How to add and manage additional accounts

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

Open an additional account

What you can use your additional account for

They're a great way to set money aside for things like marketing or payroll. You can also use them to separate your capital expenditure from daily expenses.

Additional accounts can't be used to:

Run another business or limited company (instead use multi business)

Separate the money of your business from the money of your clients

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

Who can open an additional account

If you’re on a paid plan, you can open up an additional account:

Smart plan: 1 free additional account

Pro plan: 2 free additional accounts

Max plan: 3 free additional accounts

Open your account

Tap Pay > All accounts > Add account

We’ll ask you for your business details, such as your registered business name and the purpose of the additional account

Verify your ID with a fingerprint or face recognition, and your account will be created automatically

Manage your additional accounts

View your additional accounts

Tap Pay

Choose your additional account from your stacked accounts

Scroll to see your account details

View your statement

Statements for additional accounts are issued on the 4 of the month. If you'd like one with a custom date range:

Tap your initials in the top-left corner

Tap Profile and Settings > Bank account > Statements and documents

Tap Account Statements > Custom date range

Select the date range you need and download the statement

View your additional account limits

Your main account and each additional account have their own balance limit. Your transaction limits apply to the business as a whole.

Tap Pay and select your account from the stacked accounts

Tap Details > Account limits

Change your account limits

You can request increases for your account balance, monthly transfer and per-transaction limits:

Tap Pay and select your account from the stacked accounts

Tap Details > Account limits > Request limit increase

We'll review your request and let you know the outcome

Find it by tapping the Support icon > Messages

Additional accounts monthly fees

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've opened additional accounts after 15 October 2024, you won't pay anything for your additional accounts. This is because they're free with your plan and how many you have is limited.

Closing your additional account

Step 1: Reduce your balance to £0

Move all money from your Tide account to an account of your choosing.

This is different to a common scam in which fraudsters ask you to move money.

In a scam, fraudsters will tell you which account to move your money to.

When you're closing your Tide account, you can choose where to move your money to.

Tide will never tell you where to move your money.

Step 2: Download any statements you need

Tap the Profile icon > Profile & Settings > Bank account

Tap Statements and documents > Account statements

Select the month(s) you'd like to download

Tap Share to save your document as a PDF

Step 3: Cancel any ongoing payments

Your scheduled payments, such as direct debits, will need to be cancelled and set up again in your new account.

You can also close your account and open a new one using the Current Account Switch Service (CASS). This will automatically set up most of your scheduled payments in your new account.

Step 4: Close your account

Tap Pay and select your account from the stacked accounts

Scroll to the bottom and tap Request account closure

If you’re paying for your additional account, cancel 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.