Metro Bank, the entrepreneur’s bank, has announced that all new and existing business customers are now able to use Post Office branches to carry out their routine transactions.
To support its fast growing customer base, Metro Bank has enabled its business and commercial customers to use the Post Office’s network of more than 11,600 branches to deposit cash and cheques, as well as obtain change.
Ian Walters, Managing Director Business Banking at Metro Bank said: “We’ve seen incredible demand for our services from the business community, who are voting with their feet day in, day out, by joining a bank that truly puts them first. Because we’re expanding at such a fast rate, we want to ensure that our services remain convenient, which is why we’re now offering customers the option to bank through the Post Office network, in addition to our existing channels.”
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Mark Stokes, Managing Director Commercial Banking at Metro Bank continued: “By working with the Post Office alongside expanding our popular store network and digital capabilities, we remain committed to giving our customers the choice to bank whenever, wherever and however they want. Whether that’s in store, online, by phone, through an app or now through a Post Office branch– we’re proud to be making things more convenient.”
Nick Kennett, Chief Executive Post Office Financial Services said: “With our extensive branch network which is now open longer and on Sundays, Metro Bank Business and Commercial Banking customers can easily access their day to day banking needs at a time and location convenient to them. Many of our branches have dedicated business banking counters, enabling business owners to pay in takings quickly and easily, leaving them more time to focus on running their businesses. We continue to play an important role in every community by extending the services we provide to partner banks.”
The bank continues to expand its high street presence, with three new stores due to open before the end of the year, while simultaneously investing in its digital functionality, with the launch of its market-leading commercial online banking platform earlier this month.
Today’s launch follows a strong set of Q3 results, which saw a 73% year-on-year increase in lending, with loans to business and commercial customers representing 35% of total lending. The bank also reported a 66% year-on-year growth in deposits to £7.3bn, 52% of which was from business and commercial customers.