Is Metro Bank or Recognise Bank better for your small business?
Below we look at both Metro Bank and Recognise 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.
Metro Bank vs Recognise Bank Trustpilot Reviews
| Metro Bank | Recognise Bank | |
| Trustpilot Review Score (out of 5) | 2 | 4.6 |
| Percent 5-Star Reviews | 45% | 77% |
| Percent 1- Star Reviews | 48% | 5% |
| Total Number of Reviews | 4,764 | 539 |
https://www.trustpilot.com/review/www.metrobankonline.co.uk
https://www.trustpilot.com/review/recognisebank.co.uk
Metro Bank vs Recognise Bank App Reviews
| Metro Bank | Recognise Bank | |
| 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 Recognise Bank Account Fees & Charges
| Metro Bank | Recognise Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | No Limit |
| Cheapest Monthly Account Fee | Free | No |
| Most Expensive Monthly Account Fee | £6.00 | No |
| Electronic Payment Cost (in/out) | 30p | Free |
| Cash Payments Cost (in/out) | 1.00% | Free |
| Cheques (in/out) | 30p | Free |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | 20p | 25p |
Metro Bank vs Recognise Bank Business Savings Rates
| Metro Bank | Recognise Bank | |
| Types of Business Savings Accounts | Instant access, Fixed term | Notice account, Fixed Rate, Instant access |
| Lowest Savings Rate (AER) | 1.10% | 3.15% |
| Maximum Savings Rate (AER) | 4.41% | 4.50% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Metro Bank vs Recognise Bank Account Opening Times
| Metro Bank | Recognise Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 day | Few minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Metro Bank vs Recognise Bank Features & Account Types
| Metro Bank | Recognise Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | None |
| 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 Recognise Bank Customer Support Options
| Metro Bank | Recognise Bank | |
| 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 Recognise Bank Foreign Currency Accounts
| Metro Bank | Recognise 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 Metro Bank and Recognise Bank
| Metro Bank | Recognise Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | No |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Metro Bank vs Recognise Bank Banking Basics
| Metro Bank | Recognise Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 488982 | 849404 |
| Website | Metro Bank Website | Recognise Bank Website |
Common Comparison Questions
Does Metro Bank or Recognise Bank 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, Recognise Bank scores 4.6 out of 5 based 539 Trustpilot reviews. Of which 77% are 5-star and 5% are 1-star.
Does Metro Bank or Recognise Bank 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, Recognise Bank’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 Recognise Bank 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, Recognise Bank offers Notice account, Fixed Rate, Instant access accounts with interest rates ranging from 3.15% to 4.50% (AER).
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For other business bank accounts see our guide here.