Is Lloyds Bank or Metro Bank better for your small business?
Below we look at both Lloyds Bank and Metro Bank reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Lloyds Bank vs Metro Bank Trustpilot Reviews
| Lloyds Bank | Metro Bank | |
| Trustpilot Review Score (out of 5) | 1.7 | 2 |
| Percent 5-Star Reviews | 13% | 45% |
| Percent 1- Star Reviews | 79% | 48% |
| Total Number of Reviews | 4,311 | 4,764 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/www.metrobankonline.co.uk
Lloyds Bank vs Metro Bank App Reviews
| Lloyds Bank | Metro Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 1,900,000 | 182,900 |
| Android Review Score (out of 5) | 4.6 | 4.6 |
| Number of Android Reviews | 317,000 | 41,500 |
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://apps.apple.com/gb/app/metro-bank/id1175525592
Lloyds Bank vs Metro Bank Account Fees & Charges
| Lloyds Bank | Metro Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 12 Months |
| Cheapest Monthly Account Fee | £8.50 | Free |
| Most Expensive Monthly Account Fee | £8.50 | £6.00 |
| Electronic Payment Cost (in/out) | Free / 20p | 30p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 1.00% |
| Cheques (in/out) | 85p per cheque | 30p |
| CHAPS Payments Cost | £30 | £25 |
| SEPA Payments Cost | £5 | 20p |
Lloyds Bank vs Metro Bank Business Savings Rates
| Lloyds Bank | Metro Bank | |
| Types of Business Savings Accounts | Fixed Term Deposit, Instant access account, Notice accounts | Instant access, Fixed term |
| Lowest Savings Rate (AER) | 1.31% | 1.10% |
| Maximum Savings Rate (AER) | 4.37% | 4.41% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Lloyds Bank vs Metro Bank Account Opening Times
| Lloyds Bank | Metro Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 1 day |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Lloyds Bank vs Metro Bank Features & Account Types
| Lloyds Bank | Metro Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide | Limited locations in England & Wales only |
Lloyds Bank vs Metro Bank Customer Support Options
| Lloyds Bank | Metro Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | Yes |
Lloyds Bank vs Metro Bank Foreign Currency Accounts
| Lloyds Bank | Metro Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Lloyds Bank and Metro Bank
| Lloyds Bank | Metro Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Lloyds Bank vs Metro Bank Banking Basics
| Lloyds Bank | Metro Bank | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 119278 | 488982 |
| Website | Lloyds Bank Website | Metro Bank Website |
Common Comparison Questions
Does Lloyds Bank or Metro Bank have better customer reviews?
Lloyds Bank scores 1.7 out of 5 based 4,311 Trustpilot reviews. Of these reviews 13% are 5-star and 79% are 1-star.
Whereas, Metro Bank scores 2 out of 5 based 4,764 Trustpilot reviews. Of which 45% are 5-star and 48% are 1-star.
Does Lloyds Bank or Metro Bank have a better App?
Lloyds Bank’s iPhone App is rated 4.8 out of 5 based on 1,900,000 reviews. And it’s Android App is rated 4.6 out of 5 based on 317,000 reviews.
In comparison, Metro Bank’s iPhone App is rated 4.8 out of 5 based on 182,900 reviews. And it’s Android App is rated 4.6 out of 5 based on 41,500 reviews.
Does Lloyds Bank or Metro Bank have better business savings rates?
Lloyds Bank offers the following types of business savings accounts: Fixed Term Deposit, Instant access account, Notice accounts with interest rates ranging from 1.31% to 4.37%. (AER)
In contrast, Metro Bank offers Instant access, Fixed term accounts with interest rates ranging from 1.10% to 4.41% (AER).
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For other business bank accounts see our guide here.