To apply for an 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 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
- CICs and CIOs
You can read more about this in our blog post: Providing financial security for our members.