Mettle review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Mettle suits UK businesses that want a digital-only account with no monthly fee and a savings pot, with charges of £0 a month and a currency conversion fee of 1.5% on conversions. Deposits sit with a bank under FSCS up to GBP 85,000 in the UK.
Key facts
- Best for
- A free business account with app-only banking, a savings pot attached and local account details for foreign payments.
- Monthly fee
- £0↗
- Deposit protection
- FSCS up to GBP 85,000↗
- Currency conversion fee
- 1.5%↗
- Currencies
- 30↗
- Free ATM withdrawals
- £0↗
- Transfer fee
- Inbound international payments over GBP 10 charged GBP 4 fixed fee; under GBP 10 no fixed fee; no outbound international payments offered↗
- Legal entity
- National Westminster Bank plc↗
- Headquarters
- United Kingdom↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Audience
- Business
- Pricing model
- No monthly fee
- Features
- Digital-only
- Official website
- mettle.co.uk
Savings
- Headline rate
- 0.95%↗
- Rate type
- Variable↗
- Minimum deposit
- £10↗
- Access terms
- Interest calculated daily and paid out monthly; only one savings pot, maximum balance £1m; money drawn back by transfer into the main account↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- LinkedIninstagram.comtiktok.com
Pros and cons
Pros
- The business account charges £0 a month, with a cash machine allowance of £0.
- The savings pot pays 0.95% at a variable rate, starting from £10.
- Local account details across 30 currencies, with support on email, chat and phone.
Cons
- Inbound international payments over a threshold carry a fixed fee, which can land on top of the 1.5% conversion charge whenever money arrives from abroad.
- The savings pot pays 0.95%, under the 3% for savings across the site.
- The account is digital only, so there is no branch network and day to day banking runs through the app.
Who it suits
- UK businesses that run their money from a phone and are happy to bank without visiting a branch.
- Businesses paying suppliers and clients abroad that need local account details in 30 currencies.
- Owners who want a savings pot on the same account, paying 0.95% on the balance they set aside.
Who should look elsewhere
- PayPal Colombia users: PayPal Colombia also charges $0 a month, so monthly cost gives you no reason to move.
- Plazo ES users: Plazo ES charges €0 a month, so the choice rests on how each account is run, not on the fee.
- Skrill users: Skrill charges €0 a month, another account at no monthly cost if you want a wallet alongside.
How it compares on our data
On monthly fee, Mettle ranks 1 of 500 on the site. On currency conversion fee it ranks 194 of 312, and on the number of currencies 32 of 379. The monthly fee sits at the top of the table, while conversion sits well down it.
Rates and card terms
The savings pot pays a headline rate of 0.95% on balances, and the rate is variable, so the return can rise or fall as interest rates move. That single number does most of the work when you set the pot against other business savings.
How Mettle compares
9.2 vs 8.7
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9.2 vs 9.0Charges €0 a month, another account with no monthly cost if you want a second wallet for payments.
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9.2 vs 8.1- 9.2 vs 8.1
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9.2 vs 8.0
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Where Mettle is available
- Available
- United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority (900010), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a Mettle business account cost to run?+
The monthly fee is £0, and the account runs on a no monthly fee model, so there is no charge simply for keeping it open. Cash machine withdrawals come with an allowance of £0. The costs worth watching sit on international payments rather than on holding the account.
Is my money protected at Mettle?+
Mettle is run by National Westminster Bank plc and regulated in the UK by the Financial Conduct Authority, reference 900010. Deposits are covered by FSCS up to GBP 85,000, so eligible deposits sit under that protection scheme up to the stated limit.
What does the Mettle savings pot pay?+
The savings pot pays a headline rate of 0.95% and that rate is variable. The pot is easy access and needs £10. Interest is calculated daily and paid out monthly, and money comes back to the main account by transfer from a single pot.
Can Mettle handle money in other currencies?+
The account covers 30 currencies and provides local account details for payments in them. Converting costs 1.5%. Inbound international payments above a small threshold carry a fixed fee, and there are no outbound international payments, so money arrives rather than leaves.
Who can open a Mettle account?+
Mettle is aimed at businesses in the UK: the audience it serves is business and its base is in the United Kingdom. The account is digital only, so signing up and day to day banking run through the app rather than a branch.
How do I get help from Mettle?+
Support runs on email, chat and phone, so you can reach the team by email, chat or phone, and there is a help centre to check first. That mix suits a business account, where a quick answer on a payment matters more than a branch visit.
Does Mettle have branches, and can I get cash?+
The account is digital only, so there is no branch network to visit and banking runs through the app. The cash machine allowance is £0, so any cash you do take out does not add a charge of its own.
Sources
- mettle.co.uk/features/savings-pot checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type
“Interest is calculated daily and will be paid out monthly.”
- mettle.co.uk checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“its registered address is 250 Bishopsgate, London, United Kingdom EC2M 4AA”
- mettle.co.uk/contact-us checked September 26, 2026
Backs: Support channels
“Our FAQs ... You can email us at support@mettle.co.uk. Or you can call us on 0800 0987 765”
- mettle.co.uk/eligibility checked September 26, 2026
Backs: Audience, Features
“Mettle is for sole traders and limited companies with up to two owners (only one owner can access the account)”
- mettle.co.uk/features/international-payments checked September 26, 2026
Backs: Currencies, Currency conversion fee, Transfer fee
“Receive payments in 30 different currencies, and we'll convert it to GBP straight into your Mettle account”
- mettle.co.uk/fee-information-document checked September 26, 2026
Backs: Free ATM withdrawals, Pricing model, Monthly fee
“Cash withdrawal (made using your card) - GBP 1.00 per withdrawal”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type.
Related by the facts
Guides
Mettle
A free business account with app-only banking, a savings pot attached and local account details for foreign payments.