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Client Premium Deposit Account

Earn interest on the money you’re holding for your clients with our Client Monies Deposit Account

Earn interest

Get 0.20% AER (variable) interest on money you’re holding for clients

Easy access

Withdraw money at any time

Simple transactions

Send and receive electronic payments, including CHAPS, Bacs, SWIFT and standing orders


Your local director can talk you through how we can support your banking needs. Their details will be listed alongside your local store

Additional information

Additional information


This account is for Metro Bank Business Bank Account or Commercial Current Account customers who need to hold clients’ money in a bank account.

It’s typically used by solicitors and accountants, but certain other regulated businesses may also be able to benefit too. 

If you have client funds that you need to deposit for at least 6 months, you may want to consider our Flexible Client Term Deposit Account to earn a higher interest rate.

Bank the way you want

We believe in letting you decide how you want to bank with us – whether that’s online, in store, over the phone, through your Relationship Manager or on the move with our app.

Ways to bank

Setting up your online banking and mobile app

Manage your Client Premium Deposit Account online or on your mobile.

Business online banking

Business mobile banking app

Deposit terms

You can’t access your money during the term, but if you think you may need access to your money in this time, please consider the Metro Bank Business Instant Access Deposit Account

Interest and funds on maturity will be paid into your nominated Metro Bank account. 

Your account and tax

Since 06 April 2016, interest on deposits has been paid without tax being deducted. For more information, please contact the Business team on 0345 08 08 508.

Fees and charges

Fees and charges

Interest rateMinimum balanceInterest payment frequency
0.20% AER (variable) None Monthly, half-yearly or annually

AER stands for annual equivalent rate. It shows what the interest rate would be if interest was paid and compounded once each year. 

Variable means we may change these rates and charges from time to time, or introduce new charges. If this means you’ll earn less interest, we’ll let you know beforehand.

Fees and charges

There’s no set-up fee or monthly maintenance fee 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.

Opening a Client Premium Deposit Account

Opening a Client Premium Deposit Account

What we need to open your account

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:

  • Account operators (authorised signatories or nominated persons)
  • Responsible individuals (anyone who directly or indirectly controls 25% or more 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. 

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.

As a Sole Trader

As a Partnership

As a Limited Liability Partnership

As a Limited Company

Get all the details on our Client Monies Deposit Account

Download our PDF to read when you like - it contains all the ins and outs of our Client Monies Deposit Account.

Client Premium Deposit Account Details (PDF) (924KB)

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

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  • How do I make international payments?

    You can make international payments from your local store. Find your nearest store

    You can also call our Business Customer Service Team on 0345 08 08 508, or +44 203 402 8312 if you’re outside the UK, and a member of the team will help you make the payment. 

    You’ll need to know and provide the recipient’s IBAN number (International Bank Account Number), Swift/BIC Code (Bank Identifier Code) and the payee’s bank and personal details in order to make the payment. 

  • What is the difference between CHAPS, SWIFT and Bacs payments?

    With Bacs payments you can move money from one bank account to another. They’re mainly used for direct debits payments. Payments can take 3 working days to clear. There is no charge to make or receive Bacs payments. 

    You can use SWIFT payments to transfer money between different countries. There is a £25 charge to use this service.

    You can use CHAPS to make payments in the UK, in sterling, on the same day. There is a £25 charge to use this service. 

  • How long does it take for a cheque to clear?

    Usually, the cheque will clear on the fourth working day after you pay it in. If you pay a cheque in on Monday, you can use the money on Friday. Pay it in on Tuesday and you can use the money the following Monday – and so on.

    If the bank the cheque is from is using extra security measures, it will take a little longer. International cheques can take 6-8 weeks to clear.

  • Can I use internet banking with my Client Premium Deposit Account?

    Yes, you can go on line and check your balance, make payments, move money between your accounts, and more, 24/7.

    Find out more about internet banking.

  • Where can I find the rate for my Metro Bank account that’s now closed to new Business Customers?

    You can find the rates for any account that is not listed on the current rates page set out in Rates for Closed Business Products.

Your ways to bank


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.

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