Metro Bank business bank account comparison and review

With 4 different account options, Metro Bank has many irons in the fire of business banking.

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Valentina Cipriani

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Metro Bank Business

Metro Bank was founded in 2010 as a high-street challenger, and while most new banks are online-only, this one has high street branches. When it first launched, Metro Bank’s branches stayed open for up to 12 hours a day and operated on weekends. However, it has since reduced its weekday opening hours to 9.30am to 5pm, while only some branches open on Saturdays and all are now closed on Sundays to reflect the increased use of digital banking by customers.

In this article we look at Metro’s business accounts.

Compare Metro Bank’s business accounts

3 of 3 results
Updated regularly
Finder Score Account fee Bank transfers Requires credit check Arranged overdraft Accounting integrations Account management Key benefits Business bottom txt
Metro Bank logo
Not yet rated
Metro Bank Commercial Account
Not yet rated
Free
£0.50
Xero
Branch, online, app & phone
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Metro Bank logo
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Metro Bank Business Bank Account
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Free
£0.30
Xero
Branch, online, app & phone
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Metro Bank logo
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Metro Bank Community Account (Charities)
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£3 per month
£0.30
Xero
Branch, online, app & phone
View details
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Finder Score for bank accounts

To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.

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20 of 23 results
Updated daily
Interest rate Interest paid Open with Term Incentive Table product description
Metro Bank logo
Metro Bank 1 Year Fixed Term Deposit Account Monthly
3.3% AER fixed
Monthly
From £5,000
1 year
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Metro Bank logo
Metro Bank 1 Year Fixed Term Deposit Account
3.3% AER fixed
Annually
From £5,000
1 year
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Metro Bank logo
Metro Bank 2 Year Fixed Term Deposit Account Monthly
3.3% AER fixed
Monthly
From £5,000
2 years
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Metro Bank logo
Metro Bank 2 Year Fixed Term Deposit Account
3.3% AER fixed
Annually
From £5,000
2 years
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Metro Bank logo
Metro Bank 1 Year Community Fixed Term Deposit Monthly
2.6% AER fixed
Monthly
From £5,000
1 year
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Metro Bank logo
Metro Bank 1 Year Community Fixed Term Deposit
2.6% AER fixed
Annually
From £5,000
1 year
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Metro Bank logo
Metro Bank 3 Months Fixed Term Deposit Account
2.02% AER fixed
Maturity
From £5,000
91 days
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Metro Bank logo
Metro Bank 6 Months Fixed Term Deposit Account
2.01% AER fixed
Maturity
From £5,000
183 days
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Metro Bank logo
Metro Bank 6 Months Fixed Term Deposit Account Monthly
2% AER fixed
Monthly
From £5,000
183 days
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Metro Bank logo
Metro Bank 3 Months Fixed Term Deposit Account Monthly
2% AER fixed
Monthly
From £5,000
91 days
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Metro Bank logo
Metro Bank 95 Day Business Notice Account Monthly
2% AER variable
Monthly
From £0
95 days notice
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Metro Bank logo
Metro Bank 95 Day Business Notice Account Half Yearly
1.99% AER variable
Half-yearly
From £0
95 days notice
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Metro Bank logo
Metro Bank 95 Day Business Notice Account
1.98% AER variable
Annually
From £0
95 days notice
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Metro Bank logo
Metro Bank 60 Day Business Notice Account Monthly
1.75% AER variable
Monthly
From £0
60 days notice
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Metro Bank logo
Metro Bank 60 Day Business Notice Account
1.74% AER variable
Annually
From £0
60 days notice
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Metro Bank logo
Metro Bank 60 Day Business Notice Account Half Yearly
1.74% AER variable
Half-yearly
From £0
60 days notice
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Metro Bank logo
Metro Bank 35 Day Business Notice Account Half Yearly
1.5% AER variable
Half-yearly
From £0
35 days notice
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Metro Bank logo
Metro Bank 35 Day Business Notice Account Monthly
1.5% AER variable
Monthly
From £0
35 days notice
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Metro Bank logo
Metro Bank 35 Day Business Notice Account
1.49% AER variable
Annually
From £0
35 days notice
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Metro Bank logo
Metro Bank Business Instant Access Savings Account
0.85% AER variable
Annually
From £0
Instant access
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Showing 20 of 23 results

Discover and compare the fees and features of other business accounts here

What is a Metro Bank business account?

Metro Bank offers different business account types depending on what your business does and how much it earns:

  • Business account. For businesses with up to £2 million of annual turnover.
  • Commercial account. For businesses with more than £2 million of annual turnover. Fees work a bit differently, and you’ll need more documents to open one, but apart from that it’s quite similar to a standard business account.
  • Foreign currency account. For businesses trading in more than one currency. You don’t get a card, but you can open an account for each currency you trade in.
  • Community current account. For clubs, societies and charities. Again, this is mostly a standard business account, but cheaper.
  • Insolvency practitioner current account. For insolvency professionals. Holds funds in trust, with the ability to make and receive payments on your clients’ behalf.

Metro Bank also offers business savings accounts. They can all be managed through the Metro Bank mobile app, including your Metro Bank personal accounts if you have any. The app is smart, easy to use and has some handy features, such as personalised spending reports. It also matches most digital banks’ apps for efficiency.

How does a Metro Bank business account work?

To apply for the standard business account, you must be at least 18, at least half of your business’s directors or beneficial owners must be living in the UK, and at least 50% of your business’s shares must be owned by UK residents. Your business must only be owned by individuals, not a parent company.

You can only apply in person at a Metro Bank branch, unless your application is for a business with multiple directors. In this instance, you can apply online if you have an invite code.

When you open an account in branch, you’ll need to bring your proof of identity and address together with those of all account operators and people who control 25% or more shares of the company. You don’t need an appointment and your card will usually be printed in the store on the same day and you’ll be ready to go immediately.

It is a full business account that comes with a debit card, overdraft options and cheques if you need them. You can also deposit cash in store for a 1% fee on the transaction amount.

Metro Bank business account fees

If you make a full switch to the standard Metro business bank account, you won’t pay any monthly account or transaction fees for the first year. If you don’t, or if you open another business account, these are the fees you can expect to pay:

  • Account maintenance fees. There’s no monthly fee if you keep a minimum balance in the standard account, but you’ll be charged £8 each month your balance drops under £6,000. The commercial account, community current account and insolvency practitioner account all come with no monthly fee.
  • Transaction fees. By “transaction”, Metro Bank means card payments, ATM withdrawals, direct debits and money transfers in the UK. If you keep £6,000 or more in your account, you get 30 a month of those for free; it’s £0.30 each after that, or if the balance goes below £6,000. The commercial account has its own pricing table, while the community account includes 200 free UK transactions per month (£0.30 after that).
  • Currency exchange fees. You can use your card and withdraw cash for free inside the SEPA area, which includes most European countries, but there’s a currency exchange fee in other overseas countries, plus for each ATM withdrawal.
  • Fees for money transfers abroad. SEPA transfers are £0.20 each and international payments are £25.

The foreign currency account, which can be opened only if you already have another Metro Bank business account, also has account maintenance fees that vary according to the minimum balance and to the currency you’re opening the account in. For example, in euros it costs €5 a month, which becomes €15 if you have less than €2,000 in your account. Full account and transaction fees in all available currencies are here.
Compare the fees of popular business bank accounts

Security

Your money is safe with Metro Bank. It’s a UK-licensed bank, and the Financial Services Compensation Scheme (FSCS) protects all deposits up to £120,000, as is customary with UK banks.

There’s a PIN for the card and you can access the app with either your fingerprint or a passcode.

Pros and cons

Pros

  • Physical branches
  • A wide range of account options
  • You can manage all your accounts from the same app
  • You can deposit cash into the account
  • You can use the card in Europe for free, including free cash withdrawals
  • You can link it to accounting software Xero
  • Safe and secure

Cons

  • The fee system is complicated
  • Using the card outside of Europe comes with a fee
  • No interest on your balance
  • Foreign currency accounts don't come with their own card

Customer service information for Metro Bank

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Metro Bank customer reviews

In Finder’s independent 2025 customer satisfaction survey, 70% of respondents said they would recommend Metro Bank’s business account to a friend.

The Metro Bank app has a rating of 4.8 out of 5 from around 235,000 reviews on the Apple App Store. On the Google Play Store, it has a score of 4.6 out of 5 from over 49,000 Android app users.

Over on Trustpilot, Metro Bank scores 2.4 out of 5 from more than 5,800 reviews.

These were checked in September 2026.

Our verdict

Considering the wide range of products available, chances are that you’ll find something that can work for you. Metro Bank is weaker than some digital challengers when it comes to small businesses – there isn’t a product specifically tailored for them. However, it’s also true that the regular business account can mostly work just fine.

As far as fees are concerned, Metro Bank business accounts aren’t especially expensive, but it really depends on how much you use them, how much money you keep in them and how you manage your business’s finances – which doesn’t exactly make the pricing system straightforward and user-friendly.

If you trade in more than one currency, Metro Bank’s foreign currency accounts probably aren’t the easiest or the cheapest option around. For example, you may be better off with Revolut, which offers more than 30 different currencies at the same price.

Get started by visiting Metro Bank’s website and sign up for an account. If you have read this review and decided that Metro Bank’s account is not for you, you can also compare other business bank accounts on the market.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.

Sources

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Valentina Cipriani was a writer at Finder UK. She wrote news, features and guides about banking and credit cards, helping people to improve their financial lives. She holds an MA in International Journalism. See full bio

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