The move is the latest innovation at the bank, which last year announced partnerships with Personetics, RMS Group Services, Funding Options, Conance, and DueDil.

Paul Riseborough (pictured), chief commercial officer at Metro Bank, said: “We’re seeing real transformation in the payments industry and this needs to benefit smaller SMEs too. By removing the complexity of regular payments we can save customers vital time, that can better be spent running and growing their businesses.”