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Metro Bank launches cash collection service MCash

Andreea Dulgheru | 15:52 Tuesday 17th December 2019

Metro Bank has begun accepting registration for its new on-demand cash collection and delivery service MCash.

The system will allow UK SME clients to manage their cash finances and can be used via Metro Bank’s mobile app.

Business customers will be able to log on and select a day for a cash pick-up and/or drop-off with as little as 24 hours’ notice, and up to a week in advance.

Paul Riseborough, chief commercial officer at Metro Bank, said: “MCash brings the latest technology to bear on an age-old problem: how to support SMEs that need to deposit and withdraw notes and coins.”

Natalie Ceeney, chair of the Access to Cash Review, added: “Small businesses play a critical role in keeping cash viable, and we need to make it easy for them to keep banking cash, allowing them to remain flexible to consumer preference and to get on with their day-to-day business.”

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