BUSINESS BANK ACCOUNT

Smart business bank account with no monthly fee

Open a free UK business current account in minutes and get everything you need to run a better business.

Access simple payment solutions, built-in accounting and a dedicated savings account.

Tide Business Current Accounts are provided through our partner, ClearBank. To find out more, read our T&Cs. For more information on our Tide Instant Saver Account, check out our Summary Box.

Everything you need from your free business bank account

With over 1 million freelancers, contractors, and scaling businesses trusting in Tide worldwide, we’re committed to building you the best business bank account to help you set up your business smoothly.

£0 /month

Only pay for what you use, with low transaction and ATM fees.

FSCS-protected

Up to £85,000 protected by the Financial Services Compensation Scheme.

24/7 support

Start a chat and get help in the app anytime, 365 days a year.

Deposit cash

At any post office or PayPoint location.

Auto-categorisation

We automatically tag your income and spending. Customise the labels to suit your business.

Switch hassle-free

Switch your business bank account to Tide in a few taps

Our business bank account is packed with features to save you time and money

International payments

Send and receive international payments in a few taps.

Accounting and tax tools

Connect your own accounting software or export transactions to share with your accountant for free. Upgrade to Tide Accounting to manage tax and VAT easily.

Easily receive payments

Get smart payment options however you sell, from invoicing, payment links and Tap to Pay on iPhone, to our card reader for in person payments.

Manage expenses

Simplify expenses with virtual cards for secure spending online, expense cards for team spend and Apple or Google Pay compatibility.

Team access

Grant flexible access to your team, co-directors, or accountant. Paid plans offer enhanced access from £12.49 + VAT, while read-only access is free.

Earn interest

Access our Tide Instant Saver Account to earn up to 4.22% AER (variable) on your capital for the first 6 months. After this period get the rate of your chosen plan. *T&Cs apply

3-month free trial

Try a paid plan for free

Sign up for one of our paid plans today and get 3 months free*. You’ll unlock more features to better manage your finances, like expense cards and free transfers, with even better service.

Compare our plans and pricing in full

Our mission is to save small businesses time and money. That’s why we offer a free business bank account with no monthly fee. Choose the plan that’s right for you now and upgrade any time as your business grows.

	Free	Smart	Pro	Max
Monthly fees	Free	£12.49 + VAT	£24.99 + VAT	£69.99 + VAT
UK card transactions	Free	Free	Free	Free
Foreign currency card transactions	2.75% FX fees	0% FX fees	0% FX fees	0% FX fees
Transfers to/from other bank accounts	20p / transfer	25 free transfers	Unlimited free transfers	Unlimited free transfers
Transfers to/from foreign bank accounts	20p/transfer + 1.50% FX fee	20p/transfer above free limit + 0.50% FX fee	No transfer fee + 0.50% FX fee	No transfer fee + 0.50% FX fee
ATM withdrawals	£1	£1	£1	£1
Cash deposits at the Post Office	0.99% (minimum £2.50)	0.5% (minimum £2.50)	0.5% (minimum £2.50)	0.5% (minimum £2.50)
Cash deposits at a PayPoint	3%	3%	3%	3%
Linked Instant Saver Interest	2.78% on up to £75k, 0.00% on £75k+	3.29% on up to £100k, 0.00% on £100k+	3.60% on up to £100k, 3.81% on £100k - £150k, 0.00% on £150k+	3.60% on up to £100k, 3.81% on £100k - £500k, 4.12% on £500k - £1m
Additional accounts	Not available*	1 free additional account	2 free additional accounts	3 free additional accounts
Expense Cards	£5/month per card	1 free expense card	2 free expense cards	3 free expense cards
Virtual debit card	check_circle	check_circle	check_circle	check_circle
Team Access	Free read-only access	1 team member with enhanced access	2 team members with enhanced access	5 team members with enhanced access
Invoicing	Send 3 free invoices per month	Send 3 free invoices per month	Send 3 free invoices per month	Unlimited
Payment links	check_circle	check_circle	check_circle	check_circle
Tap to Pay	check_circle	check_circle	check_circle	check_circle
Free integration with third party accounting software	check_circle	check_circle	check_circle	check_circle
Tide Accounting	From £9.99 + VAT	From £9.99 + VAT	Tide Accounting free	Admin Extra free
Benefits and rewards	Basic member perks	Enhanced rewards	Enhanced rewards	Enhanced rewards and 0.5% cashback on card purchases
Support	Chat support	Prioritised chat and phone support	Prioritised chat and phone support	Prioritised chat and phone support, dedicated member support and priority callback on weekends
Legal help	Not available	24/7 legal helpline with trademark filing & disputes support	24/7 legal helpline with trademark filing & disputes support	24/7 legal helpline with trademark filing & disputes support
Credit Flex	Subject to eligibility	Subject to eligibility	Subject to eligibility	Subject to eligibility

* Additional accounts that are already open and beyond the respective plan's limit will have a fee of £4.99 per month per account.

Matt HerdBeaucroft Watches

Everything became digital, and Tide just made it so easy. Everything was easy to set up. We didn't need tremendous amounts of paperwork or history to set up an account.

Benefits and perks

Tide members get access to exclusive partner discounts and offers with Member Perks, specially selected to help your business grow.

What’s more, our partnership with Mastercard affords you access to additional Mastercard-led discounts and cashback.

Open a free business bank account online in minutes

Business banking with Tide is easy.

Download the app

Tell us about your business and verify your identity

Your account is approved and ready to go in minutes - your card will arrive in a couple of days

Security built in

Two-factor security

Easily freeze lost or stolen cards

Check recipient details with Confirmation of Payee

Compare our business bank account to other banks

See how we stack up against other high street and challenger banks, in one click.

Am I eligible for a Tide business bank account?

Applying for a free business bank account with Tide is quick and easy, whether you’re a sole trader or running a limited company. There’s no hard credit check and it’s all done within minutes in the app.

You must be over 18

Have a UK-based business

Show valid photo ID

Upload a selfie photo

Independent service quality survey results

Business current accounts Published February 2025

As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 16 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs*).

The results represent the view of customers who took part in the survey.

Overall service quality

We asked customers how likely they would be to recommend their business current account provider to other SMEs.

Free business bank account FAQs

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.

Can I apply from outside the UK?

Yes! However, you must have a UK residential address and phone number. 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.

Can I deposit cheques to my Tide account?

You can now digitally deposit cheques using the Tide app. You can’t deposit cheques at the bank or the Post Office.

We only support cheques made out in GBP. Other currencies won’t be accepted.

See how to make a digital cheque deposit over on this page.

Help, my question isn’t answered here Find answers to all our most frequently asked questions about opening an account

We understand businesses, it's all we do

Tide is built by business owners for business owners. That’s why we’re trusted by over 1 million sole traders, freelancers, and limited companies worldwide.

BUSINESS BANK ACCOUNT

Smart business bank account with no monthly fee

Everything you need from your free business bank account

£0 /month

FSCS-protected

24/7 support

Deposit cash

Auto-categorisation

Switch hassle-free

Our business bank account is packed with features to save you time and money

International payments

Accounting and tax tools

Easily receive payments

Manage expenses

Team access

Earn interest

Compare our plans and pricing in full

Free

Smart

Pro

Max

Monthly fees

UK card transactions

Foreign currency card transactions

Transfers to/from other bank accounts

Transfers to/from foreign bank accounts

ATM withdrawals

Cash deposits at the Post Office

Cash deposits at a PayPoint

Linked Instant Saver Interest

Additional accounts

Expense Cards

Virtual debit card

Team Access

Invoicing

Payment links

Tap to Pay

Free integration with third party accounting software

Tide Accounting

Benefits and rewards

Support

Legal help

Credit Flex