Metro Bank

Metro Bank is a UK bank, operating as Metro Bank PLC under company number 06419578, with its office at One Southampton Row, London. It is regulated by the Prudential Regulation Authority and the Financial Conduct Authority.

Business accounts The bank offers a Business Bank Account and a Commercial Current Account. The commercial account is intended for companies with annual turnover above GBP 2 million and supports CHAPS, Bacs, international payments and foreign-currency management. Companies that are mostly foreign-owned are directed to the bank's Inward Investment service.

Payments and FX Payment channels named are CHAPS for high-value same-day sterling transfers and Bacs for batch payments. The international and FX functions allow larger businesses to manage currency exposure at the same bank as their sterling account.

Deposit protection Eligible deposits are covered by the Financial Services Compensation Scheme (FSCS) up to GBP 120,000, aggregated per depositor at the bank. Companies with higher balances should consider this limit when deciding how to spread funds.

Who it suits The standard account suits UK small businesses, while the commercial account suits mid-sized companies with cross-border payments. Fees and account-opening requirements are not listed here and should be confirmed with the bank.