Check if you’re eligible for a Mettle business account

Before you apply, it’s worth checking if your business meets the criteria below

At Mettle, we’d like to offer an account to as many businesses as possible. But unfortunately, there are some business activities and industries we can’t support.

So before you apply for an account, we thought it would be useful to see a summary of who we can and can’t support. We’ve tried to be as clear as possible and do our best to update this list as often as we can.

Key eligibility criteria

  • Your business must be registered and trading in the UK

  • You’ll need to be a UK resident

  • You’ll need a UK phone number

  • You’ll need an iOS or Android device to open and manage the account. For Apple devices, you’ll need to be on iOS 12.2 or later and for Android you’ll need to be on 7.0 or later

  • Maximum account balance is £100k for limited companies and £50k for sole traders

  • You have to be 18 or over to open an account

Business types we support

Sole traders

A sole trader is someone who is self-employed and the sole owner of their business. They pay tax on business profits, via a self-assessment tax return.

Limited companies

Limited companies are registered with Companies House, and will have at least one director. Here are a few requirements for limited companies:

  • There needs to be at least 1 Person of Significant Control (PSC) or director listed for your company

  • The person opening the account must be a director and a PSC

  • Your limited company must be in an ‘active’ status on Companies House

Business types we don’t support

Here are some examples:

  • Public limited companies (PLC)

  • Companies limited by guarantee

  • Unlimited companies (Unltd)

  • Limited liability partnerships (LLP)

  • Community interest companies

  • Industrial and provident societies (IPS)

  • Royal charters (RC)

  • Charities (registered or unregistered)

Business activities we don’t support

Here are some example activities and industries that we currently don’t support:

  • Alcohol and tobacco manufacturing

  • Massage parlours

  • Tattoo and nail parlours

  • Distilleries

  • Armaments and defence

  • Gambling

  • Pharmaceutical companies

  • Some manufacturers (including manufacturers of rubber products, manufacturers of medical, dental or veterinary equipment, and others)

  • Some wholesalers (including those who deal with clothing, footwear, perfume and cosmetics as well as generalist wholesalers)

  • Diamonds, precious metals and jewellery

  • Embassies and consulates

  • Trust and company service providers – eg involvement in formation of other companies

  • Money Service Businesses (MSB) – eg foreign exchange

  • Virtual currency or crypto-currency

  • Shipping

  • Waste and scrap

Not supported ‘yet’

There are few business activities that we’d like to support, but can’t yet. We’re working on changing this…

  • Hairdressers and beauty treatment providers

  • Restaurants, pubs, bars and cafes

  • Taxi companies and drivers

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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. Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Registered office: 250 Bishopsgate, London, United Kingdom EC2M 4AA

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