Open and manage your Additional Tide Business Current Account

An additional account sits under your main Tide account, and is there to help you better manage your finances.

On this page we'll show you:

How you can and can't use an additional account

How many you can have and how much do they cost

What are the payment limits

How to get a statement

How to close your additional account

How you can and can't use your additional account

Use it to:

Set money aside for marketing, supplies, salaries, emergencies and other expenses

Separate capital expenditures from daily expenses

You can either top-up your additional account, or receive bank transfers and Payment Links settlements for these purposes.

You can't use it for:

Running another business or limited company, or to separate the money of your business from the money of your clients

Receiving payments with a card reader or Tap to Pay on iPhone

You can set up Direct Debits and Standing orders for your additional account, just as you do this with your main account.

Additional accounts monthly fees

Additional accounts used to be free to hold, but we’ve made some changes. They took effect on 1 December 2024 for members who joined Tide before 15 October 2024, and on 15 October 2024 for members who joined on or after that date.

If you’re on a paid plan, you can open up to 1, 2, or 3 additional accounts - depending on your membership

If you’ve opened additional accounts before 15 October 2024, we’ll charge you £4.99 per month, for each existing account above the limit of your current plan This also applies if you downgrade to a plan with lower allowance. If you want to open new additional accounts, you can do so only at a paid plan according to its limit

Standard plan members can't open new additional accounts

Regardless of your plan, it's always free to open a:

Main Tide account

You can open Tide accounts for each one of your businesses and easily manage them through the app, and on Tide on the web

Tax account

If you're subscribed to Admin Extra, you can have an account to set money aside specifically for taxes

Tide Instant Saver account

Put your money to work and earn a competitive interest rate on your business savings, depending on your deposit and Tide plan

*These options are subject to eligibility and Tide's Terms

Open an additional account

It's really easy:

In the app, go to Accounts > Add

We’ll ask you for your business details – like your registered business name and the purpose of the additional account

Then, you’ll need to authenticate with a fingerprint or face recognition, and the account will be created automatically

Switch between accounts

There are two ways to see and switch between the accounts of a single business in the app:

Tap Accounts > swipe left or right to see your accounts > tap the one you want to view

Tap Accounts > select one from the list

Additional account limits

While your main account and each additional account have their own balance limit, transaction limits apply to the business as a whole. You can view your account limits in the app.

To view individual account limits, first switch to your chosen account, then tap: Accounts > Details > Account Limits.

If you’d like to change your account limits, tap Accounts > Request Limit Increase.

See more about what types of limits apply to your Tide accounts.

Get a statement

Statements for additional accounts are issued in the app, on the 4th of the following month, for the previous month – just like your main account.

Need one with a custom date range?

Tap your initials in the top-left corner > Profile and Settings

Select Bank account > Statements and documents > Account Statements > Custom date range

Select the date range you need and download the statement

Close your additional account

Before you request an account closure

Make sure you’ve downloaded your statements, and that the account balance is 0

If you’re paying for an additional account and want to close it, you’ll need to do this before the end of the current month. If you close the account on or after the 1st of the following month, we’ll collect the monthly fee for that month

When you're ready:

Open your Tide app and tap Payments > All accounts

Select the Additional current account you'd like to close

Then tap Details > Close account