Firstly, it’s worth checking your credit score by getting copies of your business credit reports. You can review these for any errors and question anything you believe to be inaccurate with the credit agency. The best next step is to start to increase your creditworthiness. This can be done by using a credit card, or opening a line of credit. There are also sources of funding available, such as Start Up loans, which help new businesses with no credit history to fund their growth. Alternatively, equity and grant finance may be available that provide you with business loans based on the potential of your company, rather than your creditworthiness. Post Office or PayPoint location – you only need your Tide card.
We also offer Tide Credit Builder – designed specifically to help small businesses grow their credit worthiness and open up future options for funding.
You can’t deposit more than:
£25,000 per single deposit
£25,000 per month
£300,000 per year into your Tide account.
You can make multiple deposits, but the combined amount can’t be above any of the listed limits.
The Post Office have their own limits, and above amounts may vary from branch to branch.
Fees for deposits made at a Post Office:
£2.50 for a deposit of up to £500, regardless of which plan you're on
0.99% of the deposit if over £500, if you're on our Free plan
0.5% of the deposit if over £500, if you're on Smart, Pro or Max plan
PayPoint deposits made on weekdays are usually processed within 10 minutes. Deposits made late in the day, on a weekend or Bank Holiday, can arrive in your account on the next business day.
The minimum amount you can deposit at a PayPoint is £10, and the maximum is £500 per day.
Fees for deposits made at a PayPoint:
Important: All cash deposit fees are deducted automatically, at the time of processing. The amount you’ll receive in your account is your deposit, minus the fee.
