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?

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

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.

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?