Better Business Banking with Tide & FreelanceUK
Get 1 year of free transfers.
Just use the code: FREELANCEUK
No monthly or annual fees
We take a tiny fee when you move money between accounts or move cash
Card payments (UK and abroad)
Transfers in and out of accounts
Transfers between Tide accounts
ATM cash withdrawals
Post Office – 0.5% (minimum £2.50)info£2.50 for deposits up to £500 or 0.5% of the total deposit amount for deposits over £500
PayPoint – 3%
Trusted by over 450,000 UK businesses
Getting started is easy
No queuing or appointment required
Download the app
On play store or app store
Tell us about your company
Like what you do and any shareholders
Scan your ID and take a selfie
To securely verify who you are
Most accounts approved in minutes
Sometimes we ask for more information
Business Account FAQs
Can I deposit cheques?
We don’t accept cheque deposits at the moment. However, we understand that cheques aren’t going away any time soon. In 2022, we’ll look into smart ways to process cheques and will contact you when we’ve put these in place.
HM Revenue and Customs (HMRC) is one of the most common issuers of cheques. 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 bank transfer only. We don’t issue remaining balance cheques at this stage.
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
That’s just the beginning! You can see more on our features page.
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.
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 will be credited to your Tide account within a few minutes.
PayPoint deposits will show in your account after about 10 minutes.
Fees and Limits
The Post Office fees are:
- £2.50 for deposits up to £500
- 0.5% of the cash deposit amount for deposits over £500
There’s a 3% fee on the total deposit value at PayPoint.
At the Post Office, you can make monthly cash deposits of up to £25,000 and a yearly deposit of up to £300,000 (subject to transaction limits controlled by Post Office branches). Other currencies aren’t supported at the moment.
At PayPoint locations, you can deposit between £10–500 each day. Other currencies aren’t supported at the moment.
The fee is automatically deducted from the deposit at the time of processing.
You can deposit cash at any Post Office branch in the UK. If you’re having any issues, you can show them this FAQ.
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 Tide app, and we also offer different accounting solutions to best suit your business needs.
To get your transaction data, tap Export – it’s in the top right corner of your Accounts page, directly under the card icon.
Please note that you’ll need to filter your transactions by date or category before you export them.