Mettle is a free business account by NatWest that helps you get ahead today. It's built for small businesses, startups, limited companies, sole traders, contractors and freelancers. We believe there is something different about people who start their own business – a unique spirit that sets them apart. A blend of drive, ambition and self belief – people who have mettle. So we’ve built an app that embraces that spirit – one that our customers can rely on and makes managing finances as fast and simple as possible.

Type: Private
Foundation year: 2018
Location: London, United Kingdom
Number of employees: 51-200
Founders: Private
Target geographic market:




About Product/Service
Core product offerings for individual/retail customersBusiness Current Account
A free current account switch serviceNo, but Mettle plans to offer a Current Account Switching service in the future
Regulators/ComplianceAll the money held in the Mettle account is covered under the FCA safeguarding requirements and the corresponding regulations. The corresponding regulations refer to Electronic Money Regulations 2011 and Payment Services Regulations 2017. The Mettle account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd which is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money.
The Base Currency£ (GBP)
Product costFree
Openning a current account (business and personal)Free
Monthly feesNo
Issuing physical card and deliveryWithin 3-5 working days
Money transfers/paymentsFree, all payments sent from Mettle account are Faster Payments. No international payments. PrePay Technologies Ltd are Mettle's payment service provider. You can make contactless payments up to a £45 per transaction.
ATM withdrawalsFree, daily limit is £500 per day and £4,000 per month
OtherNot integrated with Google Pay. Mettle works with most services that support MasterCard. Mettle has a balance limit of £50,000 for sole traders and £100,000 for limited companies
(a) a personal accountNo
(b) a business accountYes
A free current account switch serviceNo, but Mettle plans to offer a Current Account Switching service in the future

Key people

Funding rounds

Last Funding Date N/A
Last Funding Amount N/A
Last Funding Type N/A
Total Funding Amount N/A
Number of Funding Rounds N/A


Customer/Products segments Online banking, payments, accounting
Key product offeringBusiness Current Account
Banking licenseNo, Mettle is operating under an e-money licence held by PrePay Solutions (PPS)
Type of customersSmall businesses and sole traders (limited companies with up to two owners) – which includes contractors, freelancers and entrepreneurs
Number of investors N/A
Number of lead investorsN/A
Names of lead investorsN/A

Tech stack

The technologies that underpin a platform (FX, identity, infrastructure, security, payments gateways, business systems, APIs, etc.) Mettle has an integration with FreeAgent, Xero and QuickBooks. If you use different software, you can export transactions to .csv, Excel and OFX files, which are compatible with Sage, Crunch, and Wave.
Devices supportediPhone V12.2 and above; Android V7 (Nougat) and above


Founding Date Type Tags

BankMobile is a mobile application that offers a...

2015 Private fintech, challenger banks

Fenergo is the digital enabler of client and...

2009 Private Fenergo

Think Money is one of the largest and longest-...

2002 Private Challenger banks, fintech
Tinkoff Bank

Tinkoff Bank is a credit card company and a first...

2006 Private Challenger banks, fintech

Simple is online banking with superhuman customer...

2009 Private fintech, challenger banks