Metro Bank current accounts for January 2021

Take care of all your banking needs with one easy-to-use account and no monthly fee.

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A current account with Metro Bank can be opened either in-store or online with no need for an appointment. It offers a range of benefits, including free transactions in Europe and guaranteed switching in 7 days.

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Types of current accounts from Metro Bank

Metro Bank’s current accounts come in two forms: the current account and the cash account. Both offer a range of tantalising features.

  • Current account

    The eye-catching feature of Metro Bank’s main current account is that it doesn’t charge for use in Europe. You can set up the account in-store or online, it’s up to you. Also, with the Current Account Switch Service, you’re guaranteed a 7-day switch, including direct debits and standing orders.

  • Cash account

    Metro Bank also offers a simplified version of their current account for those wanting to keep things super straightforward. It’s similar to the current account in that it can be opened instantly and offers contactless payment. The big difference is that it doesn’t provide an overdraft or Direct Debit payments. The cash account also has some restrictions on overseas use and transactions. It can’t be used outside of the United Kingdom, aside from places where the Link logo is displayed on a cash machine.

  • Children’s account

    Metro bank does not really have any accounts meant exclusively for children. However, it does offer two types of accounts that can be opened by under 18s. Cash accounts and an easy-access savings account. Your kid can get both these accounts and enjoy the full “grown-up” banking experience, learning both how to deal with day-to-day spending and with savings. Learn more about these children accounts offered by Metro Bank.

The benefits of banking with Metro Bank

  • Perks. No charges for use in Europe, zero monthly fees, contactless payment.
  • Multiple ways to bank. You can manage your account both in a high street branch and online.
  • Mobile banking. Metro Bank has an app that allows you to see all your accounts in one place, including the ones you have with other banks.
  • Global acceptance. If you bank with Metro Bank you’ll get either a Visa or a Mastercard, so you really don’t have to worry about card acceptance, no matter where you are in the world.
  • Round the clock assistance. If you lose your card, or if it’s stolen, you can call Metro Bank 24/7 to get assistance.

Opening an account with Metro Bank

To open an account with Metro Bank, simply go into a branch or apply online. If you’re aged 18 and are a UK, EEA or Swiss citizen not in full-time education, you’ll only need a small amount of information. You’ll need proof of your identity and up to two documents for proof of address.

You can open an account with Metro Bank online or in person at a high street branch.

Why should I compare current accounts anyway?

In one way or the other, you use your current account every day, often multiple times a day. When you buy your morning coffee, when you plan a holiday, when you pay the rent, when it’s finally payday… the list is endless. It’s a basic financial product, but it’s a very important one, so you should really find something that’s tailored to your needs.

Also, competition between banks is quite harsh these days, because current accounts are the most basic way they acquire new customers. They often try to attract them with nice rewards or conspicuous switching incentives, so it’s really worth taking a look at what’s around.

What about digital banking?

If you’re not fussed about high street branches and prefer to deal with your banking online, you may want to look into challenger banks. Monzo, Starling and their competitors are all about signing up for a current account in a few minutes instead of days and offering the customers fee-free accounts that come with great mobile apps. Head to our digital banking hub to learn more.

Our verdict

The unique selling point of this account is that there are no charges for spending or cash withdrawals. It’s rare to find this. If this is something that might help you out, a Metro Bank current account could suit you.

Frequently asked questions

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