Get your business off to a supa start
Free sign-up
You'll also get £50 and 1 year of free bank transfers when you open a business account*
Fast & secure
Sort code and account number in minutes. Safe, powerful and trusted by over 500,000 UK businesses
Mastercard
Spend on your contactless business Mastercard card in the UK and abroad with no fees and no commission
Get your business off to a supa start
The smart bank account for your business
With Tide you get a business account that's free, easy to open, helping you focus on doing what you love, and £50 cashback*
For companies of all shapes and sizes
From Freelancers to sole traders to limited companies that are small or growing - Tide has you covered
Account plans that scale with your business
Choose the plan that’s right for you, right now, and upgrade any time as your business grows
Register a company & open a business account for free
Tide can register your company and open your business account in one, even taking care of your company registration fees
Are you someone who works for themselves? Just started your own side-hustle? Or are you a business owner looking for business bank account? If the answer is YES, then look no further!
Trusted by over 500,000 members, the Tide business banking app comes packed with a host of features and benefits designed to bring you and your business financial wellbeing:
FREE sign-up and no monthly or annual fees
1 year of FREE UK transfers*
FREE Mastercard usage, at home and abroad
FREE transfers to Tide accounts
Register your company for FREE and open a business account, all at once
Create, send and manage your invoices all from place
A central London virtual office subscription (for a small monthly fee)
Order up to 35 additional Mastercards for team members
Make VAT returns a breeze with easy expense management - upload receipts and auto-match them to transactions, add notes and categories
In-app support available 24 hours a day, every day
Mobile first, but not mobile only. Manage your account in a way that works for your, whether it's in the palm of your hand, or from your computer
Access direct feeds with Xero, FreeAgent, Sage, Quickbooks and Kashflow to help you manage your accounts
Tide - smart bank account for your business
Tide - smart bank account for your business
How to choose the right business bank account for your needs
If you run a small business, you will already know the importance of having a reliable and convenient bank account that suits your needs. With many options available, it can be difficult to know how to choose the best one for your business.
When comparing business bank accounts, consider the following factors:
• Fees and charges: How much will you pay for monthly account maintenance, transactions, ATM withdrawals, foreign currency conversions, overdrafts etc.?
• Interest rates: How much interest will you pay on your borrowing and how much will you earn on your balance?
• Features and benefits: What perks and services does the account offer, such as online banking, mobile app, debit card, credit card, cheque book etc.?
• Customer service: Is it easy to contact the bank and get support when you need it? How satisfied are their customers?
• Reputation and security: Does the bank have a good reputation and is it trustworthy? Will your money and personal information be safe with them?
Got questions about Tide? Supacompare has you covered!
Tide is the leading provider of digital business banking services in the UK. Authorised and regulated by the FCA, they are on a mission to help small businesses save time and money. That's why they offer an easy to open, free business bank account with no monthly fee. With a powerful and simple to use Tide business bank account you will always be ready for business and joining the 500,000+ freelancers, sole traders and limited companies across the UK have already chosen Tide to take care of their business finance. To get you off to a great start, if you open a business current account with Tide and Supacompare you will get £50 and 1 year of free bank transfers*. Find out more here.
With a range of clever and time-saving tools included in the Tide account, you can concentrate more on your business and less on admin tasks:
Complete UK sort code and account number
A Business Mastercard that provides free home and international purchases
With a range of clever and time-saving tools included in the Tide account, you can concentrate more on your business and less on admin tasks:
Complete UK sort code and account number
A Business Mastercard that provides free home and international purchases
Automatic transaction categorisation for simple accounting
Instant creation and payment of invoices
Credit up to £150,000 directly through the app
And a whole lot more...you can see the full features of the Tide account here
Tide isn't a bank, it is a business financial platform and the UK's leading provider of digital banking services in the UK! They provide a wide range of products and services with the focus on helping their members save time and money on financial admin.
They are a Financial Conduct Authority (FCA) regulated company offering business bank accounts, provided by ClearBank, and e-money accounts provided by PrePay Solutions (PPS).
Yes, Tide does offer bank accounts! Currently there are two different accounts that they offer:e-money accounts: Provided under the licence of Pre-Pay Solutions Limited and regulated by the FCA, the funds in e-money accounts are stored and protected. Bank accounts: Provided by ClearBank who are also regulated by the FCA.
Bank accounts: Provided by ClearBank who are also regulated by the FCA.
With a bank account, the Financial Services Compensation Scheme (FSCS) will provide up to £85,000* in protection for eligible deposits.
With e-money accounts, your money is stored in electronic form and this can be used to send payments. Your money is kept in what is known as a Safeguarding Account. This means that that your money is stored separately from the money used to operate Tide.
* Eligible deposits with ClearBank are protected by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme up to a total of £85,000. This limit applies to the sum of any deposits you have with ClearBank. Any total deposits above this amount are unlikely to be covered.
You'll be eligible for a Registered Business account if you are a director of a company registered with UK Companies House. If you are a UK-based freelancer or sole trader with a valid UK registered address and are registered with HRMC you'll be eligible for a Sole Trader account.
For both of these accounts you also need to be 18 years of age or older, have a valid UK phone number and have a device which is registered to Google Play or a UK app.
If you operate in a high-risk industry, Tide may not be suitable for your needs. To find out more about the industries which are unable to join Tide click here.
The amount of time will depend on the application type, but due to Tide being focussed on saving their members time, over half of their new members this year opened their bank account in less than 10 minutes.
If your application can't be completed immediately due the complexities of your business, if you meet the eligibility criteria, it is still likely that opening a bank account with Tide will be quicker than most high street banks.
Tide will be able to verify your identity from most passports, international driving licences and European National ID cards. Tide will be able to verify your identity from most passports, international driving licences and European National ID cards.
No!
Tide perform electronic checks (run by third-party services) to verify your identity and comply with the regulations of UK anti-money laundering. These checks will appear on your credit report, but they will not impact your credit score.
Tide does not charge monthly or annual fees for their current account, you will only pay for what you use:
Bank transfers (in or out) | 20p |
Payments between Tide accounts | FREE |
Card transactions, home and abroad | FREE |
Cash withdrawals | £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 transaction value |
Yes!
With a ClearBank account, the UK Governments deposit guarantee scheme, the Financial Services Compensation Scheme (FSCS) will provide up to £85,000^ in protection for eligible deposits.
With e-money accounts, your money in your account is stored and protected. Your money in never invested or loaned out and is kept in what is known as a Safeguarding Account. This means that that your money is stored separately from the money used to operate Tide.
^Eligible deposits with ClearBank are protected by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme up to a total of £85,000. This limit applies to the sum of any deposits you have with ClearBank. Any total deposits above this amount are unlikely to be covered.
*Subject to promotional offer terms and conditions.
Tide offers bank accounts provided by ClearBank. ClearBank Ltd is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568). Registered Address: 4th Floor, Prologue Works, 25 Marsh Street, Bristol, England, BS1 4AX
At Supacompare.com, whilst we always endeavour to provide accurate information about the products, services and pricing of the providers featured on our site, these are controlled by the providers and not Supacompare.com. As such, the information is subject to change and may differ slightly from the information above.