Designed with your community in mind
Community Instant Access Deposit Account
Build a nest-egg for your club, society or charity with our straightforward Community Instant Access Deposit Account. You have total control over your money and can take money out if and when you like
Boost your savings
Earn 0.10% AER (variable) interest (rates will change to 0.05% AER (variable) from 12 August 2021). The more you put in, the more interest you could earn
Easy access to your cash
You have full control over your money and can access it when you need it
No hidden fees
You won’t pay a monthly fee, there are no set-up costs and no minimum deposits
Interest Rates, Fees and Charges
Interest Rates, Fees and Charges
| Interest rate | Minimum balance | Interest payment frequency |
|---|---|---|
|
0.10% AER (variable) until 11 August 2021 0.05% AER (variable) from 12 August 2021 |
None | Monthly or annually (calculated daily) |
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.
Charges for banking services
There are no fees for this account, but we do charge for some of our banking services.
| Service | Charge |
|---|---|
| Issuing a banker’s cheque | £15 per item |
| Stopping a banker’s cheque | £10 per item |
| Copy or duplicate statements | £5 per statement |
Opening a Community Instant Access Deposit Account
Opening a Community Instant Access Deposit Account
What we need to open your account
Bringing in the right documents can smooth out the account opening process.
To open a Community Account, you’ll need to be a club, society or charity. Different types of organisations will need different documents:
Unregistered Charity: Minutes of the Meeting and Constitution documents
Registered Charity: Minutes of the Meeting and Charity Commission number
Registered and Limited Charity: Charity Commission number and Company Registration number
Club/Society/Association: Minutes of the Meeting and Constitution documents. If there are no Constitution documents available a letter on headed paper confirming the same information is acceptable.
Minutes of the Meeting need to confirm
- An account is to be opened with Metro Bank in the name of the organisation
- Who the Key Officials are (Chairperson/Treasurer/Secretary)
- Who the signatories of the account will be and the signing rules for the account
- The Minutes of the Meeting must be signed by two Key Officials, where there are two or more
Constitution documents need to confirm
- What the organisation has been setup to do
- Who the appointed Board/Committee members are
- Who the Key Officials are (Chairperson/Treasurer/Secretary)
Proof of identity
A valid passport, EU national ID card or UK driving licence is ideal, and may be all we need.
Show suitable ID for UK, EEA or Swiss Nationals Hide 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 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
Show suitable ID for other nationalities Hide 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.
Show suitable proofs of address Hide suitable proofs of address
- Current UK full photocard driving licence
- Current UK provisional photocard driving licence
- Current old-style UK driving licence (no photo)
- 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 confirming your right to benefits (Department for Works and Pensions, Jobcentre Plus, Benefits Agency or Veterans Agency), 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, dated within the last 3 months
Additional information
Additional information
Eligibility
This account is exclusively for clubs, societies and charities. You need to have:
- A maximum of 250 employees
- An annual turnover of less than £36 million
- A balance sheet value of less than £31 million
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.
Setting up your online banking and mobile app
Manage your Community Instant Access Deposit Account online or on your mobile.
Your account and tax
Since 06 April 2016, interest on savings has been paid without tax being deducted. For more information, please contact the Business team on 0345 08 08 508.
Get all the details on our Community Instant Access Deposit Account
Download our PDF to read when you like - it contains all the ins and outs of our Community Instant Access Deposit Account.
Community Instant Access Deposit Account Details (PDF) (44KB)
Our Service Relationship with Business Customers (PDF) (1.1MB)
FAQs
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
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.
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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All deposit accounts
The right deposit account can help you reach your goals. See our range of deposit accounts that will make your money work harder.
How we can help
Community involvement
Every one of our stores is strongly rooted in the community it serves and we’re proud to work closely with local people and businesses.