BUSINESS BANK ACCOUNT

Q: Is Tide a bank?

No, Tide isn’t a bank. Tide is a business financial platform and the leading provider of digital business banking services in the UK. We are regulated by the Financial Conduct Authority (FCA) and offer e-money accounts, provided by PrePay Solutions (PPS), as well as business bank accounts, provided by ClearBank. We believe that this model gives us the opportunity to provide a wider range of products and services to our members, helping them to save time (and money) on their financial admin.

Q: Can I apply from outside the UK?

Yes! However, you must have a UK residential address and phone number. Applicants who are not based in the UK may apply for a business bank account , as long as they are directors of a company registered with UK Companies House. In some cases, we may have to complete additional checks in order to process your application. Don’t forget – you’ll need to switch your App or Google Play store to the UK to download Tide.

Q: Can I deposit cheques to my Tide account?

You can now digitally deposit cheques using the Tide app. You can’t deposit cheques at the bank or the Post Office. We only support cheques made out in GBP. Other currencies won’t be accepted. Just a heads up – you can only deposit your cheques if your sort code is 04-06-05. See how to make a digital cheque deposit over on this page .

Open a Tide business account, earn £100 cashback

Open a free UK business current account in minutes and get everything you need to run a better business.

Access simple payment solutions, built-in accounting and a dedicated savings account.

*If you complete the application between 13/10/25 – 31/12/2025 (inclusive) and spend £100 within 30 days of opening an account we’ll give you £100 cashback. Enter code 100CASH25 when you sign up. T&C apply

Open a business account

Disclaimer: Tide Insurance is provided through our partner, Admiral.

Get paid your way, instantly

Tap to Pay

Accept contactless payments directly on your phone. No extra hardware needed, just instant peace of mind as funds go straight into your Tide account.

Tide Card Reader

A portable device for taking payments any time, anywhere. Buy the device upfront and only pay a small transaction fee on what you use – no hidden costs.

Payment Links

Send a secure link quickly via text or email so customers can pay you instantly online.

Customisable Invoices

Send free, professional invoices that get you paid on time.

Digital Wallets

Easily connect your Tide card with Apple or Google Pay for quick, secure spending.

Compare our plans and pricing in full

Our mission is to save small businesses time and money. That’s why we offer a free business bank account with no monthly fee. Choose the plan that’s right for you now and upgrade any time as your business grows.

	Free	Smart	Pro	Max
Monthly fees	Free	£12.49	£24.99	£69.99
UK card transactions	Free	Free	Free	Free
Foreign currency card transactions	2.75% FX fees	0% FX fees	0% FX fees	0% FX fees
Transfers to/from other bank accounts	20p / transfer	25 free transfers	Unlimited free transfers	Unlimited free transfers
Transfers to/from foreign bank accounts	20p/transfer + 1.50% FX fee	20p/transfer above free limit + 0.50% FX fee	No transfer fee + 0.50% FX fee	No transfer fee + 0.50% FX fee
ATM withdrawals	£1	£1	£1	£1
Cash deposits at the Post Office	0.99% (minimum £2.50)	0.5% (minimum £2.50)	0.5% (minimum £2.50)	0.5% (minimum £2.50)
Cash deposits at a PayPoint	3%	3%	3%	3%
Digital cheque deposits	70p + 20p standard transfer fee	70p + 20p standard transfer fee	70p + 20p standard transfer fee	70p + 20p standard transfer fee
Linked Instant Saver Interest	2.52% on up to £75k, 0.00% on £75k+	3.04% on up to £100k, 0.00% on £100k+	3.35% on up to £100k, 3.55% on £100k - £150k, 0.00% on £150k+	3.35% on up to £100k, 3.55% on £100k - £500k, 3.86% on £500k - £1m
Additional accounts	Not available*	1 free additional account	2 free additional accounts	3 free additional accounts
Expense Cards	£5/month per card	1 free expense card	2 free expense cards	3 free expense cards
Virtual debit card	check_circle	check_circle	check_circle	check_circle
Team Access	Free read-only access	1 team member with enhanced access	2 team members with enhanced access	5 team members with enhanced access
Invoicing	Send 3 free invoices per month	Send 3 free invoices per month	Send 3 free invoices per month	Unlimited
Payment links	check_circle	check_circle	check_circle	check_circle
Tap to Pay	check_circle	check_circle	check_circle	check_circle
Free integration with third party accounting software	check_circle	check_circle	check_circle	check_circle
Tide Accounting	From £13.99	From £13.99	Tide Accounting free	Admin Extra free
Payroll software	£12 + VAT/month	£12 + VAT/month	£12 + VAT/month	Included
Benefits and rewards	Basic member perks	Enhanced rewards	Enhanced rewards	Enhanced rewards and 0.5% cashback on card purchases
Support	Chat support	Prioritised chat and phone support	Prioritised chat and phone support	Prioritised chat and phone support, dedicated member support and priority callback on weekends
Legal help	Not available	24/7 legal helpline with trademark filing & disputes support	24/7 legal helpline with trademark filing & disputes support	24/7 legal helpline with trademark filing & disputes support
Credit Flex	Subject to eligibility	Subject to eligibility	Subject to eligibility	Subject to eligibility
Inbound SWIFT payments	£1 for transactions <£100 \| £5 for transactions ≥£100	Included in 25 free transfers, standard fee then applies	Free	Free

* Additional accounts that are already open and beyond the respective plan's limit will have a fee of £4.99 per month per account.

Free business bank account FAQs

Is Tide a bank?

No, Tide isn’t a bank.

Tide is a business financial platform and the leading provider of digital business banking services in the UK. We are regulated by the Financial Conduct Authority (FCA) and offer e-money accounts, provided by PrePay Solutions (PPS), as well as business bank accounts, provided by ClearBank.

We believe that this model gives us the opportunity to provide a wider range of products and services to our members, helping them to save time (and money) on their financial admin.

Can I apply from outside the UK?

Yes! However, you must have a UK residential address and phone number. Applicants who are not based in the UK may apply for a business bank account, as long as they are directors of a company registered with UK Companies House. In some cases, we may have to complete additional checks in order to process your application.

Don’t forget – you’ll need to switch your App or Google Play store to the UK to download Tide.

Can I deposit cheques to my Tide account?

You can now digitally deposit cheques using the Tide app. You can’t deposit cheques at the bank or the Post Office.

We only support cheques made out in GBP. Other currencies won’t be accepted.

Just a heads up – you can only deposit your cheques if your sort code is 04-06-05.

See how to make a digital cheque deposit over on this page.

Help, my question isn’t answered here Find answers to all our most frequently asked questions about opening an account

BUSINESS BANK ACCOUNT

Open a Tide business account, earn £100 cashback

Everything you need from your free business bank account

£0 /month

FSCS-protected

24/7 support

Deposit cash

Auto-categorisation

Switch hassle-free

Get paid your way, instantly

Tap to Pay

Tide Card Reader

Payment Links

Customisable Invoices

Digital Wallets

Compare our plans and pricing in full

Free

Smart

Pro

Max

Monthly fees

UK card transactions

Foreign currency card transactions

Transfers to/from other bank accounts

Transfers to/from foreign bank accounts

ATM withdrawals

Cash deposits at the Post Office

Cash deposits at a PayPoint

Digital cheque deposits

Linked Instant Saver Interest

Additional accounts

Expense Cards

Virtual debit card

Team Access

Invoicing

Payment links

Tap to Pay

Free integration with third party accounting software

Tide Accounting

Payroll software

Benefits and rewards

Support

Legal help

Credit Flex

Inbound SWIFT payments

Everything became digital, and Tide just made it so easy. Everything was easy to set up. We didn't need tremendous amounts of paperwork or history to set up an account.

Free business bank account FAQs

Is Tide a bank?

Can I apply from outside the UK?

Can I deposit cheques to my Tide account?

We understand businesses, it's all we do