Can I receive currencies other than GBP into my account?

Yes, other than GBP, you can receive EUR payments into your account. Payments sent to you in any other currencies will be rejected.

We’re on the road to let you accept payments in other currencies, starting soon with USD. We’ll let you know when we make this possible. Tide Credit Builder – designed specifically to help small businesses grow their credit worthiness and open up future options for funding.

To receive payments in euros, you'll need to get your International Bank Account Number (IBAN) and Bank Identifier Code (BIC), by agreeing to the T&Cs of our product. 

To do this and view your details, open the app and tap: Accounts > Details next to your main account > EUR SEPA. Then tap Share to send your IBAN with your payors from SEPA countries and receive payments in EUR from them. 

We’ll convert any euros you receive into pounds and credit them to your primary GBP Tide bank account, minus a 1.5% FX markup. For paid plan members, the FX markup is 0.5%.

You can learn more about EUR SEPA payments on our dedicated FAQ page.