Is Metro Bank or Aldermore better for your small business?
Below we look at both Metro Bank and Aldermore 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.
Metro Bank vs Aldermore Trustpilot Reviews
| Metro Bank | Aldermore | |
| Trustpilot Review Score (out of 5) | 2 | 4.6 |
| Percent 5-Star Reviews | 45% | 80% |
| Percent 1- Star Reviews | 48% | 9% |
| Total Number of Reviews | 4,764 | 4,424 |
https://www.trustpilot.com/review/www.metrobankonline.co.uk
https://www.trustpilot.com/review/www.aldermore.co.uk
Metro Bank vs Aldermore App Reviews
| Metro Bank | Aldermore | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 182,900 | No Reviews |
| Android Review Score (out of 5) | 4.6 | No Rating |
| Number of Android Reviews | 41,500 | No Reviews |
https://apps.apple.com/gb/app/metro-bank/id1175525592
https://www.apple.com/uk/app-store/
Metro Bank vs Aldermore Account Fees & Charges
| Metro Bank | Aldermore | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | Free | £12.50 |
| Most Expensive Monthly Account Fee | £6.00 | £30 |
| Electronic Payment Cost (in/out) | 30p | Free |
| Cash Payments Cost (in/out) | 1.00% | 75p / £2 + 2.75% |
| Cheques (in/out) | 30p | Free |
| CHAPS Payments Cost | £25 | £30 |
| SEPA Payments Cost | 20p | No |
Metro Bank vs Aldermore Business Savings Rates
| Metro Bank | Aldermore | |
| Types of Business Savings Accounts | Instant access, Fixed term | Fixed rate, Easy access |
| Lowest Savings Rate (AER) | 1.10% | 3.25% |
| Maximum Savings Rate (AER) | 4.41% | 4.60% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Metro Bank vs Aldermore Account Opening Times
| Metro Bank | Aldermore | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 day | 2 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Metro Bank vs Aldermore Features & Account Types
| Metro Bank | Aldermore | |
| 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 | No |
| Accounts For Sole Traders | Yes | No |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Limited locations in England & Wales only | None, online and phone only |
Metro Bank vs Aldermore Customer Support Options
| Metro Bank | Aldermore | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Metro Bank vs Aldermore Foreign Currency Accounts
| Metro Bank | Aldermore | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
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Other Business Services From Metro Bank and Aldermore
| Metro Bank | Aldermore | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Metro Bank vs Aldermore Banking Basics
| Metro Bank | Aldermore | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 488982 | 204503 |
| Website | Metro Bank Website | Aldermore Website |
Common Comparison Questions
Does Metro Bank or Aldermore have better customer reviews?
Metro Bank scores 2 out of 5 based 4,764 Trustpilot reviews. Of these reviews 45% are 5-star and 48% are 1-star.
Whereas, Aldermore scores 4.6 out of 5 based 4,424 Trustpilot reviews. Of which 80% are 5-star and 9% are 1-star.
Does Metro Bank or Aldermore have a better App?
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.
In comparison, Aldermore’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does Metro Bank or Aldermore have better business savings rates?
Metro Bank offers the following types of business savings accounts: Instant access, Fixed term with interest rates ranging from 1.10% to 4.41%. (AER)
In contrast, Aldermore offers Fixed rate, Easy access accounts with interest rates ranging from 3.25% to 4.60% (AER).
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For other business bank accounts see our guide here.