Metro Bank is the newest high street bank in the United Kingdom, being granted its license by the financial services authority on 5th March 2010.
It is the brainchild of American business leader Vernon Hill, and claims that it aims to create a revolution in British banking. The bank is undergoing an ambitious program of expansion, and aims to have 200 branches open nationwide by the close of 2020.
Metro Bank is the first high street bank to be granted a license in over 150 years. As such, they offer their customers a full range of financial services and products that they could expect to find at more established financial institutions.
Metro also offers a range of services that you won't find in other high street banks. These include in branch coin counting machines, so that customers can sort out their change and then deposit it.
They are also proud to be a pet friendly bank. Dogs are more than welcome, in fact customers who take their dog into a branch receive free water and dog biscuits for their pets. Another unique selling point that the bank uses is that it takes just 15 minutes to set up a Metro current account in branch.
Whilst the majority of branches are in and around London, they plan to move further afield as they expand.
Metro Bank offers a wide range of products at their branches, online, and via smart phone through their mobile banking service. They provide both residential and buy to let mortgages, as well as credit cards and personal loans.
Their loans have no set up fee, fixed monthly payments and variable terms, and Metro customers can apply for loans between £2,000 and £25,000. Their credit card users receive an email and text alert when they're approaching their credit limit, as well as paperless statements as standard.