A tool and a method for processing plate-shaped workpieces, in particular metal sheets. An upper tool and a lower tool are movable toward one another for processing a workpiece arranged in between. The upper tool has a clamping shank and a main body arranged on a common position axis. A processing tool is arranged on a main body so as to be situated opposite the clamping shank. The lower tool has a main body with a bearing surface for the workpiece and an opening within the bearing surface. The processing tool of the upper tool has at least one bending edge and at least one cutting edge, and the main body of the lower tool has at least one counterpart bending edge and at least one counterpart cutting edge.