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Metro bank

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Hi

I posted yesterday about trying to get an account for a ltd company. I have a fair credit rating. I have been declined by HSBC. my business partner is in OZ.

I have found this account with metro bank. It is a deposit account. Would I be able to use this like a bank account?

https://www.metrobankonline.co.uk/Commercial/Deposit-Accounts/Business-Instant-Access-Deposit-Account/

Comments

  • Plxply
    Plxply Posts: 594 Forumite
    This is the most relevant part from their terms and conditions:
    • Receive electronic payments (CHAPS, BACS, faster payments, SWIFT, standing orders and internal transfers).
    • Pay in cash and cheques.
    • Withdraw cash in-store or transfer it to another Metro Bank account.

    It seems that you will only be able to withdraw from their branches so you won't have any kind of ATM access.
  • pmduk
    pmduk Posts: 10,682 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Have you considered asking on the small business forum?

    They may have more knowledge on this area.
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