Metro Bank has added FX Forwards to its business offering through a partnership with Equals Money, giving corporate and commercial customers a new way to hedge currency exposure and plan future payments with greater certainty.
The service allows businesses to lock in exchange rates for future transactions, helping manage volatility when buying from or selling into overseas markets. Metro said the product covers its current foreign currency offering and is designed to keep more of a customer’s FX activity within the bank’s wider relationship-led service model.
The platform itself is Metro Bank-branded and powered by Equals Money, combining specialist foreign exchange expertise with Metro’s relationship managers and a digital interface for execution and oversight. The bank said the proposition is aimed at customers that need more structure around cashflow planning as they expand internationally or manage complex supplier and customer relationships across currencies.
Andy Veares, managing director of commercial and corporate banking at Metro Bank, said: “We’ve responded to customer demand with a product designed to help businesses that trade in foreign currencies, as well as to support them to compete and expand internationally. This demonstrates our commitment to offer a broad range of services that enable UK businesses to grow and thrive, backed by the strength of our relationship banking experts.”
Ian Strafford-Taylor, chief executive of Equals Money, said the partnership showed how embedded finance can sit behind a traditional bank proposition while still offering specialist infrastructure and speed to market. For Metro, the move is also a practical statement about where business banking competition is heading: towards broader treasury-style tools for mid-sized companies, not just current accounts and lending.
Customers who want to learn more can contact Metro Bank’s commercial banking team.
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