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1 in 12 business current accounts opened in the UK was with Tide, within a year of our launch.
From consultants to cupcake makers, coders to coat makers, glass-blowers to graphic designers, the Tide account is for modern businesses.
We’d love to have you on board.Our members
No monthly or annual fees
We take a tiny fee when you move money between accounts or move cash
UK and abroad
Transfers in and out of accounts
Transfers between Tide accounts
ATM cash withdrawals
£1 Post Office
Trusted by over 250,000 UK businesses
Business Account FAQs
Can I deposit cheques?
We don’t currently accept cheque deposits.
We understand that cheques aren’t going to go away any time soon though. That’s why we’re looking at smart ways to process cheques, like an image clearing system which allows cheques to be deposited straight through your phone.
One of the most common issuers of cheques is HM Revenues and Customs. If you’ve received a cheque from HMRC, you can return it and request a direct bank transfer instead.
In instances where your account is being closed, any remaining funds will be returned to you by banking transfer only. At this stage we do not issue remaining balance cheques.
Which types of payment can I make?
All GBP payments sent from your Tide account are Faster Payments.
These can be processed as standard one time transfers, scheduled payments, standing orders, and Direct Debits.
What are Tide’s features?
Tide accounts come packed with smart and time-saving tools, letting you focus less on admin and more on your business.
- Full UK sort code and account number
- Business Mastercard, with free purchases at home and abroad
- Automatic categorisation of your transactions, for easy accounting
- Instant invoice payment and creation
- Up to £150,000 of credit, straight through the app
Can I make international payments?
For most of our members: not yet. Payments can only be made to and received from UK accounts. For now, you can use third-party services to send and receive international payments.
Some Tide members with limited companies have a Tide International Currency Account. If that’s the case for you, there’s a full list on our blog of which countries you can make payments to and receive payments from: International transfers: our new rules
Can I use an online IBAN generator to receive international payments?
No. There’s no guarantee your transfer will be directed to us if you’re using an online IBAN generator, it’s very risky and we wouldn’t recommend using this method under any circumstances.
Are there limits on my account?
That will depend on whether you’re a sole trader or a registered company.
Tap “Accounts” from your in-app More menu to see your full account limits, or to request a limit increase.
Can I set up a Direct Debit?
Yes! Tide supports outbound Direct Debits.
If you’re asked to provide the name and address of your banking provider, you can find the address in the app: More > Transactions > Direct Debits.
Please note that Direct Debits can take up to 5 days to become active once requested.
The Direct Debit process starts 8.00am Monday to Friday, excluding public holidays.
Do you offer overdrafts?
We don’t offer overdrafts but we’ve partnered with Iwoca to bring our members business loans.
With Iwoca, you can apply direct via Tide on the web for up to £250,000 of credit, which you can use as an alternative to a traditional overdraft.
This service is for eligible members only. If you’re eligible, you’ll be able to see Credit under the navigation bar when you log into Tide on the web.
How do I deposit cash?
We’ve partnered with the Post Office and PayPoint, so you can deposit cash at over 40,000 locations in the UK!
Here’s how to make a deposit:
- Find your nearest Post Office or PayPoint location
- Let them know you’d like to add money onto your Tide card
- Hand over your Tide card and any cash you’d like to deposit
- They’ll swipe your card and hand you a receipt
Post Office deposits made before 6pm will be added to your account the next working day, deposits made after 6pm will take an additional working day.
PayPoint deposits will show in your account after about 10 minutes.
Fees and Limits
There is a £1 fee for a deposit at a Post Office, and a 3% fee on the total deposit value at PayPoint.
The fee is automatically deducted from the deposit at time of processing.
You can deposit between £10–500 each day. Other currencies aren’t supported at the moment.
Can I have a monthly statement?
Yes! You can download a statement on the 4th of the following month.
Just tap More > Transactions > Statements, then select the months that you’d like to download a statement for.
Can I export my transactions?
You can export transaction data to CSV files directly from the app – we offer a few different formats to best suit your accounting needs.
The export button is located in the top right corner of your accounts page, directly under the card icon.
A business current account that's free, easy to open, and helps you start doing what you love.
Tide is about doing what you love. That’s why we’re trusted by 250,000+ UK businesses.