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Open your business bank account in minutes

Business Bank Account

Our Business Bank Account is convenient and straightforward, because we know running a business is hard enough. We understand that it's not just business, it's personal - that's why we have a Local Business Manager in every store to support you.

Personal service

There’s a Local Business Manager in every one of our stores – and we’re open 7 days a week with 24/7 telephone support.

Simple and fair

Clear pricing and fees. Keep a daily balance of £5,000 or more in your account over one month and you won’t pay an account maintenance fee.

Open an account in hours not weeks

Come in to store and we’ll print your debit cards and cheque books on the spot. There’s no appointment necessary.

What you need to know

We’re up front with our customers about everything. We’ve created this handy summary of our Business Bank Account key features so you can see the important information from the get-go.

Daily balanceMonthly account feeMinimum balanceUK transaction fees
Over £5000 Zero None 50 free per month then £0.30 each
Under £5000 £5 None £0.30 each

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. 


Eligibility

You can apply for a Business Bank Account if:

  • You’re aged 18 or over
  • You have an annual turnover and/or an annual balance sheet value of up to £2 million
  • At least 50% of your business’s directors and beneficial owners – people who own more than 25% of the shares – are resident in the UK
  • At least 50% of the shares are owned by people who are resident in the UK

Here’s what you need to open a business account 


Overdrafts

Overdrafts are available on this account, but you’ll need to apply first. We’ll then check your financial status before making a decision.

Read more about Business Overdrafts


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).

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:

  • Unpaid item charge (when you don’t have funds to cover a cheque, Direct Debit or standing order payment and we have to return it unpaid) - £25
  • Paid item charge (when a cheque, Direct Debit or standing order is deducted from your account and creates an unarranged overdraft) - £15

Cheques

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.


 

Using your debit card abroad

We won’t charge you for international debit card transactions made in most European countries. And we offer outstanding value rates in the rest of the world.

LocationCard PurchaseCash Withdrawal
In Europe* FREE FREE
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 paid out of your account. The exchange rate is set by MasterCard®.

MasterCard® is a registered trademark of MasterCard International Incorporated. 


Setting up internet banking and the mobile app

You can manage your Business Bank Account online and on your mobile with our mobile banking app.
Learn more about Business Internet Banking and get started 
Learn more about Business Mobile Banking and get started 


Find your Local Business Manager

Your Local Business Manager is based in your nearest Metro Bank store. You can find their name and contact details on the store page. Find your nearest store 


Get all the details to read at your leisure

Download our PDF to read when you like – it contains all the ins and outs of our Business Bank Account. 

Business Bank Account Details (PDF)(929KB)

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

Open an account

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FAQs

Got a question? Find your answers here. 

  • 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 open a business account at the weekend?

    Yes, you can. All our stores are open 7 days a week. Just pop in and see us.

  • 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?

Your ways to bank

Online

Metro Bank 24/7. Check balances, make payments, see transactions and open new accounts any time - all with internet banking.

Mobile

Control your money on the move with our mobile banking app. Check balances, move money, make payments and more wherever you are.

In-store

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

Telephone

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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