Mettle is a mobile business bank account that can be managed on the app 24/7. Designed for sole traders and small businesses, Mettle is part of NatWest and free to open and manage. It’s currently only available on iOS, so Android users will have to wait. The online bank has been featured on Reuters, the Financial Times, and Forbes.
Mettle Business Banking Services
Current Accounts
Mettle has both banking and bookkeeping features. You can create and send invoices, track them until they’re paid, and match them to the transaction in your bank account. When the cash arrives in your account, you’ll also get a handy notification on your phone. Your account includes a debit MasterCard, and there are no charges for usage at home or abroad.
The app also includes expense management, which is as easy as taking a photo of your receipts. Mettle’s features are designed to make business accounting and cash flow management easier. The app will tell you how your outgoings affect your income so you can make smart business decisions.
A Mettle account is free with no extra charges. According to the website, they’ll let you know if and when that changes.
Savings account
Not available. ‘Pots’ are in development, so you’ll soon be able to divide money up into separate areas of your account for different purposes.
Overdrafts
Not available.
Business finance and loans
Not available.
Mettle Reviews and Ratings
There are very few reviews out there for Mettle. Just one person has reviewed the platform on Trustpilot, saying they were rejected for an account for unknown reasons, and weren’t aware there was a soft credit check during the account application process. This is mentioned on Smart Money People too, where the 4 reviewers are completely split. Two reviewers are unhappy with the speed of the account opening process, but two others are really pleased with the efficiency of their accounts.
There are no reviews on Reviews.co.uk. Mettle isn’t included in the Which? list of ‘Best & Worst Banks’.
NatWest (which is part of the Royal Bank of Scotland Group) reportedly launched Mettle as a trial product in October 2018, and will now be a standalone business banking offering.
Trustpilot – 3.3/5 (based on 1 review)
Reviews.co.uk – no reviews
Smart Money People – 3/5 (based on 4 reviews)
Which? – not included
Pros
- It’s free and includes some essential features.
- Smart, intuitive app that’s easy to manage 24/7.
- Backed by a big bank, which is an important trust signal for some businesses.
Cons
- Mettle is really new and it sounds like it could be difficult for some businesses to get approval for an account.
- Features are limited compared to some online banks.
- Not available on Android.
Website: Mettle Business Banking