Metro Bank

Metro Bank became Britain's first new High Street bank in over 100 years when it launched in 2010. It is listed on the London Stock Exchange and is part of the FTSE 250 Index.

Metro Bank prides itself on its customer service, with branches open until late, 7 days a week. It also offers a full range of banking products, including savings and current accounts, credit cards, mortgages and personal loans.

Metro Bank
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Gold ribbon: first place

Bank accounts

Ranked 14th of 30 providers reviewed.

Customer happiness score 64.72%
Customer trust score 61.96%
Complaints performance 59%
Transparency rating 76.31%
Fairer Finance score
Reviewed Autumn 2023
66%

Credit cards

Ranked 28th of 34 providers reviewed.

Customer happiness score 54.17%
Customer trust score 41.67%
Complaints performance 59.14%
Transparency rating 64.27%
Fairer Finance score
Reviewed Autumn 2023
55%

Savings Accounts

Ranked 36th of 53 providers reviewed.

Customer happiness score 58.85%
Customer trust score 55.73%
Complaints performance 59%
Transparency rating 76.54%
Fairer Finance score
Reviewed Autumn 2023
63%

Bank accounts

Basic bank accounts

Metro Bank

Cash Account

4 stars
Cash withdrawal fee in UK (own bank) i £0.00
Annual fee i £0.00
Part of FSCS i
Bankers draft/cheque fee i Not available
Unpaid transaction fee i
Faster Payment limit i £10,000.00
Maximum cash machine withdrawal per day i £300.00
Can you use your card to pay for items overseas? i

Current accounts

Metro Bank

Current Account

2 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £300.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

Metro Bank

Current Account (inside Europe)

5 stars
Foreign cash withdrawal fee i 0%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 0%
Is there a limit on free cash withdrawals? i Unlimited

Metro Bank

Current Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Overdrafts

Metro Bank

Current Account

3 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 34%

Business Credit Cards

Everyday Business Credit Cards

Metro Bank

Business Credit Card Mastercard

4 stars
Representative APR i 18.9%
Annual fee in first year i £0.00
Using card in Europe charge i 0%
Using card worldwide charge i 2.99%

Foreign Use Business Credit Cards

Metro Bank

Business Credit Card Mastercard

4 stars
Using card in Europe charge i 0%
Using card worldwide charge i 2.99%
Annual fee in first year i £0.00
Representative APR i 18.9%
Rewards i

Children's Accounts

Children's Bank Accounts

Metro Bank

Cash account

Minimum Age i 11
Interest Rate (AER) First Tier i
Maximum Balance First Tier of Interest Covers i
Maximum Age i 18
Interest Rate (AER) Second Tier i
Maximum Balance Second Tier of Interest Covers i
Interest Rate (AER) Third Tier i
Maximum Balance Third Tier of Interest Covers i
Maximum Cash Withdrawal i £300.00
Ability to freeze or report a card lost via app? i
Rewards i
Additional information i
Cash Transaction Fee i 0%
Cash Withdrawal Fee i £0.00
Card Delivery Fee i £0.00
Replacement Card Fee i £0.00
Foreign Cash Withdrawal Fee i (No Fee but only available on ATMs with the 'Link' logo.)
Foreign Transaction Fee i

Children's Savings Accounts

Metro Bank

Young Savers Account

Account Type i Easy Access
Interest Rate (AER) i 1.65%
Minimum Opening Balance i £1.00
Maximum Balance i £2,000,000.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 21
Withdrawal Penalty i For individuals under the age of 16, the maximum withdrawal limit is £100 per day. However, for individuals over the age of 16, withdrawals exceeding £1,000 require one banking day's notice.
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Credit cards

Foreign use credit cards

Metro Bank

Credit Card (in Europe)

5 stars
Foreign purchase fee i 0%
Foreign withdrawal fee i 0%
Representative APR i 18.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.453%

Metro Bank

Credit Card (outside Europe)

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 18.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.453%

Savings Accounts

Easy Access Accounts

Metro Bank

Instant Access Savings Account

Interest Rate (AER) i 1.65%
Balance Tiers i 1.65% from £1
Minimum Opening Balance i £0.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

Metro Bank

1 Year Fixed Rate Cash ISA

Interest Rate (AER) i 3.9%
Minimum Opening Balance i £0.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 180 days interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

2 Year Fixed Rate ISAs

Metro Bank

2 Year Fixed Rate Cash ISA

Interest Rate (AER) i 3.5%
Minimum Opening Balance i £0.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 180 days interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

3 Year Fixed Rate ISAs

Metro Bank

3 Year Fixed Rate Cash ISA

Interest Rate (AER) i 3%
Minimum Opening Balance i £0.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 180 days interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

5 Year Fixed Rate ISAs

Metro Bank

5 Year Fixed Rate Cash ISA

Interest Rate (AER) i 3%
Minimum Opening Balance i £0.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 180 days interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Easy Access ISAs

Metro Bank

Instant Access Cash ISA

Interest Rate (AER) i 1.65%
Minimum Opening Balance i £0.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i