Business bank account

Ready for business

Powerful and simple. Apply today through Tide to open an FSCS protected bank account provided by ClearBank.infoTide offers bank accounts provided by ClearBank. ClearBank Ltd is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568). Registered Address: 4th Floor, Prologue Works, 25 Marsh Street, Bristol, England, BS1 4AX.

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For companies of all shapes and sizes

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Freelancers

Straightforward business current accounts at no monthly cost to get started for sole traders, consultants and contractors

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Small businesses

Limited companies save time with accounting integration, invoicing directly from the app and Expense Cards for easy expense management

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Scaling businesses

Upgrade to our Plus or Premium memberships when your business needs more support and enjoy exclusive perks

Account plans that scale with your business

We’re dedicated to supporting small businesses – that’s why the prices for our business bank account start from free. Choose the plan that’s right for you now and upgrade any time as your business grows.

Free

£0.00 monthly
  • Your Tide business card Free
  • Expense Cards for your team £5 / month
  • Transfers in & out 20p per transfer
  • ATM withdrawals £1
  • Read access for team members check
  • Scheduled payments check
  • Accounting integrations - Quickbooks, Xero, Sage and more check
  • Multi-business - hold up to 5 business accounts check
  • Priority in-app support close
  • Phone support close
  • 24/7 legal helpline close
  • Exclusive member perks close
  • Dedicated account manager close
  • 0.5% cashback with your Tide card close

Plus

star_rateBest for most businesses £9.99 +VAT monthly
  • Your Tide business card Free
  • Expense Cards for your team 1 free expense card included
  • Transfers in & out 20/month free
  • ATM withdrawals £1
  • Read access for team members check
  • Scheduled payments check
  • Accounting integrations - Quickbooks, Xero, Sage and more check
  • Multi-business - hold up to 5 business accounts check
  • Priority in-app support check
  • Phone support check
  • 24/7 legal helpline check
  • Exclusive member perks check
  • Dedicated account manager close
  • 0.5% cashback with your Tide card close

Cashback

£49.99 +VAT monthly
  • Your Tide business card Free
  • Expense Cards for your team 3 free expense cards included
  • Transfers in & out 150/month free
  • ATM withdrawals £1
  • Read access for team members check
  • Scheduled payments check
  • Accounting integrations - Quickbooks, Xero, Sage and more check
  • Multi-business - hold up to 5 business accounts check
  • Priority in-app support check
  • Phone support check
  • 24/7 legal helpline check
  • Exclusive member perks check
  • Dedicated account manager check
  • 0.5% cashback with your Tide card check

Trusted by 300,000+ UK businesses

Register your limited company and open a Tide account all in one go

  • It’s FREE

    We pay the incorporation fee on your behalf and give you a free business account.

  • It’s fast

    Apply within minutes and get set up all in one go.

  • It’s safe

    We’re an approved formation agent with a secure Companies House integration, so you’re in good hands.

Get started

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Easy account access

Desktop access

Manage your finances in a way that works for you, whether it’s in the palm of your hand, or from your computer.

Read access for your team

Invite business partners, colleagues or your accountant to view and download transactions.

Export CSV files

Download all your payments, attachments and notes, then upload them to any accounting software.

Sync up with your accounting software

Forget uploading CSVs – connect your account to Xero, QuickBooks, FreeAgent, Sage, KashFlow and Reckon.

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Contactless Mastercard

We’ve made it easy to manage your Tide card so you stay in control.

  • Free business Mastercard

    Spend on your card in the UK and abroad with no fees and no commission. (Getting cash from an ATM costs £1 and some machines might charge an extra fee.)

  • Instant card management

    Stay in control from anywhere. Use the app to freeze, unfreeze, or cancel and re-order your card.

  • Company expense cards

    Order up to 35 Tide Expense Cards for your team and keep track of who's spending what. Set up sub-accounts to ringfence money for expenses.

  • Use everywhere

    Spend in shops, buy online and withdraw cash worldwide wherever Mastercard is accepted.

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Plus everything else you might need

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Rapid setup

Get a sort code and account number in minutes.

security

Protected and trusted

We’re fully authorised and regulated by the FCA.

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In-app support

Our Member Support team are available to help 24/7, 365.

Frequently asked questions

Is my money safe with Tide?

Yes.

If you have a ClearBank account, then eligible deposits, up to £85,000*, are protected by the UK Government’s deposit guarantee scheme, the Financial Services Compensation Scheme (FSCS).

If you have an e-money account, then the funds in your account are stored and protected. With an e-money account, your money is never invested or loaned out and is safeguarded in accounts that keep your money separate from the money we use to run Tide. As your funds are safeguarded, FSCS protection does not apply.

*Eligible deposits with ClearBank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. This limit applies to the total of any deposits you have with ClearBank. Any total deposits you hold above this limit are unlikely to be covered.

 

What's the difference between an e-money account and a bank account?

With a bank account, eligible deposits will be protected up to £85,000* by the Financial Services Compensation Scheme (FSCS).

E-money accounts store your money in electronic form which can be used to make payments. Your money is held in a Safeguarding Account. This means your money is ring-fenced from the funds we use to run Tide.

*Eligible deposits with ClearBank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. This limit applies to the total of any deposits you have with ClearBank. Any total deposits you hold above this limit are unlikely to be covered.

I'm a Tide member. How do I know whether I have a PPS or a ClearBank account?

There are 3 ways in which Tide members can identify if they have a PPS or ClearBank account:

  1. Sort Codes: If the sort code is 04-06-05 – the account is with ClearBank, if the sort code is 23-69-72 – it is with PPS
  2. Statements: The footer of members’ statements will give details of the account provider and terms
  3. By requesting an Account Verification Letter (AVL) from Tide

Does Tide offer bank accounts?

Yes!

There are currently two different types of accounts with Tide: an e-money account, provided under the license of Pre-Pay Solutions Limited and regulated by the FCA, and bank accounts  provided by ClearBank, which are also regulated by the FCA.

The funds in e-money accounts are stored and protected. With an e-money account, your money is never invested or loaned out and is safeguarded in accounts that keep your money separate from the money we use to run Tide. As your funds are safeguarded, FSCS (Financial Services Compensation Scheme) protection does not apply.

We’re in the process of moving Tide accounts from PPS e-money accounts to ClearBank FSCS protected bank accounts. In the coming months, you’ll have the option to update your account, we’ll get in touch when this is available.

What ID will I need to open a bank account with Tide?

We’ll be able to verify your identity from most European National ID cards, international driving licences and passports.

Can I open an account? (our eligibility criteria)

To apply for a bank account with Tide, you will need to meet our eligibility criteria outlined below:

To apply for a registered business account, you’ll need to be registered with UK Companies House as a director of that company.
To apply for a sole trader account, you’ll need to be a UK based sole trader or freelancer.

For both bank account types, you’ll need to be aged 18 or above, have a valid UK phone number and address, and hold a compatible device registered to a UK App or Google Play store.

We’re on a mission to help businesses owners spend less time on money admin, and we want to enable as many small businesses as possible to do that. It’s a balancing act though, certain company types are more complex to onboard, so the scope of businesses we’re currently able to offer accounts to is a little more focused than your average high street bank.

We hope to broaden this scope as we grow, but currently we’re unable to onboard the following types of companies:

  • Trading of cryptocurrencies
  • Trading of precious metals and stones
  • Money services (such as foreign exchange, loan providers, money transfers)
  • Casinos, prize draws and other betting or gambling activities
  • Sale of unlicensed pharmaceuticals
  • Sale or trade of cannabidiol (CBD) products
  • Trading of weapons, explosives or armaments
  • Unlicensed trading and processing of scrap metal
  • Unlicensed waste management
  • Sale, import and export of used vehicles or heavy machinery
  • Escort services and other services in the adult industry
  • Bidding fee auctions
  • Modelling agencies
  • Travel agencies
  • Car wash services
  • Political parties
  • Charities
  • CICs and CIOs

You can read more about this in our blog post: Providing financial security for our members.

Is Tide a bank?

No, Tide isn’t a bank.

Tide is a business financial platform and the leading provider of digital business banking services in the UK! We are regulated by the Financial Conduct Authority (FCA) and offer e-money accounts, provided by PrePay Solutions (PPS), as well as business bank accounts, provided by ClearBank.

We believe that this model gives us the opportunity to provide a wider range of products and services to our members, helping them to save time (and money) on their financial admin.

How long does it take to open a bank account with Tide?

On-boarding timeframes vary depending on the types of applications we receive, but more than half of our new members this year opened their bank account in less than 10 minutes.

To be exact, 53% opened their accounts in under 10 minutes, 70% in under 60 minutes, and 81% within 48 hours. Even if your business is a bit more complex and we can’t complete your application right away, if you meet our eligibility requirements it’ll still be far quicker than most high street banks!

Saving our members time is at the core of what we do, so we’re always working to optimise and improve wait times. You can read about why we sometimes need a little more information on our blog.

Can a charity open a bank account with Tide?

Unfortunately, registering charities requires us to follow a different set of rules which would take us away from our main mission as a company. We may support these types of organisations in the future, but we’re currently focused on offering the best experience for small and medium-sized businesses.

Do you carry out credit checks?

No! To open a current account, we perform electronic checks (run by third-party services) to verify your identity and comply with UK anti-money laundering regulations. While these checks will not impact your credit score, they will appear on your credit report.

Can I apply from outside the UK?

Yes! Applicants who are not based in the UK may apply for a business bank account, as long as they are directors of a company registered with UK Companies House. In some cases, we may have to complete additional checks in order to process your application.

Don’t forget – you’ll need to switch your App or Google Play store to the UK to download Tide.

 

 

Does Tide offer a switching service?

Unfortunately not – but you can use Tide alongside your existing bank account until you have fully switched over.

Help, my question isn’t answered here…

Find answers to all our most frequently asked questions and how to contact our Member Support team.

Business tips from our expert community

Getting started is easy

No queuing or appointment required

  1. Download the app

    On play store or app store

  2. Tell us about your company

    Like what you do and any shareholders

  3. Scan your ID and take a selfie

    To securely verify who you are

  4. Most accounts approved in minutes

    Sometimes we ask for more information

  5. check_circle

    You’re up and running!

    Your account is ready to go, we’ll get your card to you in a couple of days

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A business bank account that's free, easy to open, and helps you start doing what you love.

Tide is about doing what you love. That’s why we’re trusted by 300,000+ UK businesses.

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