Get £40 on us! Open a business current account with Tide and Lexarox Ltd
To get you off to the best start, we’ll give you £40 and 1 year of free bank transfers when you open a business account with us!*
Just use the code: LEXAROX
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 – £1
PayPoint – 3%
Trusted by over 350,000 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
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 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.
You can deposit cash at any Post Office branch in the U.K. If you are 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 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.