By Aisling Finn on Monday 6 April 2020
The latest big bank to give SMEs a concession during the coronavirus pandemic.
NatWest has today announced a partnership between its digital business bank Mettle and cloud-based accountancy platform FreeAgent.
The partnership will see SMEs save up to £150, or the minimum cost of an annual subscription to FreeAgent.
To get the freebie, businesses will have to sign up to link their Mettle accounts to FreeAgent and make at least one transaction a month.
By linking their accounts, SMEs will be able to see accounting results in real-time which will help to reduce the risk of admin errors or duplications.
Ed Molyneux, CEO of FreeAgent, said: “We’re really excited to be working with Mettle and providing small business customers with the most intuitive way of staying on top of their finances.”
Ken Johnstone, chief product officer at Mettle, added: “We’re thrilled to be launching an innovative partnership with FreeAgent that will not only allow businesses to have greater insight and control over how they run their business but will do so completely free of charge.”
The partnership is the most recent concession NatWest has given to smaller businesses during the coronavirus outbreak, just under a month ago the bank pledged £5bn to SMEs for coronavirus support.
NatWest is also hoping to get a slice of the £330bn promised by the Government to help SMEs stay afloat during the current economic downturn caused by coronavirus.