Tide Logo
Tide Logo
Tide Logo
Tide Logo

BUSINESS BANK ACCOUNT

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 October - 31 December (inclusive) and spend £500 within 90 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.

Everything you need from your free business bank account

With over 2 million freelancers, contractors, and scaling businesses trusting in Tide worldwide, we’re committed to building you the best business bank account to help you set up your business smoothly.

£0 /month

Only pay for what you use, with low transaction and ATM fees.

FSCS-protected

Up to £120,000 protected by the Financial Services Compensation Scheme.

24/7 support

Start a chat and get help in the app anytime, 365 days a year.

Deposit cash

At any post office or PayPoint location.

Auto-categorisation

We automatically tag your income and spending. Customise the labels to suit your business.

Switch hassle-free

Switch your business bank account to Tide in a few taps

Open a free business bank account

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.

See all features

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.

 
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Free
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Smart
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Pro
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Max

Monthly fees

Free

Free

£12.49

£12.49

£27.49

£27.49

£69.99

£69.99

UK card transactions

Free

Free

Free

Free

Free

Free

Free

Free

Foreign currency card transactions

2.75% FX fees

2.75% FX fees

0% FX fees

0% FX fees

0% FX fees

0% FX fees

0% FX fees

0% FX fees

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

Transfers via CHAPS

£15 per transfer

2 free transfers, then £15 each

2 free transfers, then £15 each

5 free transfers, then £15 each

SWIFT payment

SWIFT in foreign currency

ATM withdrawals

£1

£1

£1

£1

£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%

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

up to 2.27% AER

up to 2.27% AER

up to 2.78% AER

up to 2.78% AER

up to 3.29% AER

up to 3.29% AER

up to 3.74% AER

up to 3.74% AER

Additional accounts

Not available*

Not available*

1 free additional account

2 free additional accounts

3 free additional accounts

Expense Cards

Additional team member seats: £5/month each (includes 1 physical card + up to 5 virtual cards)

Seats included: 1 free

Seats included: 2 free

Seats included: 3 free

Virtual debit card

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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

Unlimited

Payment links

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Tap to Pay

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Free integration with third party accounting software

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Tide Accounting

From £13.99

From £13.99

From £13.99

From £13.99

Tide Accounting free

Admin Extra free

Free Making Tax Digital tools

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Payroll software

£12 + VAT/month

£12 + VAT/month

£12 + VAT/month

£12 + VAT/month

£12 + VAT/month

£12 + VAT/month

Included

Included

Benefits and rewards

Basic member perks

Enhanced rewards

Enhanced rewards

Enhanced rewards and 0.5% cashback on card purchases

Support

Chat 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

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

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.

Matt HerdBeaucroft Watches

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

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.

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.

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

We understand businesses, it's all we do

Tide is built by business owners for business owners. That’s why we’re trusted by over 2 million sole traders, freelancers, and limited companies worldwide.

 Open an account

Tide | Do what you love.
Tide Platform Limited (Tide) designs and operates the Tide website and app. Tide is not a bank. Tide is authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 under firm reference number 900843 for the issuing of electronic money and the provision of payment initiation services and account information services under the Payment Services Regulations 2017. Tide is also authorised and regulated by the Financial Conduct Authority in relation to its credit and insurance broking activities (firm reference 718743). Tide is incorporated and registered in England and Wales with company number 09595646 and registered office at 4th Floor The Featherstone Building, 66 City Road, London, EC1Y 2AL. Tide offers bank accounts powered by ClearBank® Ltd (ClearBank) (account sort code is 04-06-05). ClearBank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 754568. Eligible deposits with ClearBank are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. For further information visit Home. ClearBank Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568). Registered Address: ClearBank, Level 27, The Broadgate Tower, 20 Primrose Street, London, United Kingdom, EC2A 2EW. Eligible deposits held in the Tide Business Current Account (powered by ClearBank) are covered by the Financial Services Compensation Scheme (“FSCS”) subject to eligibility. All eligible deposits at the same bank are aggregated to determine the coverage level for each depositor up to £120,000, therefore if you have any other product/services with ClearBank these will be aggregated. To find out more and to check your eligibility please visit: About us . Some of Tide’s members also hold e-money accounts powered by PrePay Technologies Limited (PPT) (account sort code is 23-69-72). PPT is an electronic money institution authorised by the FCA under the Electronic Money Regulations 2011 under firm reference number 900010 for the issuing of electronic money. PPT holds an amount equivalent to the money in Tide current accounts in a safeguarding account which gives members protection against PPT’ insolvency. Tide Cards may be issued by both Tide and PPT, who are licensed by Mastercard International for the issuance of cards. The issuer of your Tide card will be identified on your monthly card statement. Tide Capital Limited is an appointed representative of P1 Investment Services Limited which is authorised and regulated by the Financial Conduct Authority under firm reference number 752005 to carry out such regulated activities as are involved in the provision of Tide Investment Account. Seccl Custody Limited is the custodian of assets held in Tide Investment Account and is authorised and regulated by the Financial Conduct Authority (firm reference number 793200) and registered in England and Wales under No. 10430958. Registered office 20 Manvers Street, Bath BA1 1JW. Tide, the Tide logo, the Swell, and Do Less Banking are trademarks and trade names of Tide Platform Limited, and may not be used or reproduced without the consent of the owner.