Is Metro Bank or Wise better for your small business?
Below we look at both Metro Bank and Wise 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 Wise Trustpilot Reviews
| Metro Bank | Wise | |
| Trustpilot Review Score (out of 5) | 2 | 4.2 |
| Percent 5-Star Reviews | 45% | 83% |
| Percent 1- Star Reviews | 48% | 7% |
| Total Number of Reviews | 4,764 | 207,506 |
https://www.trustpilot.com/review/www.metrobankonline.co.uk
https://www.trustpilot.com/review/wise.com
Metro Bank vs Wise App Reviews
| Metro Bank | Wise | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 182,900 | 85,400 |
| Android Review Score (out of 5) | 4.6 | 4.8 |
| Number of Android Reviews | 41,500 | 762,000 |
https://apps.apple.com/gb/app/metro-bank/id1175525592
https://apps.apple.com/gb/app/wise/id612261027
Metro Bank vs Wise Account Fees & Charges
| Metro Bank | Wise | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | Free | Free |
| Most Expensive Monthly Account Fee | £6.00 | Free |
| Electronic Payment Cost (in/out) | 30p | 0.42% |
| Cash Payments Cost (in/out) | 1.00% | 2% / 1.75% |
| Cheques (in/out) | 30p | Unknown |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | 20p | No |
Metro Bank vs Wise Business Savings Rates
| Metro Bank | Wise | |
| Types of Business Savings Accounts | Instant access, Fixed term | BlackRock ICS Sterling Government Liquidity Fund |
| Lowest Savings Rate (AER) | 1.10% | 4.67% |
| Maximum Savings Rate (AER) | 4.41% | 4.67% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Metro Bank vs Wise Account Opening Times
| Metro Bank | Wise | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 day | 2 Working days |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Metro Bank vs Wise Features & Account Types
| Metro Bank | Wise | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Visa/Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Limited locations in England & Wales only | None, online only |
Metro Bank vs Wise Customer Support Options
| Metro Bank | Wise | |
| 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 |
Metro Bank vs Wise Foreign Currency Accounts
| Metro Bank | Wise | |
| 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 Wise
| Metro Bank | Wise | |
| Business Loans | Yes | No |
| Commercial Mortgages | No | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | Yes |
Metro Bank vs Wise Banking Basics
| Metro Bank | Wise | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No, unless money is held in assets |
| FCA Number | 488982 | 900507 |
| Website | Metro Bank Website | Wise Website |
Common Comparison Questions
Does Metro Bank or Wise 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, Wise scores 4.2 out of 5 based 207,506 Trustpilot reviews. Of which 83% are 5-star and 7% are 1-star.
Does Metro Bank or Wise 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, Wise’s iPhone App is rated 4.8 out of 5 based on 85,400 reviews. And it’s Android App is rated 4.8 out of 5 based on 762,000 reviews.
Does Metro Bank or Wise 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, Wise offers BlackRock ICS Sterling Government Liquidity Fund accounts with interest rates ranging from 4.67% to 4.67% (AER).
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For other business bank accounts see our guide here.