Tag: metro bank

Current accounts with Metro Bank

As you would expect, Metro Bank’s most popular service is their current account provision. With a Metro Bank current account, you can govern your personal finances in store, online and over the phone. A current account is your personal bank account, one that you can withdraw money from whenever you need a bit of cash.

There is no monthly fee for using a Metro Bank current account and their accounts support MasterCard PayPass contactless debit card payments. You can also make free transaction in Europe. Legally, Europe consists of countries included in the SEPA, the Single Euro Payments Area. SEPA consists of the 28 EU member states, the European Free Association, San Marino and Monaco.

Switching to a Metro Bank current account

One of the reasons that many account holders avoid changing to another bank is all of the kerfuffle that surrounds the changing process. In order to entice customers to their service, Metro Bank aim to make the transfer process as simple as possible.

When transferring an account, Metro Bank move all current payments across to your new current account. This includes direct debits, standing orders, credits and income. If you are set to receive a payment to your non-Metro Bank account, it will be forwarded to your new account for a total of three years.

Metro Bank will match your existing overdraft limit (wherever possible) and can switch accounts over whenever you’d like, with transfers taking a certain number of working days. You can find out more about the transfer process by calling the Prove I Called Metro Bank Contact Number.

Metro Bank current account terms and conditions

There are a number of rules and regulations to consider when applying for a current account. You can only apply if you are aged 18 or over and you’re a United Kingdom resident. You do not pay credit interest on your current account and Metro Bank will do a credit check when you apply for a current account.

How do I apply for a Metro Bank current account?

To open a Metro Bank current account, visit your local branch of Metro Bank. You can find out more information by calling the Metro Bank contact number or by downloading the information package from the Metro Bank website.

Borrowing, credit cards and loans provided by Metro Bank

As you would expect, Metro Bank offer a number of different loans to customers across the country. There are a variety of ways to borrow, including credit cards and personal loans, in addition to account overdrafts and professional studies loans.

This short guide will detail the different methods of borrowing, explaining the terms and conditions, rates of interest and how you can apply for a loan when banking with Metro Bank. For more information about any type of loan provided by Metro Bank, you can call our Prove I Called Metro Bank Contact Number. Their customer service team can provide detailed information on each form of borrowing and provide support for customers hoping to apply.

Credit cards offered by Metro Bank

If you choose to apply for a Metro Bank credit card, you will receive a MasterCard PayPass card. This means it is accepted anywhere that shows the MasterCard logo, it also means you will be able to use your card for contactless payments.

There is no annual fee when using a Metro Bank credit card and transactions are free in any country in the SEPA. Statements are sent on a monthly basis. To apply for a credit card, you must be aged 18 or over and be a UK resident. You will also need a Metro Bank current account and you will be subject to a credit check.

Metro Bank’s current APR for credit cards is 13%. You must pay 5% of your balance or £20 each month, whichever number is larger. If your money owed balance is lower than £20, you pay off the balance. To apply for a credit card, visit your local branch of Metro Bank.

Overdraft payments and Metro Bank

An overdraft is an agreed on borrowing limit that allows you to withdraw money or make a payment from your current account when you have no funds in it. To set up an overdraft for your account, visit a branch of Metro Bank.

There are interest payments on instant overdrafts and agreed overdrafts. Interest is 15% Effective Annual Rate, with interest calculated daily and applied monthly. Metro Bank reserve the right to change their rates and charges.

Personal loans from Metro Bank

The personal loans offered by Metro Bank are sold with a representative 7.9% APR. The minimum loan is £2000 and maximum is £25,000. Repayment terms can be over the course of one to five years. To purchase a loan, head to a branch of Metro Bank.

Savings accounts and ISAs with Metro Bank

There are a number of different savings account to choose from should you choose to run your banking through Metro Bank. These include Instant Access Savings, Fixed Term Savings, Instant Access Cash ISAs, Fixed Rate Cash ISAs and Young Savers account.

Each account suits different needs, with a number of rules and regulations that govern the transfer of payments made into each account.

This short post will detail the difference between Instant Access, Fixed Term, ISAs and Young Savers accounts, in an attempt to make the complicated world of banking your savings a little simpler. For further information about applying for a savings account with Metro Bank, call the Prove I Called Metro Bank Contact Number.

Instant Access Metro Bank accounts

Instant Access Savings

An Instant Access Savings account gives you access to your money should you need to transfer or withdraw it. The interest for this account is 0.75% AER. Interest is paid after the basic rate of income tax is applied to your account, the rate is currently 20%.

Instant Access Cash ISA

Like the above savings account, you are able to withdraw money from this account. You are only able to subscribe to one cash ISA during a tax year and there is a limit on the amount you can pay into your ISA. This limit is not affected by withdrawals. The current limit is £15,240. ISA interest is free from income and capital gains tax. The current Metro Bank rate of interest is 1.25% AER.

Fixed Rate Metro Bank accounts

Fixed Term Savings

A fixed term account ties up your deposit for an agreed amount of time, either 3 months, 6 months, 12 months, 18 months or 3 years. During this time, you will receive a fixed amount of interest, the rate will not change during your term.

The rate of interest you receive is based on the length of the term you choose, with higher rates available to customers that tie their funds up for a longer period of time.

Fixed Rate Cash ISA

A fixed rate ISA works as a savings account does, though you will not pay any income tax on your savings. The maximum amount you can place in a cash ISA is £15,240. The deposit you place in the ISA is made as one lump sum.

Young Savers Metro Bank accounts

This is a savers account for your children, with different options based on the age of your children, the differences are between 10 and under and 11-21. There are a number of different regulations that affect payments made to children’s bank accounts, you can find out more by calling Metro Bank.

Business accounts provided by Metro Bank

For businesses hoping to open an account, Metro Bank have you covered. A business account with Metro Bank includes a series of benefits, such as a company credit card, loans for businesses and investment services. This short post covers the account, card and loans offered by Metro Bank.

For further information on the forms of commercial banking and investment plans offered by Metro Bank, call the Prove I Called Metro Bank Contact Number. Their customer service team will be able to explain the areas not covered by this guide. They can also assist with any issue you may have had with your business account, or offer advice on setting up a Metro Bank business account.

Metro Bank business bank accounts

If your business’ turnover does not exceed £2 million, you may be able to open a business account with Metro Bank. The account is designed for start-ups and established companies alike, with 24 hour telephone banking as standard.

You will also be able to make use of Metro Bank’s 8am to 8pm, 7 days a week branch opening times and Local Business Manager, specifically assigned as part of your account contract. The account opening process is fast, with cheque books and cards printed as you wait in the branch.

If you hold a Metro Bank business account, you must pay a monthly maintenance fee, transaction charges and service charges. Metro Bank provide free internet banking, with a monthly subscription to their premium banking service, Business Online Plus, available to account holders.

Company credit cards from Metro Bank

When making payments for items your business needs or paying for the meal that will wow those important clients, a company credit card can be used to easily keep your finances in check. Metro Bank offer a company credit card with 13% APR interest and 60 days interest free if all your debts are paid in time.

The minimum monthly payment towards your account is either 5% of your owed balance or £20, whichever number is higher. You need a Metro Bank business account to apply for a company credit card.

Small and large business loans from Metro Bank

Metro Bank offer two forms of business loan. Small business loans range from £2000 to £25,000, with a fixed interest rate and variety of terms available for your business. Repayments are made on a monthly basis, with a typical 10% APR.

Business loans, unlike small business loans, allow you to borrow over £25,000. There are a wide range of options available to suit various situations. You can select the length of repayment, varying from 12 months to 15 years, and can choose between fixed and variable rates, based on the length of repayment you select.

All applications for accounts, loans and credit cards are handled in-house by Metro Bank; you will need to visit a branch to apply.

Metro Bank contact number – 0843 504 0095

Who are Metro Bank?

Metro Bank is Britain's first new High Street Bank in over 100 years. Metro bank’s main focus is providing first class customer service to their clients in all banking needs. Metro bank differs from others as they concentrate on creating a very easy, user friendly banking experience.

In addition there is a wide variety of Deposit Accounts, Borrowing, and Commercial banking accounts. Metro Bank also offers Safety Deposit Boxes to store your valuable belongings. They are stored in the vault, and you can access them anytime during store hours.

In addition to the aforementioned services, Metro Bank provide many Cash Management Services such as UK payments, international payments, liquidity management and an online business banking service.

There are several business banking accounts offered to tailor your specific business banking needs, such as business bank accounts, clubs, societies, and charities accounts and commercial bank accounts.

What can I get help with when I call the Metro Bank contact number?

Phoning the Metro Bank contact number through our dedicated Prove I Called number may help you further down the line, if you need to escalate a complaint. You may wish to call Metro Bank because of an issue with your current account or confusion over the rules and regulations that govern cash ISAs.

Metro Bank’s customer service team can also assist with any business account issue that you may have had, including problems with your business credit card, overdraft or a loan you have received from Metro Bank.

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Metro Bank phoneline opening hours

Lines are open 24 hours a day, 7 days a week

Company address & email

One Southampton Row

Social Media accounts

Twitter: @Metro_Bank
LinkedIn: Metro Bank (UK)
YouTube: Metro Bank