Mettle Business Bank Accounts

A digital business account by NatWest
Designed for small businesses and sole traders
Provided by Prepay Solutions

See deal Browse Mettle Business Bank Accounts FAQs

Compare Mettle Business Bank Accounts

Mettle by NatWest
- Monthly Fee
  Free
- Card Purchases
  Free
- Bank Transfers
  Free
- Overdraft
- Access
  App only
See Deal + More info
Product Features
- Apply in minutes
- Create, track and send invoices from your app
- Sync with Xero and FreeAgent. Seamlessly connect to accounting software. Plus, get FreeAgent for free
Eligibility Criteria
- For sole traders or limited companies with up to two owners
- Maximum balance of £100k for limited companies and £50k for sole traders
- For UK-based companies with owners that are UK residents
See Deal

Compare products from other providers

Tide
- Monthly Fee
  Free
- Card Purchases
  Free
- Bank Transfers
  20p
- Overdraft
- Access
  App/Online
See Deal + More info
Product Features
- Contactless MasterCard - with unlimited free purchases in any currency
- Instant invoicing directly from your Tide app
- Add up to 35 team card for FREE
Eligibility Criteria
- For registered business account: you must be registered with UK Companies House as a director of that company or partnership
- For sole trader account: you must be a UK based sole trader/freelancer
- For all accounts: you must be aged 18+, have a valid UK phone number and address, and hold compatible device registered to a UK App or Google Play store
See Deal
ANNA Money £0 a month
- Monthly Fee
  Free
- Card Purchases
  Free
- Bank Transfers
  Free
- Overdraft
- Access
  App only
See Deal + More info
Product Features
- Business account and tax app for your small business
- This plan has monthly limits of £500 income, £5,000 maximum balance, 2 UK transfers (in or out) and £100 ATM withdrawals
- Instant Invoicing, Receipt Scanner, Automated Bookkeeping, Business expense cards for employees, virtual debit cards
Eligibility Criteria
- You can open an account if you are a Sole Trader, Director of a Limited Company (and listed on Companies House), or a Partner in a Limited Liability Partnership
- Your business should be located within the UK and you also need to have a UK residential address
- Not available to charities
See Deal
ANNA Money £4.90 a month
- Monthly Fee
  £4.90
- Card Purchases
  Free
- Bank Transfers
  Free
- Overdraft
- Access
  App only
See Deal + More info
Product Features
- Business account and tax app for your small business
- This plan has monthly limits of £500-£2,000 income, £25,000 maximum balance, 4 UK transfers (in or out) and £300 ATM withdrawals
- Instant Invoicing, Receipt Scanner, Automated Bookkeeping, Business expense cards for employees, virtual debit cards
Eligibility Criteria
- You can open an account if you are a Sole Trader, Director of a Limited Company (and listed on Companies House), or a Partner in a Limited Liability Partnership
- Your business should be located within the UK and you also need to have a UK residential address
- Not available to charities
See Deal
Offer
6 months free No transaction or transfer charges. Use promo code WALLET1 during app set up.

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It's always nice to know you're on the right track. Over the years, as we have striven to improve the services we provide to our clients and users, we have been pleased to receive recognition for our efforts from both industry and consumer bodies.

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Published on 30 June 2020. Last updated on 09 November 2020.

Mettle Business Bank Account FAQ

Who is Mettle?

Mettle is an e-money business bank account by NatWest that is provided by Prepay Solutions (PPS), a trading name of Prepay Technologies. Work on the digital banking app started back in 2017 and it officially launched to customers in Autumn 2019, with the aim of helping small business owners to manage their finances more effectively.

What features does a Mettle business account offer?

A Mettle business account comes with the features and services you would expect from a digital banking app. For example, you can schedule payments, set up direct debits, receive payments, create and send customised invoices, add copies of receipts, categorise transactions, set up payment notifications, and get an overview of your cash flow. Mettle can also integrate with some accounting software to help business owners with their bookkeeping.

All Mettle accounts come with a prepaid Mastercard, which you can lock and unlock directly from the app.

Who can apply for a Mettle business account?

Mettle accounts are available to UK-based small businesses and sole traders, including freelancers and contractors.

At the time of writing, to be eligible for a Mettle business account, limited companies should have up to two owners and a balance of less than £100,000, while sole traders should have a balance of less than £50,000.

How do I apply for a Mettle business account?

You can apply for a Mettle business account by selecting their product from our comparison table. You will be taken to their site where you can start your application, giving further details on you and your business. To open an account, you will also need to show some form of ID, such as a passport or a driving licence.

Is a Mettle account the same as a NatWest account?

No, it’s not. Although Mettle was launched by NatWest, Mettle is a standalone account that operates completely separately to the high-street bank.

Can Mettle be my main business bank account?

Yes. You can choose to use your Mettle account to manage all of your business finances or, alternatively, you can use it alongside another bank account.

Does a Mettle business account have any fees or limits?

At the moment, Mettle business accounts are free and don’t come with any added costs. However, there are certain limits on the balance you can have in your account, as well as limits on card transactions and cash withdrawals.

Is Mettle a bank?

No, Mettle is a digital business account. It is not a bank so it doesn’t offer credit facilities or other services.

Can Mettle provide my business with credit?

No, because Mettle is an e-money account and not a bank, they do not offer any credit functions such as overdrafts or loans.

Is a Mettle business account safe?

Because Mettle is not a bank, your deposits are not protected by the Financial Services Compensation Scheme (FSCS). However, Mettle complies with all the FCA safeguarding requirements and places customer funds into a separate client account, which will be protected from creditors should Mettle go into administration.

Services offered by this provider may change over time. Always check Ts&Cs.

Mettle Business Bank Accounts

Compare Mettle Business Bank Accounts

Mettle by NatWest

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Tide

ANNA Money £0 a month

ANNA Money £4.90 a month

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Mettle Business Bank Account FAQ