SWITCH BUSINESS BANK ACCOUNTS

Q: Will the Current Account Switch Service automatically transfer new payment arrangements if I set them up at my old bank within 7 working days of the switch date agreed with my new bank?

The Current Account Switch Service will take care of payments up until seven working days before your switch date. If you want to make new payment arrangements during this seven day period, you’ll need to do it on your new account.

Q: Does it cost to switch business bank accounts?

Switching accounts in the UK is free however not all current accounts are free to open and may charge a monthly fee. At Tide, you can open a free business bank account and switch without incurring any fees.

Q: Do you offer overdrafts?

Whilst we don’t offer overdrafts, we’ve partnered with Iwoca to bring you business loans – allowing you to apply for up to £150,000 of credit straight through the app, which can be used as an alternative to a traditional overdraft. Your clients can apply straight through the app, on the home screen. For more information visit our business loans page.

Q: What is CASS Guarantee?

The Current Account Switch Service makes switching your current account simple, reliable and stress-free. Over 10 million current accounts have been switched so far and over 50 banks and building societies are already part of the service. The Account Switch Service Guarantee means your new bank will switch your payments and transfer your balance, and your old bank will take care of closing your old account. So you don’t need to worry. All banks and building societies that display the Current Account Switch Guarantee Trustmark will follow the same switching process and must offer the same guarantees. You can read more about the guarantee here .

Thinking of switching business bank accounts?

By switching to Tide, you’ll gain access to simple payment solutions, built-in accounting and a dedicated savings account to earn interest on your business savings.

The good news is, with the Current Account Switching Service (CASS), the process is quick and easy. So you can make your money work for you and get back to doing what you love.

Switch to Tide

Why switch your business bank account to Tide?

Save time

Manage your finances in one place, on the go and straight from the app

£0 /month

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

Safe and secure

24/7 account monitoring, ensuring your money is safe

Earn high interest on your savings

Make your money work harder with our Tide Instant Saver Account

Switch to Tide

How long does it take to switch?

Under the Current Account Switch Guarantee, switching business bank accounts only takes seven working days. So, once you’ve chosen your switch date, you can sit back and relax whilst we take care of the details:

Your payments (such as Direct Debits, Standing Orders) will have all been transferred to your new account

The credit balance from your old account will have been transferred to your new account

Your old account will be closed

Switching business bank accounts is as easy as 1, 2, 3

Step 1

Open your Tide business bank account

Step 2

Enter the details for the account you want to move to Tide

Step 3

Pick a switch date that suits you and we’ll handle the rest

Switch to Tide

If you want to change business bank accounts but need a little help, call our dedicated switching team on 0204 538 8443 and we’ll help get you started.

How does the Tide business bank account compare?

We understand that the first step in switching business bank accounts is research. That’s why we’ve put together a handy comparison table, allowing you to see how Tide stacks up against both challenger and high-street banks.

We want you to experience first-hand why we believe Tide is the best option for small and growing businesses.

Compare business bank accounts

A switch you can rely on

When you switch business bank accounts, your old account will be closed and your payments and balance will be transferred to Tide.

It's safe

CASS comes with a guarantee – all payments from your old account will be made and if anything goes wrong, you won’t be left in the lurch.

It's easy

CASS makes switching your bank account simple, reliable, and hassle-free. Payments, such as standing orders and other regular transactions, will be moved to your new account.

It's fast

We'll need a few basic details from you to get the ball rolling. The switch itself can take up to 7 working days.

Need another reason to switch your business bank account to Tide?

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.

Switch to Tide

Switching business bank accounts FAQs

Will the Current Account Switch Service automatically transfer new payment arrangements if I set them up at my old bank within 7 working days of the switch date agreed with my new bank?

Does it cost to switch business bank accounts?

Do you offer overdrafts?

What is CASS Guarantee?

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 1.5 million sole traders, freelancers, and limited companies worldwide.

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