What fees will my clients be charged?

We don’t charge monthly or annual fees for our current account.

Your clients will only pay for what they use:

• Bank transfers (in or out) - 20p*

• Cash withdrawals in GBP - £1

• Cash deposits (through the Post Office) - £2.50 for deposits up to £500, or 0.5% of the total deposit amount for deposits over £500

• Cash deposits (through PayPoint) - 3% of the total deposit value

• Payments between Tide accounts - Free

• Card transactions in GBP (home and abroad) - Free**

 * The payment fee (20p) is automatically deducted. For Outbound transactions, your clients will see the amount plus this fee on their confirmation screen. Inbound payments will arrive minus the fee. 

Members on our Lite plan will get 5 free monthly transfers. Members on our Smart, Pro and Max plans also have a monthly free transfer allowance – check how it works for each plan over on this page.

** Free plan members are charged a fee of 2.75 % of the transaction amount, for card payments or ATM withdrawals in foreign currencies. Smart, Pro and Max plan members will not be charged this fee.

When you're on hybrid billing, we won't immediately charge you the fee for:

• All your Faster Payments

• CHAPS you receive

• Direct Debits you send

• Bankers' Automated Clearing Services (BACS) – that includes Direct Credits – you receive

When confirming the transaction, you’ll see on the transaction screen an icon noting that we'll keep track of these fees all through the month. On the 2nd of the following month, we'll collect them as an aggregated total.

Hybrid billing is now available to some of our new members. If you are billed in-line with each transaction and see the fee appear within the transaction screen, then you're still not on hybrid billing.