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Connecting a bank account

What are the eligibility criteria for connecting an account to Tide?

To apply for access to Tide, you will need to meet our eligibility criteria outlined below:

You will need to hold a business current account with another banking provider, from which you are prepared to give Tide consent to access data. You will need to be the account holder of the above-mentioned account.

You’ll need to be aged 18 or above, have a valid UK phone number and hold a biometric-enabled device.

We’re on a mission to help business owners spend less time on money admin, and we want to enable as many small businesses as possible to do that. It’s a balancing act though, certain company types are more complex to onboard, so the scope of businesses we’re currently able to offer accounts to is a little more focused than your average high street bank.

We hope to broaden this scope as we grow, but currently, we’re unable to onboard the following types of companies:

  • Trading of cryptocurrencies

  • Trading of precious metals and stones

  • Money services (such as foreign exchange, loan providers, money transfers)

  • Casinos, prize draws and other betting or gambling activities

  • Sale of unlicensed pharmaceuticals

  • Sale or trade of cannabidiol (CBD) products

  • Trading of weapons, explosives or armaments

  • Unlicensed trading and processing of scrap metal

  • Unlicensed waste management

  • Sale, import and export of used vehicles or heavy machinery

  • Escort services and other services in the adult industry

  • Bidding fee auctions

  • Modelling agencies

  • Travel agencies

  • Car wash services

  • Political parties

  • Charities

  • CICs and CIOs

You can read more about this in our blog post: Providing financial security for our members.

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