Make payments and earn interest on credit balances with this account for insolvency professionals.
You get 0.10% AER on your current account provided you stay in credit.
A Relationship Manager will arrange your account opening. After that, it’s same-day opening for additional accounts.
We're on hand to support you round the clock – our stores are open 7 days a week and our contact centre is available 24/7.
We’re up front with our customers about everything. We’ve created this handy summary of our Insolvency Practitioner Account key features so you can see the important information from the get-go.
|Monthly account fee||Credit interest rate||Minimum balance||International & CHAPS payments||Other transaction types|
|Zero||0.10% AER||None||£25 each||Free|
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.
Open in store – we’re open 7 days a week, including after work and at weekends.
For more information, please call the Business Team on 0345 08 08 508 or simply talk to your Relationship Manager.
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.
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:
Download our PDF to read when you like – it contains all the ins and out of our Insolvency Practitioner Account.
You can apply for our Insolvency Practitioner Account if you have partners, members or employees who are authorised as insolvency practitioners under the Insolvency Act 1986 and/or have professional indemnity insurance that covers their appointment as a receiver (other than an administrative receiver).
You can pay bills and make CHAPS, faster payments, SWIFT, standing orders, Direct Debits and internal transfers on this day to day current account.
We are not currently able to set up Direct Debits which collect payments from others to be credited to your account. We'll let you know as soon as we can provide this service.
Yes. We'll run a credit check with a credit reference agency when you apply for a current account and / or overdraft. We may also ask for information about your business.
Usually, the cheque will clear on the fourth working day after you pay it in. (Yes, we’re open every day, but just pretend working days are Monday to Friday!) 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.
Metro Bank 24/7. Check balances, make payments, see transactions and open new accounts any time - all with internet banking.
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.
Which online banking solution is best for your business? Get the basics, add Bacs and CHAPS, or go for our full commercial platform.
Your eligible deposits with Metro Bank are protected by the FSCS.