account
Set up a call with our Local Directors*
Find your nearest store
Pop-in store to enquire about opening an account*
*There are a few documents you'll need to bring with you to open an account. Terms, conditions and eligibility criteria apply. Download our Commercial Current Account (PDF) or Service Relationship (PDF) for more details.
If more than 50% of your company shares are owned outside of the UK or the majority of directors are resident overseas, please refer to our Inward Investment service for further information.
Key features of our Commercial Current Account
Dedicated Relationship Manager
Your dedicated Relationship Manager will get to know you and your business, providing you with the service you need.
Specialist sector support
Each industry faces its own unique challenges. Our teams have sector-specific experience to offer your business the support it needs.
Ensuring your cash flow*
Our commercial borrowing options can help with managing your cash flow, taking out some of the stress of the day-to-day running of your business.
*Individual terms and conditions and eligibility criteria will apply.
Take the stress out of managing your accounts
We offer a dedicated Commercial Online Banking platform for businesses. From handling large CHAPS, BACS or international payments to real-time FX rates, extra security features, team-level admin, and enhanced transaction searches for audits – we have convenient and flexible options that can scale with your business’s needs.
Benefits of our Commercial Current Account
We're committed to supporting businesses and making business banking a breeze with a range of benefits.
- Dedicated Relationship Managers offering support in our stores, by phone, email, or visiting your business on-site.
- Purpose-built online banking options with smart tools and accounting integrations for platforms like Xero depending on your chosen platform.
- No setup fee or fixed monthly maintenance fee (see details).
- Commercial lending options * - including loans, invoice finance, asset finance, and overdrafts.
*Individual terms and conditions and eligibility criteria will apply.
Hear from our business customers
See how we've supported our business customers on their successful journeys.
Supporting women in business
Access to resources and networking opportunities for our female business community.
What you need to know about our Commercial Current Account
Eligibility
To apply for a Commercial Current Account you need to:
1. be aged 18 or over
2. have a turnover and/or annual balance sheet total that exceeds £2 million
Documents we need to open your account
We'll need proof of identity and proof of UK address for everyone involved in opening and operating your commercial account. The other documents we need, including business verification, depend on your business type.
Refer to the Documents you need to apply for a Business Bank Account page for a list of acceptable documents for your business type.
Proof of Identity
A valid passport, EU national ID card or UK driving licence are ideal.
Suitable ID for UK, EEA or Swiss Nationals
1. Photographic ID
Valid UK/EEA/Switzerland passport
Valid UK full/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 must be in-date, undamaged and machine-readable. We don't accept handwritten or photocopied passports or ID cards.
What you need to open a Business Account with Metro Bank
2. Non-photographic ID
If you’re providing non-photographic ID, you’ll need to bring 2 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 confirming your right to benefits (Department for Works and Pensions (including Jobcentre Plus), Benefits Agency or Veterans Agency), dated within the last 12 months.
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
We need two original documents that have your name and current address on them. For further details and a list of documents we accept, please see what you need to open a business account.
Fees
| Monthly account fee | Minimum annual turnover/balance sheet value | UK transaction fees |
|---|---|---|
| Zero | Above £2 million | Based on account activity |
Using your debit card abroad
We don’t charge fees for non-sterling transactions or purchases in many European countries. Account fees and charges will still apply, though.
| Location | Card Purchase | Cash Withdrawal |
|---|---|---|
| In Europe* | FREE | FREE |
| Outside Europe* | 2.99% |
2.99% + £1.50 |
*Where can I use my card for free in Europe?
When we refer to Europe, we mean the countries which are part of the Single European Payments Area (SEPA).
- 19 EU Euro countries - Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain
- 8 EU non-Euro countries - Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden
- 4 non-EU, Euro countries – Andorra, Monaco, San Marino, Vatican City
- 4 non-EU, non-Euro countries - Iceland, Liechtenstein, Norway, Switzerland
All territories are included by their associated owning country.
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.
Fees and charges
There’s no monthly charge for this account.
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.
Commercial Current Account IIS Summary
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).
Get all the details on our Commercial Current Account
Download our PDF to read when you like – it contains all the ins and outs of our Commercial Current Account.
Commercial Current Account Details (PDF) (225KB)
Our Service Relationship with Business Customers (PDF) (1.1MB)
Ready to experience Relationship Banking?
Speak to a Local Director
Come and see us
Looking to switch?
Visit a store to switch your existing business account to us - it's easy and straightforward. If your business has fewer than 50 employees and an annual turnover below £6.5m, we guarantee to have everything transferred within 7 days
Financial Services Compensation Scheme (FSCS)
Deposits are protected by the Financial Services Compensation Scheme up to £85,000 for eligible businesses.
FAQs
What is a commercial current account?
Our commercial current account is designed for small and medium sized businesses with a turnover of over £2 million.
It enables businesses to make and receive payments via Faster Payments, CHAPS, BACS (subject to eligibility), international payments via SEPA and SWIFT with real-time FX rates, team-level admin, extra security features and enhanced transaction searches for audits. Customers have access to our sophisticated Commercial online banking platform and credit facilities.
It's different from a business bank account, because it's designed for larger and more complex transactions or financial needs.
Where can I find my Local Director or Relationship Manager?
You can find the details of your Local Director alongside your local store.
Each commercial banking customer with Metro Bank will also be given a dedicated Relationship Manager who will introduce themselves and provide you with their direct contact number and email address.
Our Commercial Relationship Managers support you in your journey using their wealth of knowledge and experience in commercial banking. Our teams are available via phone and email or we can also visit you on-site.
How do I switch my account?
Start the process of switching to our Commercial Current Account by popping into your local store or contacting your Relationship Manager.
For Business’s with a turnover of less than £6.5 million and fewer than 50 employees, the Current Account Switch Guarantee makes moving your commercial account quick and hassle-free. All completed within 7 working days.
What’s covered:
. All your direct debits and standing orders will be transferred to your new account.
· We’ll make sure that any payments made to your old account after the switch date are redirected to your new account for up to 3 years after the switch completes.
· As soon as everything has been transferred, your old account will be closed and the new one will be ready to go.
Looking for more information? Learn more about switching.
When can I contact the Business Team?
You can call us anytime Monday to Friday from 9am to 6pm on 0345 0808 508. We can help you quicker when we are less busy, which is usually between 2pm and 6pm.
Need extra help outside these hours?
For emergencies, reporting fraud or scams and blocking and reporting a lost or stolen card, you can call us any time, 24 hours a day, 7 days a week.
Metro Bank won’t charge you for your calls, however you may be charged by your service provider.
How do I apply for an overdraft?
If you'd like to arrange an overdraft please speak to your Relationship Manager. Overdraft facilities are subject to status checks and approval*.
*Overdraft facilities are subject to status checks and approval and terms and conditions will apply.
Additional services and solutions to support your business*
Business Credit Cards
One simple rate with no annual fee
Business and Commercial Loans
Lending options to suit different business needs
Business and Commercial Overdraft
An overdraft could help with your short term cash flow
Invoice Finance
Unlock value from your unpaid invoices
*Individual terms and conditions and eligibility criteria will apply to each additional service
Important documents for your Commercial Current Account application
Download a full list of transaction and services charges for our Commercial Current Account (PDF) and see Service Relationship (PDF) for our terms and conditions