A direct debit is a convenient payment method where you authorize a payee to automatically withdraw funds from your Tide Business Account. You can use it to pay your bills, your rent, or your taxes automatically.
You can set up and schedule multiple direct debits. In the app, you can find this path under "Send Money" → "Manage" → "Direct debits".
SEPA direct debits can only be set up in euros through our SEPA Core direct debit scheme, which allows the collection of funds from your Tide Business Account. Currently, we do not support the SEPA B2B direct debit scheme.
Direct debits to other banks outside of Tide cost 20 cents per transaction. The Smart Plan includes 50 free transfers per month. You can find a complete price list here.
