MSE News: Metro Bank opens its doors today

adindas

Dear Dr_Cuckoo
your info is very valuable.
Have you tried it to withdraw cash at ATM abroad. How about the exchange rate that you were getting at that time. If it is like NW you should get the Visa whole sale exchange rate at the time of withdrawal.
Here is the link of Visa Whole sale exchange rate
http://corporate.visa.com/pd/consumer_services/consumer_ex_rates.jsp
If you could let us know your finding it will be great. I am about to apply to this BS as we have here one of their branch office. I will definitely also keep you all informed my experience one I have got those card as well as using it for spending abroad.
ADINDAS

Dr_Cuckoo3 wrote: »

Dunno - but here's a photo of the debit card





Novelty value I suspect

adindas

Dear bubieyehyeh

I think you apply for the wrong current a/c e.g. cash account with Metro Bank. You should apply for standard current a/c if you want to use it mainly for spending and cash withdrawal abroad like has been done by benjus in this post

https://forums.moneysavingexpert.com/discussion/2701011

But we have learnt it from your experience.

ADINDAS

bubieyehyeh wrote: »

Just get their standard current account, which requires a credit check even if not apply for overdraft. The Cash account does not allow foreign withdrawls I was told.

adindas

Where could I find the T&C which clealy mention that Metro Banl Current A/C is as good as NW debit card before it chages ??

ADINDAS

TOP_CAT

It looks like thread is from a grumpy old peoples club.

Even the elderly would be more savy and positive,perhaps slow on there feet only.
You are either in or out for its benefits,if they suit you,watch it roll for euro transactions.
How is your fairfx £1.25p per withdrawal.:beer:

If you want free cash withdrawals on a debit card around the planet

If you are over 50 and want a free cash deposit box for a year.

Free access to above during long hours 7 days.

0203 numbers

Free toaster,brolly,cold bag, blanket and such crap but nice effort.

Will possibly reimburse you or sort you if it gets differcult or long process just ask,try.

I,ll take it,use it, dump it, if it turns.
Thats what Martin will do, thats what this site is about.

If you have two or three passports also take the one with patriality stamp for non citizens and two bills or bank statements.

Oh and the debit card is shaped like a dog biscut .
After Santanders 3rd world effort how bad can it be for you and your dingo.:rotfl:

chriskross

TOP_CAT wrote: »

It looks like thread is from a grumpy old peoples club.

...

0203 numbers
...
:

No such thing - there are only 020 numbers

TOP_CAT

Its the new london numbers with a three in them,will double check and post it when found,may have lost leaflet.
The 345 08 08 500 is 24/7 though

chriskross

TOP_CAT wrote: »

Its the new london numbers with a three in them,will double check and post it when found,may have lost leaflet.
The 345 08 08 500 is 24/7 though

I was just pointing out that there is only one code for London: 020. The number itself is the eight digits following, which may start with 7, 8 or 3 (currently - will probably expand in the future). But all London numbers are simply '020' numbers

Biggles

TOP_CAT wrote: »

Its the new london numbers with a three in them,will double check and post it when found,may have lost leaflet.
The 345 08 08 500 is 24/7 though

They aren't London numbers, they're the new non-geographic numbers, and begin 03 (in this case, 0345 0808500).

gt94sss2

Metro Bank says it will consider opening branches in all the country's major cities if the success of its first branch in central London is replicated by others to be opened in coming months. Chairman Anthony Thomson told Financial Mail that Metro could open for business in Manchester, Leeds and Birmingham within the next three years. This is the first time the bank has talked about opening up outside the M25.


'Provided we continue to enjoy strong demand for our banking services, we will look to extend the radius of our branches away from London,' he said. 'That means looking outside the M25 and also in other city centres.'

Elsewhere, they report:

The bank has never released figures for its targets, but pressed to give numbers on how many accounts had been opened at the High Holborn branch, Thomson said: 'We are talking about thousands.'


Established branches at existing banks have an average of between 5,000 and 10,000 customers each.

which struck me as quite a low number and if accurate, I can understand why other banks are closing branches..


Regards
Sunil

rb10

gt94sss2 wrote: »

[...]

Established branches at existing banks have an average of between 5,000 and 10,000 customers each.

which struck me as quite a low number and if accurate, I can understand why other banks are closing branches..

Similarly, I doubt very much that most other banks have between 5,000 and 10,000 customers per branch.

As an example, Halifax has around 20 million customers (source) and around 800 branches (source), which makes an average of 25,000 customers per branch.

However, I'd expect that all their central London branches have significantly more than this.

Edit: Actually, I see from the first link that I gave that the ratios for Lloyds TSB give just 8,500 customers per branch - this could be why Lloyds are closing branches but Halifax are still opening new ones (at least, were until the credit crunch).