Switch your Business Bank Account to Metro Bank

Yes, so long as you have an annual turnover that does not exceed £6.5 million and you employ fewer than 50 people. If you are a small trust with a net asset value of less than £6.5 million you can also use the service. If you are still unsure whether you qualify, speak to us.

No, we can’t switch savings accounts or ISAs.

Yes. You will need to agree any overdraft facilities you require with us. Alternatively we may be able to provide facilities to help you pay off any existing overdraft you may have, subject to their normal lending criteria. If you do not come to an agreement with your new bank you must make separate arrangements to repay your existing overdraft before you switch.

Yes, all banks and building societies that display the Current Account Switch Guarantee Trustmark will follow the same switching process and must offer the same guarantees. There are over 40 participating banks and building societies in the UK and you can see them here.

If your old or new bank is not signed up with us, then you won't be able to use the Current Account Switch Service. You should talk to us to find out how to switch your account.

As a participant of the Current Account Switch Service, we guarantee your switching process. Pay.UK, the home of Bacs Payments, Faster Payments and Cheque Payments, manage and oversee the service.

Yes, you can choose and agree a switch date with us. Just make sure you allow seven working days for the switch to take place and that your chosen date isn't a Saturday, Sunday or Bank Holiday.

Account opening and account switching are separate processes. Metro Bank has to carry out 'know your customer’ security checks as part of their account opening process. Once these are complete to the satisfaction of Metro Bank, you can choose and agree your switch date.

Once you have applied for and opened your new account, you can choose the switch date to suit you. The date of your switch must be at least seven working days from this point.

No. The Current Account Switch Service will take care of all payment arrangements at your old bank up until 7 working days before your agreed switch date. If you want to set up new payment arrangements during the 7 working day period leading up to your switch date you must do this on your new account.

If you use the Current Account Switch Service to switch, your old bank will close your old account. This ensures that any payments made to your old account are automatically redirected to your new account.

If you would like to keep your old account open then you are free to do so, but you won’t be able to use the Current Account Switch Service to do this, and you will not be covered by the Guarantee. Speak to your bank and they can help explain your options.

All incoming and outgoing payments will be automatically redirected to your new account. Each time a payment is redirected, an automatic message is sent back to the originator advising them of your new account details so they can update their records. Some organisations may contact you directly to confirm your details have changed. If you do not want your new details to be given to someone who sends a one-off payment, contact us.

You will be able to access the funds in your old account up to and until your switch date, when they will be transferred to your new account.

Yes, if the new account is open and you have money in it (or an overdraft agreed) then you can use it.

The Current Account Switch Service will not interfere with this process and any debit card or Direct Debit transactions that you have asked your bank to stop should remain stopped after your switch.

Any refunds which are applied to your old debit card after switching your account will be sent to Metro Bank. If you are expecting a refund and have not received it, please contact us.

You can cancel your switch up to seven working days before your switch date. If you do want to cancel, speak to us, we will guide you through this process.

If the details you provide to Metro Bank do not match those held by your old bank you may be asked to contact your old bank and update them. Examples include if you have got married and not changed your maiden name to your married name, or if you have moved house and not told your old bank your new address. When you are updating your details with your old bank you do not have to tell them that you will be switching to a new bank.

Yes, you need to update them, but you do not need to tell your bank that you are switching to a new bank. Examples include if you have changed your address and not told your old bank.

Unfortunately, you’ll no longer be able to use these services and any payments you have set up through them will end. If you’re not sure whether you have any third-party authorisations set up on your old account, check with your old bank before you close the account.

Your transaction history on your old account won’t be transferred through the Current Account Switch Service. If you’d like your old statements get in touch with your old bank.​​

In the unlikely event that there are any issues in starting the switch, we will inform you before your switch date. If anything goes wrong, the Current Account Switch Service will ensure that any charges or interest incurred on your old and/or new account as a result of the error will be refunded. It is for Metro Bank to decide whether you receive compensation above and beyond the refund.

When you open a new current account, Metro Bank may run a credit score which could affect your credit rating. The credit scoring impact of opening a new account can last for up to six months. Opening multiple accounts within a six-month period will mean it will take longer for your credit score to return to normal. 

When using the Current Account Switch Service for a full switch, your original account will be closed which can in turn result in a positive contribution to your credit score and in the unlikely event that during a switch you encounter any problems with payments (such as standing order or direct debits), Metro Bank will correct them and ensure your credit rating is not affected.  

Yes, any payments made to your old account will automatically be redirected to your new account. Each time a payment is redirected, an automatic message is sent back to the originator advising them of your new account details so they can update their records. Some organisations may contact you directly to confirm your details have changed. Let us know if you do not want us to provide your details to anyone.