Protect your short-term cash flow with an overdraft. Come into a store to talk through the options of a flexible arranged overdraft
Our fees are upfront – you’ll know your rate and your arrangement fee
You’ll only ever be charged for what you’ve borrowed
We’ll review your account annually to make sure your overdraft is working the way you need it to
Minimum limit | Interest rate | Arrangement fee |
---|---|---|
None | 10% EAR | 1.75% or £50, whichever is greater |
Overdraft | Interest |
---|---|
Agreed overdraft | 10% EAR variable |
Unarranged overdraft | 25% EAR typical variable |
These are our arrangement fees:
Overdraft | Arrangement fee |
---|---|
Arranged overdraft up to £25,000 | 1.75% or £50 (whichever is greater) |
Arranged overdraft over £25,000 | 1.25% of its limit |
There may be additional charges for unarranged overdrafts.
We review your Business Overdraft – usually annually – and may charge renewal fees.
We usually need a personal guarantee from you, and may also ask you for other forms of security. We reserve the right to withdraw an overdraft at any time.
Your property may be repossessed if you do not keep up repayments on an overdraft that your home is securing
You can apply for an overdraft if you have our Business Bank Account.
Business overdrafts can be useful for managing your short-term cash flow. You can arrange an overdraft in store with your Local Business Manager.
We’ll carry out a credit check and make a decision depending on your financial status.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a loan or other debt secured on it.
See what you need to open a business account
Arranged overdrafts up to £25,000 have a variable interest rate of 10% EAR. This rate may be varied from time to time on giving you not less than two month’s written notice
For overdrafts over £25,000, we’ll agree either a fixed or variable margin with you that’s above the Metro Bank Base Rate.
Interest will be calculated daily on your account and applied monthly. The amount of interest payable and when it will be charged will be shown on your monthly statement.
EAR stands for equivalent annual rate. It shows the rate you’d pay if you remained overdrawn for a year. It takes into account the interest rate you’re charged when you go overdrawn, how often it’s charged and the effect of compounding – charging interest on interest – on your debt. Interest is calculated daily and charged monthly. Your monthly statement will show how much interest you’ll pay and when. Charges for unarranged overdrafts or for going over your agreed overdraft will be shown separately.
Minimum limit | Interest rate | Arrangement fee |
---|---|---|
None | Tailored | Tailored |
We usually need a personal guarantee from you, and may also ask you for other forms of security. We can withdraw an overdraft at any time.
Your property may be repossessed if you do not keep up repayments on an overdraft that your home is securing
You can apply for an overdraft if you have our Commercial Current Account.
Commercial overdrafts can be useful for managing your short-term cash flow. You can arrange an overdraft in store with your Relationship Manager. We’ll carry out a credit check and make a decision depending on your financial status.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a loan or other debt secured on it.
See what you need to open a commercial account
All our interest rates for Commercial Overdrafts are tailored to suit your needs.
Download our PDF to read when you like – it contains all the ins and outs of our Business Bank Account and overdrafts.
Business Bank Account Overdraft Details (PDF) (190KB)
Business Bank Account Details (PDF) (275KB)
Our Service Relationship with Business Customers (PDF) (1.1MB)
Download our PDF to read when you like – it contains all the ins and outs of our Commercial Current Account and overdrafts.
Commercial Current Account Details (PDF) (862KB)
Our Service Relationship with Business Customers (PDF) (1.1MB)
Pop in store and talk to your Local Business Manager. Arrangement fees on Business overdrafts over £25,000 are agreed on application.
Yes. If your business overdraft is more than £25,000 we’ll agree a fixed margin over the Metro Bank Base Rate with you.
Metro Bank 24/7. Check balances, make payments, see transactions and open new accounts any time - all with internet banking.
Control your money on the move with our mobile banking app. Check balances, move money, make payments and more wherever you are.
A friendly face and a quick answer. And all the usual payment services too. We're open 362 days a year.
Talk to a real person in our UK contact centre. We’ve temporarily changed our opening hours – click the button below to check when we're available.
With loan terms from 1 to 5 years, you can choose the loan that’s right for your business. And for loans under £25,000 there’s a fixed rate and no arrangement fee.
Get one low rate and free European card transactions – plus no annual fee.
Choose the right finance option to nurture and expand your business.
Opening a business account with us is straightforward and hassle-free especially when you're prepared.