Metro Bank vs Barclays for business banking

Updated on 7 August 2023

Choosing a bank for your business is no small task. Two contenders that UK businesses might consider are Metro Bank vs Barclays. Both banks are well-regarded and offer a range of services tailored for businesses. This article compares these two banking giants to help UK business owners understand what each bank offers and make an informed decision.

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Metro Bank vs Barclays

FeaturesMetro BankBarclays
Online bankingComprehensive online banking platformFull-featured online banking
Mobile appAward-winning app with features like mobile cheque depositAdvanced app with features like transaction categorisation
Business loansVarious loans available including government-backed loansWide range of loans, including unsecured and secured options
Overdraft facilityCustomised limits subject to approvalCustomised limits subject to approval
Credit cardsBusiness credit cards available with cashbackBusiness and corporate credit cards available
Asset financeVarious asset finance solutions availableComprehensive asset finance options
International paymentsSupported, fees from £5Supported, fees from £15
FX servicesFX services available with competitive ratesFX services available, includes hedging options
Cash handling0.70% charge for cash payments in/out0.90% charge for cash payments in/out
Invoice financeInvoice finance services availableWide range of invoice finance options
Business insuranceComprehensive range of business insurance optionsExtensive range of business insurance options
Business savings accountRange of business savings account optionsVarious business savings account options
24/7 customer support24/7 UK-based customer serviceCustomer service available during business hours
Free business banking period12 months free, then £5 per month12 months free for start-ups, then £6 per month
Business advisory servicesAdvisory services and workshops availableAdvisory services and sector-specific support
Business seminars/workshopsRegular seminars and workshopsLimited availability
Cashback on card purchasesAvailable on business credit and debit cardsNot available
Dedicated relationship managerAvailable for eligible businessesAvailable for eligible businesses
UK-based customer serviceAll customer service UK-basedMain customer service UK-based
Personalised card designsAvailable for business cardsNot available
Metro Bank vs Barclays

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Revolut Business
✓ Business Current Account
✓ Award-Winning Mobile App
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Tide Business Bank Accounts
✓ Free, Plus, or Pro Account
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Card One Money
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ANNA Money
✓ Apply In 10 Minutes
✓ Bookkeeping & Payroll Tools
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HSBC Business Banking
✓ Business Current Account
✓ In-Branch, Online & App Banking
✓ FSCS Protected
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Metro Business Banking
✓ Business Current Account
✓ High Street Presence
✓ FSCS Protected
Pricing Trial period Contact

Mettle Business Banking
✓ Business Bank Account
✓ Online & App
✓ Quick & Easy Application Process
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Monzo Business Banking
✓ Business Current Account
✓ Dedicated mobile app experience
✓ FSCS Protected
Pricing Trial period Contact

Virgin Money
✓ Business M Account
✓ In-Store, Online & App Banking
✓ Insights & Forecasting Platform
Pricing Trial period Contact

Metro Bank

Metro Bank, a relative newcomer to the banking scene, is celebrated for its innovative approach to banking services. As a challenger bank, Metro Bank is pushing the boundaries of what traditional banking looks like for UK businesses.

Pros and cons


  • Extended Opening Hours: Metro Bank branches have extended opening hours, including weekends, which is a rarity among banks.
  • Exceptional Customer Service: The bank has a reputation for strong customer service and has a UK-based call center.
  • Innovative Mobile App: Metro Bank’s mobile app comes with a wide range of useful features including block/unblock cards, mobile cheque deposit, and budgeting tools.
  • Local Business Managers: Metro Bank offers each business client a local business manager to handle their account.


  • Limited Branch Network: Metro Bank’s physical branch network is not as extensive as some other banks.
  • Young Institution: Being a relatively new bank, it lacks the extensive history and reputation of established banks like Barclays.

Fees and charges

ServiceMetro Bank Fee
Monthly account fee£5 (Free for the first 12 months)
Electronic payments (UK)Free
Cash payments in/out0.70% of the cash value
Cheques payments in/out£0.70 per cheque
International paymentsFrom £5
Metro Bank fees and charges

Unique and standout features

Metro Bank stands out for its strong focus on customer service, accessibility, and a modern banking experience.

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Their branches open 7 days a week, which is quite unique in the banking sector.

They also offer an innovative mobile banking application with features like mobile cheque deposits and instant block/unblock of cards.

Metro Bank’s business banking also includes a cashback rewards program for debit and credit card purchases.

Furthermore, businesses get the benefit of a dedicated Local Business Manager, who helps tailor Metro Bank’s services to suit the business needs.


Barclays is a stalwart of the UK banking industry. It offers a wealth of services for businesses, backed by over three centuries of banking experience and a solid reputation.

Pros and cons


  • Extensive Services: Barclays offers a wide range of business services, including loans, asset finance, and insurance.
  • Strong Global Presence: Barclays has a strong international presence, which is beneficial for businesses with global operations.
  • Wealth of Experience: Barclays has centuries of experience and a solid reputation in banking.
  • Excellent Online and Mobile Banking: Barclays offers robust online and mobile banking platforms.


  • Limited Customer Service Hours: Unlike Metro Bank, Barclays does not offer 24/7 customer service.
  • Fewer Innovative Features: Compared to Metro Bank, Barclays offers fewer innovative features.

Fees and charges

ServiceBarclays Fee
Monthly account fee£6
Electronic payments (UK)£0.35 per payment
Cash payments in/out0.90% of the cash value
Cheques payments in/out£0.65 per cheque
International paymentsFrom £15
Barclays fees and charges

Unique and standout features

Barclays stands out for its comprehensive range of services and robust global presence.

They offer a variety of sector-specific support, such as unique products for the agricultural sector and bespoke services for tech and digital businesses.

Barclays also offers access to a network of business mentors through their ‘Eagle Labs’ and ‘Barclays Local Insights’ provides valuable data about your business area.

Conclusion – Metro Bank vs Barclays

Choosing between Metro Bank and Barclays largely depends on your business needs.

If you value an innovative approach, extended service hours, and a highly-rated mobile app, Metro Bank could be the ideal choice.

However, if your business requires a broad range of services, an international presence, and the backing of a bank with centuries of experience, Barclays may be a better fit.

It’s important to weigh up the different features, fees, and unique aspects each bank offers when making your decision.


Does Metro Bank offer free business banking?

Yes, Metro Bank offers free business banking for the first 12 months. After this period, a monthly account fee applies.

Does Barclays offer a free business banking period?

Barclays offers a start-up package that includes 12 months of free business banking for new businesses.

Do both banks offer dedicated relationship managers?

Yes, both banks provide dedicated relationship managers for eligible businesses.

What are the unique features of Metro Bank?

Unique features of Metro Bank include extended opening hours, a cashback rewards program, and a highly-rated mobile app with features like mobile cheque deposits.

What are the unique features of Barclays?

Unique features of Barclays include sector-specific support, access to a network of business mentors, and robust international banking services.

Which bank has lower fees?

Both banks have different fee structures. Comparing the fees for your specific banking needs will provide a clearer picture of which bank is more cost-effective.

Are the mobile apps of both banks available on iOS and Android?

Yes, both Metro Bank and Barclays offer mobile apps on iOS and Android platforms.

Which bank offers 24/7 customer support?

Metro Bank offers 24/7 customer support, whereas Barclays does not.

Do both banks offer online and mobile banking?

Yes, both Metro Bank and Barclays offer robust online and mobile banking platforms.

Which bank is better for international businesses?

Barclays, with its strong international presence and global services, might be a better fit for businesses with international operations.

Reviewed by , Managing Director

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