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Our Commercial Current Account can be designed to suit large organisations that have an annual turnover or balance sheet of £2 million-plus or have complex banking needs

Relationship Manager

Your dedicated relationship manager will get to know you and your business, ensuring they’re able to provide you with the service you need

Sector Services

Our dedicated sector services teams can support your organisation and help you navigate the unique challenges within your industry

Designed for your business

We can support your business with our working capital options, international or domestic payment support and comprehensive accounting and auditing tools


If you’d like to find out more or switch to this account, give us a call and we’ll get the ball rolling

Call us on 0203 402 8054 or email

If you’d prefer to talk face-to-face about switching to our Commercial Current Account, walk into your nearest store any day of the week and see your Local Business Manager. No appointment necessary

Find your nearest store

If your business requires lending services, like an overdraft, a loan or invoice/asset financing, please give us a call on the number above

Switching to a Commercial Current Account

Switching to a Commercial Current Account

Switching to Metro Bank

Moving your account to Metro Bank is simple, and if your annual turnover is below £6.5 million, we guarantee it will be switched within 7 days.

If you only need a business account and/or a deposit account, you can come see us in store 7 days a week and speak to the Local Business Manager.

Everyone involved in opening the account will need to provide proof of identity, including:

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

Want to know which documents you may need? You can find a breakdown of them below. Bringing in the right stuff can speed up the process.

Proof of identity

A valid passport, EU national ID card or UK driving licence is ideal, and may be all we need. 

Suitable ID for other nationalities

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 Partnership

As a Limited Liability Partnership

As a Limited Company

More about this account

More about this account


To open a Commercial Current Account

  • You must be over 18
  • Have an annual turnover or balance sheet value of over £2 million
  • At least 50% of the business’s directors or beneficial owners (people who own more than 25% of the shares) are resident in the UK
  • At least 50% of shares owned by UK residents

To receive a cash incentive payment, you’ll need to be an eligible RBS customer. Find out if you’re eligible and what your incentive payment is on the RBS Business Banking Switch page.

Bank the way you want

You will have a dedicated Relationship Manager who will get to know you and your business. Sector teams in Commercial Banking, with expertise in a number of industries, understand the market you work in and can offer you support when you need it.

You can access your account several ways. Whether you want one-to-one support with your day-to-day banking from your Relationship Manager, or if you prefer to manage your business online or over the phone, you'll have access to a range of services to help you run your business in a way that works for you.

If you ever get stuck and need support, our stores are open 362 days a year from 8am to 8pm on weekdays, 8am till 6pm on Saturdays and 11am to 5pm on Sundays and Bank Holidays. You can also call our UK-based contact centres 24/7, 365 days a year to make sure your finances always have the attention and help they need.

You can also use the Post Office to pay cash into your account, deposit cheques or convert notes into change. You can find out more on our Post Office business banking page.

Find out more about our ways to bank

Additional services

Our Commercial Current Account is supported by a range of other services.


Protect your short-term cash flow with an overdraft. Our fees are upfront, so you’ll know your rate and your arrangement fee.

You’ll need to apply for an overdraft and, once we review your financial status, we can let you know our decision.

Find out more about Business Overdrafts

Credit Cards

A credit card can help to support your cash flow when you need it.

Find out more about Business Credit Cards

Business loans

Help your business grow with our simple borrowing solutions.

Find out more about our borrowing options

Accounting support

Connect your Commercial Current Account to Xero’s Cloud Accounting Software, so you can manage your accounting simply all online.

Find out more about connecting your account to Xero

Cash services

For businesses that deal with cash, we offer a number of services. You can pick up, deposit or exchange cash in our stores, organise cash delivery and collection to and from your premise, use our Magic Money Machines to count your coins and deposit them straight to your account and deposit or collect cash from your nearest post office.


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.

Fees and charges

Fees and charges

Monthly account fee Minimum Annual turnover / balance sheet value UK transaction fees
Zero Above £2 million Based on account activity

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. 

Using your debit card abroad

We don’t charge fees for non-sterling transactions or purchases in many European countries. If you’re outside of Europe, our rates are simple and straightforward. 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

*These are the countries you can use your card in for free

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. 

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)


  • What is the RBS Alternative Remedies Package?

    The RBS Alternative Remedies Package is a result of the government supporting the Royal Bank of Scotland (RBS) during the 2008 financial crisis. One of the conditions of the support was RBS had to reduce its share of the Small to Medium Enterprise (SME) banking market.

    It’s made up of two funds: The Capability and Innovation Fund and the Incentivised Switching Scheme. These funds are being managed by the independent Banking Competition Remedies Limited (BCR).

    Challengers like Metro Bank were able to pitch for a share of the Capability and Innovation Fund to improve their financial products and their capability to compete with RBS. Meanwhile, the Incentivised Switching Scheme will be used to fund incentives to encourage eligible RBS SME customers to switch to other banks.

  • Why is it relevant to Metro Bank?

    We want to provide SMEs a great banking experience, and this gives us an opportunity to offer these businesses a new alternative as well as helping us to grow. 

  • Did Metro Bank pitch for the Capability and Innovation fund?

    Yes, Metro Bank did pitch for the Capability and Innovation Fund.

  • When did Metro Bank find out its pitch was successful?

    The Capability and Innovation Fund’s announcement was on 22 February 2019, where we found out we’d been successful in our pitch and awarded £120 million.

  • What is Metro Bank planning to spend its £120m Capability and Innovation Fund money on?

    We’ll be using the £120 million to help meet the needs of SMEs and inject vibrant competition into the banking market. It will also help us to open new stores, launch new digital service and deliver an even better banking experience to businesses.

  • Will RBS customers be able to switch to Metro Bank?

    RBS customers have been able to switch to Metro Bank ever since we launched in 2010, but the Incentivised Switching Scheme will offer eligible RBS customers an additional incentive to join the revolution. 

  • What incentive will Metro Bank be offering eligible RBS customers?

    All switching customers receive our superior service, straightforward accounts and help from our wonderful colleagues. While our accounts will remain the same for eligible RBS customers, they will receive an incentive payment when they switch.

    Please note that for businesses turning over £1M or more, the incentive is paid in two stages – 50% once the switch has been completed and funds paid to Metro Bank by the BCR, and 50% a year later. 

    This is in line with the scheme rules set out by the BCR.

    Please be advised that in order to qualify for the incentive payment, your account switch from RBS needs to be complete - meaning both that a business current account has been opened with Metro Bank and your old account with RBS closed.

    Eligible RBS customers will be able to view their personal incentive amount on the RBS Business Banking Switch site.


  • What happens if eligible RBS customers want to switch before the ‘switching incentive’ is available?

    Anyone can switch their account to Metro Bank at any time, including RBS customers. However, eligible RBS customers who wish to receive the switching incentive payment will need to wait until 25 February 2019.

  • Will customers switching from other banks be eligible for an incentive? If not, why not?

    The RBS Incentivised Switching Scheme is only applicable to eligible RBS customers. Businesses switching from other banks will not be able to receive incentives from this fund. 

  • When does the switching incentive start and run until?

    The switching incentive for eligible RBS customers will begin 25 February 2019. There is no end date currently specified – it is expected that the scheme will run for up to 18 months.

  • How will businesses know if they are eligible for the incentive?

    All eligible customers will be contacted by RBS to let them know about the Incentivised Switching Scheme. RBS’s Business Banking Switch site has all the information for eligible customers. 

  • I’m an eligible RBS customer, how can I switch to Metro Bank?

    You can start the switching process from 25 February 2019. Register on the RBS Business Banking Switch for further updates.