Opening a business bank account with Tide is a simple process that takes no more than 10 minutes.
Here is a step-by-step guide on how to get started:
Apply online or via the Tide APP.
Tide will send you a text message with a link to download the App.
Submit your basic business information, including your name, phone number, email address, and limited company name.
Use the App to scan your ID and take a selfie for verification purposes. Accepted IDs include driving licenses, passports and most European National ID cards.
Provide additional details about your business, such as the number of directors, and what your business does.
Most business bank accounts will be approved within minutes, and your account will be active immediately. Your bank card will be delivered to you within a few days.
This streamlined process allows you to quickly and easily establish a business bank account with Tide, giving you the financial tools you need to grow and manage your business.
£50 cashback with promo code EXPERT£50
Tide Free Business Account
Monthly Fee
£0Bank Transfers
20pCard Purchases
£0Overdraft
NoFSCS Protection
YesAccessibility
Access your Tide account via the web or the mobile app
- No Monthly Fee
- Account Upgrades Available
- FSCS Protected
- No Cheque Deposits
- Not Opened to Partnerships and Charities
- FSCS Protected
- No Monthly or Annual Fee
– You must be at least 18 years old.
– You must have a valid UK phone number.
– You must have a device that can access the UK Apple App Store or Google Play Store.
– You must be either the director of an active company registered with UK Companies House or a sole trader/freelancer registered with HMRC.
– Charities/trusts and other high-risk industries are not eligible.
– Businesses operating from outside the UK are excluded.
Opening a Tide Business Account: What are the Requirements?
To open a business account with Tide, you must be 18 years old and have a valid UK phone number.
- You should be the the director of a limited company registered with UK Companies House, or a sole trader registered with the UK tax authority (HMRC)
- You need a valid UK residential address.
- You must have a device registered to a UK app store, such as the App Store or Google Play. The App is necessary to download the Tide mobile app, which is essential to the account opening process.
- Individuals not based in the UK but with European identification documents and a company registered with UK Companies House may be eligible to open an account with Tide.
Who Can’t Open a Tide Account?
| Industries Excluded from Opening a Tide Business Account |
|---|
| Third-party funds |
| Businesses which hold, manage, and/or control a third party’s (client’s/customer’s) funds in a Tide account. This includes using the funds on behalf of other individuals |
| Insurance companies or brokers |
| Trading of cryptocurrencies |
| Wholesale of precious metals and stones |
| Investments (including real estate investments) |
| Money services (such as foreign exchange, loan providers, and 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 |
| Non-profit organizations, including charities |
| Community interest companies (CICs) and charitable incorporated organizations (CIOs) |
