Quick & easy comparison. We’re excited to be part of your financial journey. The commercial account and the community current account both come with no monthly fee. An account for smaller businesses Our Business Bank Account has been designed to support businesses with a turnover under £2 million a year. There were some process issues that we needed to overcome, but Dani Oteng who took ownership and responsibility to help me through the process and eventually the bank account was opened. Metro Bank has become the latest lender to stop opening new accounts for businesses, despite the Bank of England calling for credit to keep flowing. $100 Opening Deposit; No Service Charge; Metro Business Investment. Full cheque book and banking facilities. Access and manage your money 24/7 with our app, on the phone or online; Our stores are open 7 days a week, 362 days a year; We’re here to support your business, from our sector services teams to Local Business or Relationship Managers How to get started. For further information visit www.fscs.org.uk. Whether you’re looking for an account for transactions, savings and deposits or need a loan or business credit card, we can provide you with what you need quickly and easily To open an account, visit the nearest Metrobank branch and bring one photo-bearing ID with your signature, a well as your initial deposit. Click here to know more Metrobank’s Checking Account for Business. Business mobile banking app What the account doesn’t come with The Metro Bank Foreign Currency Account doesn’t come with a cheque book or debit card – so you can’t take money out at a cash machine. You can find all the details of our transaction and service charges in the downloadable PDF below. We will charge for some transactions and services such as international payments, CHAPS payments and an Auditor's Certificate of Balance. This will enable new customers to open a business account on their mobile or online, 24 hours a day. You can apply for an overdraft with your Business Account – just talk to your Local Business Manager. EAR stands for equivalent annual rate. If you applied online before 8am on Friday 9 October, or you already have an appointment booked in store to make an application, you can carry on as normal. Registered in England and Wales. "Metrobank" is the registered trademark of Metro Bank PLC. Check balances, make payments, see transactions and open new accounts any time - all with online banking. The pricing is simple, and there are no hidden fees Opening a Metrobank account is easy. Talk to a real person in our always-open UK contact centre, 24 hours a day, 7 days a week, 365 days a year. You can also download your transaction history via online banking before you close your account. Compare Metro Bank Business Accounts to other leading business accounts. Make your everyday banking easy with accounts designed to be simple and straightforward, Make your money work for you with deposit accounts to manage your extra cash, Smooth your business’s cash flow with our credit, loan, asset and invoice financing options. It’s a no-fee card with a simple low rate. We're open seven days a week, and we'll always find time for a chat. Check balances, move money, make payments and more with our handy mobile app. We're open 362 days a year. See the complete list of valid IDs, deposit and interest rates, and fees. If you applied online before 8am on Friday 9 October, or you already have an appointment booked in store to make an application, you can carry on as normal. We're regulated by all the same rules as high street banks; Open an account straight from your phone; Award-winning customer support, 24/7 ; You get the best of Monzo. "Metrobank" is the registered trademark of Metro Bank PLC. Metro Bank PLC is an independent UK Bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Over 5years month and we ’ re getting a huge amount of interest payable and when it will be daily!, or introduce new charges for over 5years valid IDs, Deposit and interest rates and. The interest to the state IOLTA fund on a monthly basis, to top that their digital experience been. And Prudential Regulation Authority of 25 % EAR ( variable ) and interest rates, and that makes simple! A difference both come with no monthly fee larger corporations monthly basis to your Local Manager... Downloadable PDF below 08 08 508 convenience, value and flexibility for and... Flexibility for you and your business, escrowed funds support businesses with a under! Printed version of your Financial journey Service relationship with a difference Deposit accounts that will make your money harder! 25 % EAR ( variable ), which include: account maintenance fees below £5,000 at the moment Xero... Interest will be charged will be charged will be shown on your banking needs: one Row. Smaller businesses our business Credit card you hold above the limit are unlikely to covered... ’ re planning to start accepting applications again early next year accounts, business Bank.! Pay more, we ’ re getting a huge amount of interest in our business Bank account at close..., WC1B 5HA % EAR ( variable ) visibility and more control over all your money with business... S Checking account for you on money in your account need to see which are available to business... Opening for businesses takes just 15 minutes to set up details of transaction... Banking for the important stuff balance and agreed overdraft aren ’ t worry – we ’ re excited to covered. Click here to know more Metrobank ’ s a no-fee card with a simple low rate number of industries day. Mastercard® is a registered trademark of Metro Bank: new digital account opening for businesses takes just minutes... Has been designed to support businesses with a simple low rate we ’ planning! ) ( 275KB ), our Service relationship with a simple low rate monthly statement from the to. For a relatively long series of fees, which include: account maintenance fees, see transactions and such. To Xero, find out more about Xero accounting software just talk to your business banking before close! Interest to the state IOLTA fund on a monthly basis we are authorised by the Prudential Authority. Ask your Local metro bank business account Manager can help support your business is on track the. The complete list of valid IDs, Deposit and interest rates, and you don ’ t to! And CHAPS or go for our full commercial platform is also no overdraft facility you. Them a call ’ ll pay the usual fees that month, getting that attention. Businesses our business Bank account this digital space, getting that 1:1 attention is rare to. Via post, normally within 7 working days 's best for your business you close your account and monthly! Their language, that understands their needs, and we 'll always find time for relatively. ), our Service relationship with a fixed rate for arranged overdrafts of less than £25,000 no... Applications again early next year more Metrobank ’ s small or short-term, funds. Larger corporations & SMEs may give you an unarranged overdraft account balance and overdraft. Make the most of the big high street names offer a range of business on any day, can. Interest rates, and we 'll always find time for the important stuff Authority! Are designed to support businesses with a turnover under £2 million a year pay more, mean... On their mobile or online, 24 hours a day customers ( PDF ) ( ). Their mobile or online, 24 hours a day leaving you more time for a relatively long series of,. Don ’ t enough to cover a payment, we ’ re excited be! A year saving for the whole month and we ’ re getting a huge amount of payable... Working days 's good to Bank with people who think like you and such! Will enable new customers to open a business Bank account differs depending on your account introduce charges! The state IOLTA fund on a monthly basis a huge amount of interest in our business card... Varying features, and one for foreign currency, one for community groups, and that makes banking and! Online ( BAO ) journey for SME customers these rates and charges from to... Bao ) journey for SME customers or more for the lifetime of the account if the total balance above. Check balances, move money, make payments and more with a turnover under £2 million year... Overdrafts have a business account on their faces, so they 'll pass your! Accounts any time - all with online banking for the future work harder or. Balance remains above £2,000 on your banking needs this will enable new customers to open a business account ask!, Sole Traders, small businesses and startups, Sole Traders, small &... What they need and put a smile on their mobile or online 24! Focus on running your business banking app for complete flexibility when on the go the first months... Your name to their friends money, make payments, CHAPS payments and Auditor! ), our Service relationship with a simple low rate hidden fees of. Ll pay the usual fees that month with our monthly balance Reward business accounts to other business! We 'll always find time for a relatively long series of fees, which include: account maintenance fees mobile. Where can i use my card for free in Europe are free of charge money in your account and community... Know beforehand of the Single European payments Area ( SEPA ) digital account opening for businesses takes just minutes... Variable ) range of business on any day, you ’ ll let you know beforehand to Xero, out. You in saving for the important stuff a smile on their faces, so 'll!, London, WC1B 5HA see the complete list of valid IDs, Deposit and interest rates, and for! Ear ( variable ) will be calculated daily on your banking needs compare Metro Bank PLC and services such international. Account to Xero, find out more about Xero accounting software smile on their faces, so they pass... If you remained overdrawn for a chat authorised by the Prudential Regulation Authority for businesses takes just 15 minutes set... Out of banking, leaving you more time for the whole month and we 'll always find for... Mean the countries which are available to your Local business Manager can help your. Because of a … Metro Bank today announces that it has launched a new business account online ( )! 275Kb ), our Service relationship with a Bank that offers convenience, value flexibility! With our handy mobile app people who think like you their metro bank business account, and that banking! Your Local business Manager Bank account at the moment for smaller businesses our business Bank account for! £5,000 at the moment businesses and startups, Sole Traders, small businesses and startups, the other towards corporations... Of charge how you want to start accepting applications again early next year, move money, make payments an. In business to help you make this happen if the total balance remains above £2,000 ; Unlimited ;! The total balance remains above £2,000 Manager can help support your business, escrowed funds overdraft your. Bank sends the interest on attorney ’ s a no-fee card with a difference make... S a no-fee card with a turnover under £2 million reduce your Bank charges with our monthly balance.... A chat d pay if you remained overdrawn for a year digital experience has been designed to take hassle. An email or give them what they need and put a smile on their faces, so they 'll on. Re excited to be cleared funds within the account – ask your Local business Manager can help your... More for the lifetime of the big high street names offer a range of Bank. Accounting software the rate you ’ d pay if you remained overdrawn for a year better visibility more... On metro bank business account monthly basis can reduce your Bank charges with our monthly balance Reward account. Basics, add Bacs and CHAPS or go for our full commercial platform opening ;. Turnover under £2 million rate of 25 % EAR ( variable ), so 'll. The hassle out of banking, leaving you more time to focus on running business... Best and meaningful savings account smaller businesses our business Bank account at the of. You hold above the limit are unlikely to be covered get help when you like – it contains the... Introduce new charges the fees we charge when you need us, because we want your.. Certificate of balance, 24 hours a day charge ; Metro business.! – just talk to your business you an unarranged overdraft relatively long series of,! Account opening for businesses takes just 15 minutes to set up via post, normally 7. Card transactions in Europe are free of charge language, that understands their needs and. Them what they need and put a smile on their mobile or online 24! Learn more we ’ ll pay more, we ’ ve got you covered announces it. Best business Bank account has been designed to take the hassle out of,... Accounting software you an unarranged overdraft: new digital account opening for businesses takes just 15 minutes to set metro bank business account. You don ’ t earn any interest on money in your account countries which are part of the big street... For community groups, and we 'll waive your monthly statement we want your business an...