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SOLE TRADER BANK ACCOUNT

Set up your sole trader bank account in minutes

Recently started as a sole trader? With Tide, you can open a free business bank account and start using it straight away. 

We have all the business tools you need to progress as a sole trader and beyond, and we'll help you at every step of the way.

Open a free account

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Everything you need as a sole trader

With over 150,000 sole traders trusting in Tide, we make sure you have everything you need to set up your business smoothly, saving you time and money.

£0/month

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

Instant setup

Set up an account within minutes and receive a card within days.

Simple accounting

Connect your accounting software and bank account for easy reporting.

Earn 4.33% AER variable

Get more out of your savings with our Instant Saver Account – no limits or withdrawal fees. T&Cs apply.

Safe and secure

 24/7 account monitoring, ensuring your money is safe.

24/7 support

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

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Open a business account in minutes

Open a free sole trader bank account in minutes

Getting started with Tide is easy

  1. Download the app On Play Store or Apple Store

  2. Tell us about your business What’s your business name and industry

  3. Upload your ID and take a selfie We’ll securely verify who you are

  4. Get your current account approved in minutes We may ask for additional information if required

  5. You’re all set! Your account is ready to go – we’ll send your card in a couple of days

Open a free account

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 Why Switch to Tide? 

  • Get all your business admin done in one place effortlessly by switching your existing business bank account over to Tide with the Current Account Switching Service.

  • It’s free, easy and we’ll handle all of it for you.

  • Simply fill out your old bank details and the switch will be done automatically, reliably and hassle-free.

Our sole trader bank account has a suite of tools, made to save you time and money

Streamline your finances easily and access the tools you need, straight from the app.

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Payment Links

Send payment links in seconds for easy online card transactions.

Auto-categorisation

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

Direct Debit

See and manage any Direct Debits easily, straight from the app.

Apple/Google Pay

Set-up Apple and Google Pay to make every payment a breeze.

CSV exports and more

Export your transactions in multiple formats or share with your accountant.

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The all-in-one platform for managing your business seamlessly

Explore our additional tools designed to take your business to new heights.

Tide Accounting 

Make completing Self Assessments and VAT returns seamless with Tide Accounting.

Learn more

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Business Savings

Put your money to work with 4.33% AER variable interest. T&Cs apply

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Tide Card Reader

In-person card payments without the fuss. Get unlimited mobile data and get paid anywhere.

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Business Loans

Apply for finance to keep your business growing, without impacting your credit score.

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The sole trader bank account that grows with you

No matter where you are in the journey, Tide will be with you every step of the way—from just starting out to growing bigger.

Tide Mastercard in blue

Free

£0.00+ VAT MONTHLY

Open a free account
  • Your Tide business card Free
  • Expense Cards for your team £5 / month
  • Transfer in & out 20p per transfer
  • ATM withdrawals £1
Tide Plus Card

Plus

£9.99+ VAT MONTHLY

Plus account
  • Your Tide business card Free
  • Expense Cards for your team 1 free card included
  • Transfer in & out 20/month free
  • ATM withdrawals £1
Tide Pro Mastercard in black

Pro

£18.99+ VAT MONTHLY

Pro account
  • Your Tide business card Free
  • Expense Cards for your team 2 free expense cards included
  • Transfers in & out Unlimited
  • ATM withdrawals £1
Tide Cashback Mastercard in black

Cashback

£49.99 +VAT / month

Cashback account
  • Your Tide business card Free
  • Expense Cards for your team 3 free expense cards included
  • Transfers in & out Unlimited
  • ATM withdrawals £1

Am I eligible for a sole trader bank account?

Applying for a sole trader account with Tide is easy; however, there are a few things you need to check to ensure you’re eligible.

Your business must be UK-based

You can’t be in any business partnership

Your business can’t be managed by another legal entity

Your business isn’t registered on Companies House

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Claire PedleyThe Poured Project

Once I’d filled in the application online, the account was active in about an hour. I can’t stress how easy Tide is to use.

Sole trader account FAQs

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

Start your journey and open a business bank account today

Tide is about doing what you love. That’s why we’re trusted by 400,000+ sole traders, freelancers and limited companies throughout the UK.

Open a free account

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