Manage your money with an additional account

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

Manage your additional accounts

View your additional accounts

Tap Payments > All Accounts

Choose your additional account

Scroll to see all your account details

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.

Switch to your chosen account

Tap Payments > Details > Account Limits

Change your account limits

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

Tap Accounts and select your account

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

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 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

Scroll to transactions > View more

Open a specific transaction > scroll to the bottom

Tap Close this account

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.