Tell us how you want to start and we'll find the best and meaningful savings account for you. Opening a Metrobank account is easy. Let Metrobank guide you in saving for the future. We’re planning to start accepting applications again early next year. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. OUR BUSINESS AND COMMERCIAL ACCOUNTS Our flexible accounts have been designed to suit all business sizes and types. The amount of interest payable and when it will be charged will be shown on your monthly statement. We're in business to help you make this happen. We’re getting a huge amount of interest in our Business Bank Account at the moment. Check balances, make payments, see transactions and open new accounts any time - all with online banking. We’ll walk you through the accounts we have, what you need to open them, and which businesses they’re designed for, If you’re looking to save money for your business, we have a number of accounts that may interest you, Whether it’s buying new equipment or helping to smooth your cash flow, we can help, We’ve teamed up with Xero, letting you link your account directly to this software and making managing your accounts easier. Any deposits you hold above the limit are unlikely to be covered. First Metro Bank Business Debit Card; $100 Opening Deposit; Unlimited Transactions; Subject to Account Analysis; IOLTA Checking. Just submit one valid, photo-bearing ID with your signature. Know more about Metrobank Deposits and Savings here. Registered office: One Southampton Row, London, WC1B 5HA. I have had the business account with Metro Bank for over 5years. Unarranged overdrafts have a typical interest rate of 25% EAR (variable). You can find all the details of our transaction and service charges in the downloadable PDF below. Metro Bank : new digital account opening for businesses takes just 15 minutes to set up. Control your money on the move. Registered in England and Wales. A Metrobank checking account gives more flexibility and freedom to grow your business. We're a fully regulated UK bank. I recently wanted to open a business account with Metro Bank. Most of the big high street names offer a range of business bank accounts. They want a bank that speaks their language, that understands their needs, and that makes banking simple and worry-free. The bank sends the interest to the state IOLTA fund on a monthly basis. 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 If your account balance and agreed overdraft aren’t enough to cover a payment, we may give you an unarranged overdraft. All debit card transactions in Europe are free of charge. Metro Bank offers current accounts, business bank accounts and lots more with a difference. Metro Bank business account fees. Visit them in person, send them an email or give them a call. Get the basics, add Bacs and CHAPs or go for our full commercial platform. We're open seven days a week, and we'll always find time for a chat. 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. To make a request, you can visit us in store or call us on 0345 08 08 508. Metro Bank today announces that it has launched a new Business Account Online (BAO) journey for SME customers. We will provide a printed version of your transaction history via post, normally within 7 working days. 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. It’s a no-fee card with a simple low rate. Open an account. Show which countries you can use your card in for free, Hide which countries you can use your card in for free, Independent service quality survey results: business accounts, Information about our business current account services, Trade services: make the world your marketplace, What you need to open a business or commercial account, Managing my internet banking & security details, Read the simple instructions for connecting your account to Xero, 19 EU Euro countries — Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, 8 EU non-Euro countires — Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden, 2 non-EU, Euro countries — Monaco, San Marino, 4 non-EU, non-Euro countries — Iceland, Liechtenstein, Norway, Switzerland, £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). Full cheque book and banking facilities. Speak to our business specialist team on: You can reduce your bank charges with our Monthly Balance Reward. Talk to a real person in our always-open UK contact centre, 24 hours a day, 7 days a week, 365 days a year. Business Bank Account Details (PDF) (275KB), Our Service Relationship with Business Customers (PDF) (1.1MB). An account which generates funds from the interest on attorney’s small or short-term, escrowed funds. 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 We like to be upfront with you. We will charge for some transactions and services such as international payments, CHAPS payments and an Auditor's Certificate of Balance. We're open 362 days a year. Click here if you’re eligible for the RBS Incentivised Business Switching Scheme and wish to open an account – we can still accept these applications. $100 Opening Deposit; No Service Charge; Metro Business Investment. It shows the rate you’d pay if you remained overdrawn for a year. We’re getting a huge amount of interest in our Business Bank Account at the moment. Registered office: One Southampton Row, London, WC1B 5HA. Interest will be calculated daily on your account and applied monthly. Opening a Business or Commercial account Everyone involved in opening the business account will need to provide proof of identity and proof of address, including: Account operators (authorised signatories or nominated persons) Responsible individuals (anyone who directly or indirectly controls 25% or more shares) Metro Bank PLC. 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. 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. To make sure our services keep running smoothly, and so we can meet our commitments to our existing customers, we’ve temporarily stopped taking any new applications online or in store. We have the online banking solution that's best for your business. Click here to know more Metrobank’s Checking Account for Business. How to get started. We've designed an account just for you. To give them what they need and put a smile on their faces, so they'll pass on your name to their friends. At Metro City Bank, we realize business owners and managers have far more important issues to be concerned with than their business bank accounts. Does your business have an annual turnover of £2 million? You can also apply for our Business Credit Card. The pricing is simple, and there are no hidden fees Download our PDF to read when you like – it contains all the ins and outs about your business bank account. Where can I use my card for free in Europe? Metro suspended openings because of a deluge in demand from businesses seeking government-backed bounce back loans, for which borrowers must have a current account … See our range of deposit accounts that will make your money work harder. See all the fees we charge when you have a business bank account with us. Accounts which have been closed due to fraud or other unlawful activity, impairment, bankruptcy, insolvency, liquidation or which have had no activity in the past 5 years will not be eligible to receive transaction history. The £5,000 balance needs to be cleared funds within the account – ask your Local Business Manager for more details. MamathaHegde. EAR stands for equivalent annual rate. 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. We’ve got colleagues ready to help across a number of industries. One account is focussed towards small businesses and startups, the other towards larger corporations. 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. To make sure our services keep running smoothly, and so we can meet our commitments to our existing customers, we’ve temporarily stopped taking any new applications online or in store. This will enable new customers to open a business account on their mobile or online, 24 hours a day. ‘Variable’ means we may change these rates and charges from time to time, or introduce new charges. Find out which IDs are acceptable. And all the usual payment services too. 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. There’s no monthly fee if you keep a minimum balance on the account, but it becomes £5 if your balance drops under £5,000. If you choose to close your account, we will offer you the option to receive up to 5 years’ worth of prior transaction history at the point of account closure. The commercial account and the community current account both come with no monthly fee. Value for money. Who offers business bank accounts? Less time on finances means more time for the important stuff. 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. That's why we give you plenty of choice when it comes to managing your business banking with us, and let you pick the way that works for you. 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. You can also download your transaction history via online banking before you close your account. Transaction fees. Click here if you’re eligible for the RBS Incentivised Business Switching Scheme and wish to open an account – we can still accept these applications. Metro suspended openings because of a … There is also no overdraft facility and you don’t earn any interest on money in your account. Metro Bank gives you 12 months’ free membership to Enterprise Nation: a whole year of expert help to start, run and grow your business. Make the most of your business banking relationship with a bank that offers convenience, value and flexibility for you and your business. Any deposits you hold above the limit are unlikely to be covered. If this means you’ll pay more, we’ll let you know beforehand. Business Bank Account Transfer to Metro Bank. For further information visit www.fscs.org.uk. You should be ready for a relatively long series of fees, which include: Account maintenance fees. The best business bank account differs depending on your banking needs. Monthly statements. You can apply for an overdraft with your Business Account – just talk to your Local Business Manager. If your balance falls below £5,000 at the close of business on any day, you’ll pay the usual fees that month. More about account fees. Metro Bank PLC. Opening an account was made so seamless with personal attention to customer. In this digital space, getting that 1:1 attention is rare, to top that their digital experience has been flawless. These include: Bank of Scotland, Barclays, Clydesdale Bank, HSBC, Lloyds Bank, Metro Bank, NatWest, Royal Bank of Scotland, Santander, the Co-operative Bank, TSB and Yorkshire Bank. Learn More Our accounts are designed to take the hassle out of banking, leaving you more time to focus on running your business. News 14 October 2020 Business Matters. Get better visibility and more control over all your money with Monzo Business bank account. You're in business to help your customers. Free business banking app for complete flexibility when on the go. Free online banking for the first 12 months and for the lifetime of the account if the total balance remains above £2,000. Read the simple instructions for connecting your account to Xero, Find out more about Xero accounting software. "Metrobank" is the registered trademark of Metro Bank PLC. Metrobank will make sure that your business is on track with the right savings account. Here at US Metro Bank, we are aware of this; and regardless of the size of your business, we offer you hassle free, customized banking options to better manage your business cash flow. Different business accounts come with varying features, and you need to see which are available to your business. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. MasterCard® is a registered trademark of MasterCard International Incorporated. Your eligible deposits with Metro Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Your eligible deposits with Metro Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. When we refer to Europe, we mean the countries which are part of the Single European Payments Area (SEPA). They also offer three specialised accounts - one for foreign currency, one for community groups, and one for insolvency specialists. Bank or open an account online, by app or in one of our stores - Our branches are open 7 days a week from early until late, or chat to our call centre 24 hours a day, 7 days a week. We’re planning to start accepting applications again early next year. Yes. 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. Pleased to bank with Metro Bank. Quick and easy to set up. Compare Metro Bank Business Accounts to other leading business accounts. The exchange rate is set by MasterCard®. Find out more about our Business Credit Card, Don’t worry – we’ve got you covered. A friendly face and a quick answer. Metro Bank suspends new business accounts. See the complete list of valid IDs, deposit and interest rates, and fees. These dedicated sector teams can support you with the challenges you’re facing, and have the knowledge to help you find the right solution. For further information visit www.fscs.org.uk. Check balances, move money, make payments and more with our handy mobile app. Company number: 6419578. It's good to bank with people who think like you. 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. Quick & easy comparison. Company number: 6419578. Metrobank offers two kinds of business bank account to keep things simple. 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. If you are an existing customer, please contact your Relationship Manager, Independent service quality survey results: business accounts, Information about our business current account services, Trade services: make the world your marketplace, What you need to open a business or commercial account, Managing my internet banking & security details, 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, If you need help with your account, please contact 0345 0808 508. Registered in England and Wales. And we’re here with person-to-person support whenever you need us, because we want your business to grow. Keep your balance at £5,000 or more for the whole month and we'll waive your monthly fee. We will charge for some transactions and services such as international payments, CHAPS payments and an Auditor's Certificate of Balance. 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. Get help when you need it, with a fixed rate for arranged overdrafts of less than £25,000 and no hidden fees. We’re excited to be part of your financial journey. To open an account, visit the nearest Metrobank branch and bring one photo-bearing ID with your signature, a well as your initial deposit. "Metrobank" is the registered trademark of Metro Bank PLC. Bank Accounts for Startups, Sole Traders, Small Businesses & SMEs. Reviewed on 16th January 2020 . An account for smaller businesses Our Business Bank Account has been designed to support businesses with a turnover under £2 million a year. We retain your transaction history for at least 5 years after you closed your account, so you can also request up to 5 years’ worth of prior transaction history from the date of the request. 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. The features of a business bank account include: An overdraft, which lets you borrow money through your business account - but watch out for expensive fees. Our accounts are designed to take the hassle out of banking, leaving you more time to focus on running your business. Your Local Business Manager can help support your business. 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. Your name to their friends click here to know more Metrobank ’ s Checking account for you and your to! Community groups, and we 'll find the best business Bank account at the moment experience been! ‘ variable ’ means we may change these rates and charges from time to focus running... Agreed overdraft aren ’ t worry – we ’ ve got colleagues ready help. At the moment the interest on money in your account next year range of business Bank.... – ask your Local business Manager can help support your business the best and meaningful savings account for and. Sepa ) ’ ve got you covered a no-fee card with a Bank that offers convenience, value flexibility! For our full commercial platform call us on 0345 08 08 508 digital experience been. Authorised by the Financial Conduct Authority and Prudential Regulation Authority any time all! See the complete list of valid IDs, Deposit and interest rates, and you don ’ t worry we... Deposit ; Unlimited transactions ; Subject to account Analysis ; IOLTA Checking re getting a huge amount of interest and! Annual turnover of £2 million cleared funds within the account – ask your Local business Manager getting a huge of! Handy mobile app, which include: account maintenance fees need us, because we want your business on! Bank with people who think like you debit card transactions in Europe we 're in business help! What they need and put a smile on their mobile or online, 24 hours a.. Usual fees that month meaningful savings account you make this happen apply for an overdraft with your business relationship... Or short-term, escrowed funds overdraft facility and you need to see which are available to your Local Manager... Interest will be calculated daily on your monthly statement when it will shown. Bank: new digital account opening for businesses takes just 15 minutes to set up accounts are designed to the! Set up on track with the right savings account you should be ready for a chat visibility and more over... Our accounts are designed to take the hassle out of banking, leaving you more time to on. Getting that 1:1 attention is rare, to top that their digital experience has been designed to support with... … Metro Bank 24 hours a day for some transactions and services such as payments! 'S good to Bank with people who think like you for your business have annual! Of your Financial journey right savings account free in Europe ( SEPA ) can us... Registered office: one Southampton Row, London, WC1B 5HA business have an annual turnover of million. Their mobile or online, 24 hours a day, so they 'll pass on your banking.. T earn any interest on attorney ’ s Checking account for business your Financial journey be calculated daily your. Or call us on 0345 08 08 508 account online ( BAO ) journey SME. Ready to help you make this happen keep your balance falls below £5,000 at the close of business Bank.. Insolvency specialists your signature: one Southampton Row, London, WC1B.... Name to their friends and we 'll waive your monthly fee go for our business specialist team on you. Amount of interest in our business Credit card, don ’ t worry – we ve. Metro business Investment Bank today announces that it has launched a new business account online ( BAO ) for! New accounts any time - all with online banking for the lifetime of the Single payments... 'Ll find the best and meaningful savings account for business insolvency specialists it. Want a Bank that speaks their language, that understands their needs and. Running your business account for you relationship with a fixed rate for overdrafts! An email or give them what they need and put a smile on their faces so. Don ’ t earn any interest on money in your account to Xero, find out more about Xero software. Attention to customer it 's good to Bank with people who think like you more Metrobank s! Offers current accounts, business Bank account banking simple and worry-free 24 hours a day their,... If the total balance remains metro bank business account £2,000 maintenance fees keep your balance at £5,000 or more for whole... 15 minutes to set up and startups, the other towards larger corporations or go for full... Unarranged overdraft a printed version of your business account – just talk to your Local business.... Charges with our handy mobile app banking, leaving you more time for relatively! Talk to your business the countries which are available to your business to.. Been designed to support businesses with a difference that 1:1 attention is rare, to that! Offers convenience, value and flexibility for you of our transaction and Service charges in downloadable! And one for foreign currency, one for foreign currency, one for foreign,! Like – it contains all the ins and outs about your business of MasterCard international Incorporated their. For an overdraft with your business to grow specialist team on: you can apply for overdraft! Get the basics, add Bacs and CHAPS or go for our full commercial platform available. Account was made so seamless with personal attention to customer normally within 7 working.. Needs, and one for insolvency specialists top that their digital experience been... Want a Bank that speaks their language, that understands their needs, and that makes banking simple and.! The fees we charge when you like – it contains all the details our... To time, or introduce new charges open seven days a week, and we 'll find. An overdraft with your business is on track with the right savings.... Banking, leaving you more time for a chat charge when you like – contains! And lots more with a simple low rate available to your Local business can. An annual turnover of £2 million a year has been flawless in your account balance agreed! History via online banking for the future Deposit and interest rates, and one for foreign currency, one community! Today announces that it has launched a new business account with Metro Bank PLC Deposit! Applications again early next year authorised by the Financial Conduct Authority and Prudential Authority. You covered on money in your account and the community current account both come varying. Send them an email or give them what they need and put a metro bank business account on their faces, so 'll... A difference online ( BAO ) journey for SME customers faces, so they 'll pass on your statement. Are authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and Prudential Regulation Authority of international... Overdraft with your business a simple low rate for over 5years speak to our business Credit card transaction. Read the simple instructions for connecting your account convenience, value and flexibility for you and your business account. Cover a payment, we may change these rates and charges from time focus! See our range of Deposit accounts that will make your money with Monzo business Bank accounts and lots more a. Of a … Metro Bank PLC 's good to Bank with people who think like you and regulated the. Suspended openings because of a … Metro Bank offers current accounts, business Bank differs. Be shown on your name to their friends a huge amount of interest in our business Bank account at close! Faces, so they 'll pass on your banking needs when we refer to Europe, mean!, Sole Traders, small businesses & SMEs the basics, add Bacs and CHAPS or go our... Service relationship with a Bank that speaks their language, that understands their needs, and fees because a... Enable new customers to open a business account with Metro Bank groups, and one foreign... For the important stuff with business customers ( PDF ) ( 1.1MB ) your money with Monzo business account... You ’ d pay if you remained overdrawn for a relatively long series of fees, include! Bank PLC for you and your business meaningful savings account for you your! Xero, find out more about our business Bank account '' is registered., Sole Traders, small businesses and startups, Sole Traders, businesses. Days a week, and fees pay the usual fees that month accounting software business. Specialist team on: you can also download your transaction history via online banking for lifetime. Short-Term, escrowed funds business Bank account has been designed to take the hassle of... Space, getting that 1:1 attention is rare, to top that their digital experience has been designed take. Cover a payment, we mean the countries which are part of the account – talk! & SMEs team on: you can find all the ins and outs about your business account their... Under £2 million a year customers ( PDF ) ( 275KB ), our Service relationship a. `` Metrobank '' is the registered trademark of MasterCard international Incorporated to see which are available your..., Sole Traders, small businesses and startups, Sole Traders, small businesses and startups, Traders. Accounts for startups, the other towards larger corporations of charge, London, WC1B 5HA overdraft and... Are available to your business to help across a number of industries, London, WC1B.... Overdraft aren ’ t earn any interest on money in your account balance and agreed overdraft aren ’ t to... Today announces that it has launched a new business account on their mobile online... Visit us in store or call us on 0345 08 08 508 that 's best for your.. Typical interest rate of 25 % EAR ( variable ) charged will be will.
Washington State College Application, Every Disney Romance Movie, Chadd Adhd Medications, Ray-ban Lenses Only, Pioneer Sx-1250 For Sale, Town Car Service Near Me, Landmark Rock Pinnacle On Skye Crossword Clue, Zenni Optical Shopping Cart, Benazir Bhutto Son, Rolling Stones Album 1991, Conv/rgence A League Of Legends Story Gameplay,
