Metro bank - new customer review

Olipro

CitySlicker wrote: »

I know I risk being a bit controversial with this question, but why is anyone banking with this bank? Their rates are not competitive and the only thing I can see being a bonus is the extended opening hours.

They just seem like the Today newspaper. It seemed revolutionary at the time, a full colour newspaper when our papers at the time only printed the front page in colour at best. People eventually realised it was a load of hype and stopped buying it until it collapsed.

I would sooner have my money work for me and be in an account where I am getting a good return.

Not controversial at all, it's pretty simple: you either want the interest rate or you want the convenience.

As it stands, the majority of high street banks/BSs that do pay interest pay a pittance anyway, but if that 5p a month means that much to you, stick with your current provider. Of course, being sensible, evidently if you want to put away meaningful savings, then if you're savvy about it, you're very unlikely to be saving with any of the high street banks, and you'll still be using *someone* for day-to-day banking.

RobertinHerts

adindas wrote: »

People are mainly interested in their overseas Spending or Cash Withdrawal, as there is no charge for it.

It is the replacement of their Nationwide Flexi Account.

ADINDAS

I've had the Nationwide Flex account as my main one for many years and was very happy with their service until the last year or so.

I've not considered Metro Bank for savings.

Nationwide has a national account number using a single sort code for all accounts, which I've found extremely useful when I moved frequently. Is Metro like this?

Baldur

RobertinHerts wrote: »

Nationwide has a national account number using a single sort code for all accounts

No it doesn't.

I have two Flex accounts, each with different Sort Codes.

RobertinHerts

Baldur wrote: »

No it doesn't.

I have two Flex accounts, each with different Sort Codes.

Sorry poor wording on my part. I should have said Branch independent Sort codes.

adindas

Well, Of course it all depends on what you need. If you are not traveling a lot, you are not living abroad with your pension (e.g. Brits living in Spain, Australia, or France), you are not doing a gap year abroad then you do not need to an a/c in Metro Bank.

Many people here are using Metro Bank as the second or even third, fourth a/c, etc. Very few will be using it as a main a/c as they already have a better a/c with higher interest rate anywhere else.
People will just put money in it when they need for overseas spending or traveling abroad like what they did in the past with NW. As simple as that.

Why bother travel to London, Why should people need to open an a/c which only have very limited branches in the UK, if they could easily find a better one very close to where they Live. There must be very good reason for that.

If people are considering as a main a/c they will definitely go for higher interest rate or excellent customer Service, close to where they live or the combination of all.

But again it all depends of what people are looking for. For normal Bank a/c you do not need A/C with Metro Bank.

ADINDAS

RobertinHerts wrote: »

I've had the Nationwide Flex account as my main one for many years and was very happy with their service until the last year or so.

I've not considered Metro Bank for savings.

Nationwide has a national account number using a single sort code for all accounts, which I've found extremely useful when I moved frequently. Is Metro like this?

RobertinHerts

adindas wrote: »

Well, Of course it all depends on what you need. If you are not traveling a lot, you are not living abroad with your pension (e.g. Brits living in Spain, Australia, or France), you are not doing a gap year abroad then you do not need to an a/c in Metro Bank.

If people are considering as a main a/c they will definitely go for higher interest rate or excellent customer Service, close to where they live or the combination of all.

But again it all depends of what people are looking for. For normal Bank a/c you do not need A/C with Metro Bank.

ADINDAS

I've recently started to travel abroad rather frequently so that aspect is a concern.

Useful having First mentioned above as their account reminded me of the £250 overdraft facility I have, I call it a buffer zone, to protect me from accidental overdrawing situations. At Nationwide I used to have to have a credit check every six months but now it's permanent.

Does Metro offer anything like this?

Being in Hertfordshire and Metro being open on Sundays I can get to it if necessary.

rb10

RobertinHerts wrote: »

Nationwide has a national account number using a single sort code for all accounts, which I've found extremely useful when I moved frequently. Is Metro like this?

Useful? How? The sort code on your account means nothing, and doesn't 'help' you in any way.

So the fact that my current account has a sort code that's for a branch about 100 miles away from where I now live makes no difference to me at all. It's only a number, nothing more.

RobertinHerts

rb10 wrote: »

Useful? How? The sort code on your account means nothing, and doesn't 'help' you in any way.

Prior to using Nationwide Flex a/c I was given a new sort code and account number when I moved home / branch, which was a pain.

Olipro

rb10 wrote: »

Useful? How? The sort code on your account means nothing, and doesn't 'help' you in any way.

So the fact that my current account has a sort code that's for a branch about 100 miles away from where I now live makes no difference to me at all. It's only a number, nothing more.

the only time it can be of any use is if you're paying in a cheque issued by someone of the same sort code as you, and even then, for some banks any cheque is considered a house cheque so long as they've issued it regardless of sort code.

rb10

RobertinHerts wrote: »

Prior to using Nationwide Flex a/c I was given a new sort code and account number when I moved home / branch, which was a pain.

That was probably back in the days of branches holding records about 'their' customers.

All bank data is now held centrally. 'Your branch' has no involvement at all in the processing of your accounts and transactions.

Today, with computers, your sort code makes no difference at all to how and where you use your account.