If you’re the director of a company registered with UK Companies House, you’ll be eligible for a Registered Business account. UK-based sole traders and freelancers with a valid UK residential address who are registered with HMRC are eligible for a Sole Trader account.

For both account types, you’ll need to be aged 18 or above, have a valid UK phone number, and hold a device registered to a UK App or Google Play store.

We’re on a mission to help business owners spend less time on money admin.

However, there are a number of high risk industries that we can’t take on, as this would mean not being able to focus our time and energy on the rest of our members.

As a result and going forwards, we will not be offering current accounts to businesses in the following industries:

• Third-party funds
• The holding, managing an/or controlling of a third party’s (client’s/customer’s) funds in the Tide account. This includes using the funds on behalf of other individuals
• Insurance companies (incl. insurance brokers)
• Trading of cryptocurrencies
• The wholesale of precious metals and stones
• Investments (incl. real estate investments)
• Money services (such as foreign exchange, loan providers, money transfers)
• Casinos, prize draws and other betting or gambling activities
• Sale of unlicensed pharmaceuticals
• Sale or trade of cannabidiol (CBD) products
• Trading of weapons, explosives or armaments
• Unlicensed trading and processing of scrap metal
• Unlicensed waste management
• Sale, import and export of used vehicles or heavy machinery
• Escort services and other services in the adult industry
• Bidding fee auctions
• Non-profit organizations, including charities
• CICs and CIOs

You can read more about this in our blog post: Providing financial security for our members.