At Tide, we call Standing Orders and future payments 'Scheduled Payments'. You can set Scheduled Payments up on a weekly, monthly or one-off basis.
It’s easy to set up a scheduled payment. In the Tide app, tap:
‘Payments’ > ‘Send Money’> ‘Make a Payment’ > select a Payee or ‘Pay someone new’.
Once you’ve selected a Payee, enter the amount and a reference for the payment and toggle on ‘Schedule this payment’. Then, you’ll be able to choose the frequency and the first date of the payment, and authorise it.
Recurring payments can only be processed on business days.
On Tide on the web, go to: ‘Account management’ > ‘Scheduled payments’.
Important: As a security measure, we may limit how much you can send to your newly added payee within the first 3 hours.
There’s no cost to set up a Scheduled Payment, but transfers are charged at the normal rate of 20p per outbound Faster Payment. If you’re a Tide Plus or Cashback member, Scheduled Payments will be included in your free transfer allowance for the month.
You can schedule one-off payments up to one year in advance. Weekly and monthly scheduled payments can start from the day you create them,, and up to one year in advance.
Your usual account limits apply to Scheduled Payments. See your account limits in the app by tapping ‘Payments’ > ‘Details’ > ‘Account Limits’. If you need to transfer more than your limit allows, tap ‘Support’ in the app to request a limit increase.
