Tide Platform Limited designs and operates the Tide website and app. You’ll be able to generate a sort code and account number online, in just a few minutes, to get up and running quickly. However, Tide is restrictive in terms of there being no international system, and Revolut could cost you more in the long run. Spend on your card in the UK and abroad with no fees and no commission. One of their core aims is to take the admin burden off the shoulders of sole traders and micro-business owners. Here are the key features of the Tide Banking business current account… Genuinely free business banking. Just email the team at hello@tide.co They’ll advise next steps, tell them you were speaking with Felicity. Same as always, send us a message in the app and you’ll automatically be bumped to the top of the queue. For your first month, you’ll be charged pro-rata, so if you sign up on the 16th we’ll only charge you for the 16th until the end of that month. Tide is the perfect alternative to high street banks for limited companies and sole traders. Tip: You can expense the fee as a ‘bank/finance charge’. A smart business current account that gives business owners back their time. Tide Business account scam. Read more about VAT rates at the Government website: The Upside of Using a Tide Business Account. Can my business partner or employees access my account? Three Different Levels of Business Accounts. Account Reader Log in for read access. Great service and is really secure. Both Tide and Revolut Business offer plenty of perks and features for new business owners. Your cookie preferences. Tide, the Tide logo, the Swell, and Do less banking are trademarks and trade names of Tide Platform Limited, and may not be used or reproduced without consent of the owner. If you lose your phone, email us at hello@tide.co and we can help cancel your card and freeze your account. Cash withdrawals – £1. Tide Plus is £9.99 + VAT per month. For your security, our phone support team will take a few minutes to verify your identity – just like high street banks. Link your account to software like Xero, QuickBooks and more. A UK sort-code and account number. Plus membership is £9.99 + VAT per month. Analyze average rating, monitor reviews, reply to reviews, and gain product insights from user feedback in one workspace. Our business account app is built for small businesses, sole traders, freelancers, entrepreneurs, contractors and … I am sorry if Tide is not the right solution for your business at this stage of our journey and we hope to welcome you back in the future. Our online business current account app is built for small businesses, sole traders, freelancers, entrepreneurs, contractors and start-ups, because we believe the world would be a better place if more people gave it a shot. We automatically tag your income and spending. Tide is the perfect alternative to high street banks for limited companies and sole traders. Bank transfers (in or out of your account) – 20p (compared to 35p at most High Street banks). We're an approved formation agent with a secure Companies House integration, so you're in good hands. You can unsubscribe anytime using the link in the footer of any of our emails. Set up sub-accounts to ringfence money for expenses. My whole question is regarding “client money” in order to adhere to client money protection regulations. What a brilliant service, fast and accurate. How long does it take to open an account? What is a Tide business account? 2019-03-08 15:45:04 UTC #5. 20 FREE transfers per Follow these steps are you'll be upgraded instantly. Will I be charged for using my card abroad? Set up was very easy, sent my card by post which came quickly, and everything’s working as should. Email Address Please leave this field empty. After months and months of trying to set up an account with the big banks, we got tired of the long process and explored the option of smaller business banks. Tide is not a bank, the Tide current account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd which is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money. By subscribing you agree to receive marketing communications from Tide. You will then be able to send us a message and someone from our team will get back to you as soon as possible. Speedy setup and easy to operate via app, Easy to use! We have to charge VAT (value added tax) on the fee for Tide Plus membership. Create and pay invoices with a tap - anytime, anywhere. Join us for FREE today and upgrade when you’re ready. KLD. We pursued this application until the Bounce Back Loan Scheme (BBLS) was announced in April. Powerful and simple. Then on the 4th of the following month, you’ll be charged for the full month as usual. Tide is an alternative ‘bank' account aimed at small businesses, freelancers, and independents. abramjohn 2020-09-30 09:53:07 UTC #7. Tide Platform Limited designs and operates the Tide website and app. Not yet registered? Before we start, a very quick summary of what Tide is. The Tide business account is not a full-fledged bank account (Tide is not a bank), instead functioning as an e-money account with an accompanying Debit Mastercard to use online and in stores. Hi thanks, however these are still current accounts and assets of the business. The Tide card is also issued by PPS pursuant to license by Mastercard International. The Tide team can be contacted through a variety of channels: Via the in-app chat: Tap the Help tab at the bottom of your screen and select Start a New Request. Whether you’re a freelancer just starting out, or have an established business with a growing team, you can get yourself a Tide current account. You can upgrade or downgrade anytime. The fee for Plus membership is different from our standard fees for transactions, which are exempt from VAT. Tide business banking has been in the UK market since 2015. Upgrade to Plus to unlock 20 free transfers a month, a legal helpline and your own account manager available by phone. Tide also 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 under registration number 754568). Their mission is to “help business owners spend less time on money admin”. We have a financial arrangement with Irwin Mitchell LLP who provide a legal helpline to our members. Tide is a fintech app which offers business accounts to small businesses and freelancers, hoping to relieve them of some of the financial stress that comes with a growing company. So 3.5 hours after contacting Tide on a Bank fraud scam I still have not received any reply. With Tide Plus, you get 20 free transfers a month. Upgrade to Plus to unlock 20 free transfers a month, a legal helpline and your own account manager available by phone. Tide prides itself on being a modern banking experience. Manage your finances in a way that works for you, whether it’s in the palm of your hand, or from your computer. What do you get? ‎Welcome to a smart business account. Hello, My account is frozen and I cannot get into contact with anyone from Tide. It contains a debit card or master card for shopping purpose. Apply within minutes and get set up all in one go. It’s easy, secure and convenient. This includes all inbound and outbound Faster Payments, CHAPS, BACs and Direct Debits. A little while ago I showed you how to open a Tide account as a sole trader in the UK. Customise the labels to suit your company. Tide is not a bank, the Tide current account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd which is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money. The app automatically picked up my registration number from companies house and I was able to scan in all of the requested ID documents, using the camera on my phone. If you aren't already a Tide member, sign up for a Tide account, Tap Plus and you’ll be upgraded instantly, Your account number and sort code stay the same and you can start using your fee-free transfers immediately. Tide exists to support small businesses so when, in March, the Chancellor announced support for SMEs in the Budget, we immediately expressed our interest in becoming an accredited lender for the Coronavirus Business Interruption Loan Scheme (CBILS). Be the first to hear about our webinars, new features and business tips to help you save time and money. Tide is not a bank, the Tide current account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd which is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money. The Pro account comes with additional features such as specialist tax pots, multi-user access, invoicing and exclusive business offers. The Tide business current account can be opened in minutes and managed from anywhere, directly from their mobile app. PPS … Tide offers bank accounts provided by ClearBank (ClearBank® Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority; registration number 754568). Eligible deposits with ClearBank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. helpline. Use the app to freeze, unfreeze, or cancel and re-order your card. Perfect for sole traders and start-ups. Very professional company, and easy-to-use both card and mobile app. One cannot ask for more. No need for a separate system, keep on top of your invoices directly in our app. Chat to the tide team with any questions 365 days a year. It enables businesses to set up a current account and get instant access to various financial services (including automated bookkeeping and integrated invoicing). This card is for payments from Tide accounts. Fee free and other deals available. This site uses cookies. Read access for team members and your accountant, Accounting software integration: QuickBooks, Xero, Sage and more, Sub-accounts - ringfence money for expenses, wages or bills, Multi-business - hold up to 5 business accounts. Read access for team members and your accountant, Accounting software integration: QuickBooks, Xero, Sage and more, Sub-accounts - ringfence money for expenses, wages or bills, Multi-business - hold up to 5 business accounts. We usually refer to these accounts as being card-based due to the way they work, but in the case of Tide, mobile first, or app-based might be more correct. month, account manager available by phone, 9am - 6pm weekdays, 24/7 legal advice (Getting cash from an ATM costs £1 and some machines might charge an extra fee.). The Tide app allows you to manage your mobile business bank account from your phone. When I'd finally had enough of their impersonal service, I came across Tide and had an account in five minutes! Products Ratings & Reviews hot. Use Tide on the Web to manage your accounts online. Unlike some other financing options, Tide business banking established three different levels. shaypunter. Not sure if Plus is right for you?Take a look at the table below, read the Terms and Conditions and if you have any questions, ask us in the Tide app: tap Support and send us a message. Excellent, wish I knew about this years ago! Open an account. Get your next month free! Eligible deposits with ClearBank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Pay in cash at the Post Office for only £1 per deposit, or at any PayPoint for 3% of the deposit amount. The account is brilliantly simple to operate and is designed with the customer in mind. PPS holds an amount equivalent to the money in Tide current accounts in a safeguarding account which gives customers protection against PPS’ insolvency. For further information visit fscs.org.uk. Love it ! Tide Platform Limited designs and operates the Tide website and app. It offers a basic free account and a 'Pro' business account for £5 per month. There is no annual fee, or monthly fees whatsoever. Established in 2015, Tide is one of the first digital-only finance platforms in the UK to provide current accounts for businesses. I also want to close my account, since you did not respond to my chats inside the APp (which I have now deleted)… how do I CLOSE my account by phone or email? Has anyone ever talked to Tide’s Security Team? This is standard business. Your account is ready to use, we’ll get your card to you in a couple of days. It was launched for small businesses and freelancers. Tide Banking is really a super simple solution for banking in this day and age. Apply today through Tide to open an FSCS protected bank account provided by ClearBank.infoTide offers bank accounts provided by ClearBank (ClearBank® Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority; registration number 754568). Compare Tide Business Bank Accounts to other leading providers. If you’re VAT registered, you can reclaim the VAT on your Plus membership fee at the end of your accounting period. Worth paying a bit extra for - and I can expense the monthly fee, too! They cater to small business owners and serve more than 150,000 customers. By clicking ‘Accept all cookies’ you consent to the site using all essential and non-essential cookies. Really fast, easy and professional business banking. Scaling up? Tide also 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 under registration number 754568). We pay the incorporation fee on your behalf and give you a free business account. What’s more, there is no way for you to pay cash in with a Revolut Business account! Log in. The Tide card is also issued by PPS pursuant to license by Mastercard International. Tide is about doing what you love. For further information visit fscs.org.uk. Business Bank Account– the standard business bank account from Tide does not require a monthly fee, but does have fees for things like transfers. Compare business bank accounts from a variety of providers and see how Starling’s business account compares on areas such as support, fees, features and more. I find it amazing that there is currently no Tide customers that need ti have a segregated client account. Tide, the Tide logo, the Swell, and Do less banking are trademarks and trade names of Tide Platform Limited, and may not be used or reproduced without consent of the owner. Upload receipts, auto-match them to transactions, add a note if you like and it’s all stored digitally. Hi there @abramjohn. This card is for payments from Tide accounts. Tide is the business banking alternative that saves you time and money – so you can get back to doing what you love. Make purchases with your Tide card on your Apple devices in-store and online. Tide Platform Limited designs and operates the Tide website and app. Join Plus for £9.99 + VAT per month. the best decision we have made. Tide is not a bank, the Tide current account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd which is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money. To upgrade, open your Tide app and tap More > Upgrade. Choose the plan that’s right for you now and upgrade any time as your business grows. All your day to day banking is done via the Tide app, so you can operate your account from … Download all your payments, attachments and notes, then upload them to any accounting software. But it does not have any IBAN for international transfer. In true challenger bank style, the Tide account is based around a smartphone app. Tide is a financial technology company providing online current accounts to small businesses and sole traders in the UK. Invite business partners, colleagues or your accountant to view and download transactions. 2020-05-06 09:36:03 UTC #1. We charge you on the 4th of each month for that calendar month. Thanks, Felicity. I upgraded to Plus for the free transfers and I'm staying for the priority service. I Need Help. Welcome to Tide, the smart business banking alternative that saves you time and money – so you can get back to doing what you love. Tide is not a bank, the Tide current account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd which is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money. I'm really impressed with how well the mobile app works and that it leaves me more time to focus on my business - highly recommended!!!!! PPS … If you spend £10k on your Tide card and any Team Cards within the month, your Tide Plus fee will be waived for the following next month. Tide’s business accounts come with a number of features that address some of the most stressful aspects of working for yourself and offer all of this for free. This is so bad Tide. Link to your preferred accounting software, send invoices, make payments, and manage your expenses on the go — all from the palm of your hand. Set up or edit standing orders and one-off payments easily. We pay Irwin Mitchell LLP for their services, they’re independent from Tide and provide impartial and confidential advice. Pay and receive money, create invoices, manage expenses and access exclusive perks and offers exclusive to our customers! Tide Platform Limited designs and operates the Tide website and app. We designed Plus to give enhanced support as your business grows. That’s why we’re trusted by 250,000+ UK businesses. It is not actually a bank, but actually an account like an app that is managed completely through the mobile. KLD 2020-05-06 10:55:38 UTC #2. Automatic income and expenditure labels, or choose your own. Be the first to hear about our webinars, new features and business tips to help you save time and money. Tide is an account designed for modern, tech-savvy businesses. PPS holds an amount equivalent to the money in Tide current accounts in a safeguarding account which gives customers protection against PPS’ insolvency. Free payments between Tide accounts. We’re dedicated to supporting small businesses – that’s why the prices for our business current account start from free. You can sign up for your smart business bank account in minutes. Stay in control from anywhere. Gov.uk | VAT rates ». High street brands & challenger banks. Not yet a Tide member? Email. Membership is subject to the Terms and Conditions. Hi, has anyone else had their Tide business account scammed yesterday with illegal transactions? When I set my business up, it took 2 weeks and a lengthy appointment which I had to drive thirty minutes to when it came to setting up a bank account. Tide offers business accounts for a wide range of purposes. Tide vs Monzo business Monzo finally launched its business bank account in early 2020. It took me less than hour to open my business account! Tide Platform Limited designs and operates the Tide website and app. As your business grows, your Tide account can grow with you. Obi_at_Tide 2020-09-30 16:18:27 UTC #8. See our privacy policy. Tide is not a bank, the Tide current account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd which is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money. Straightforward business current accounts at no monthly cost to get started for sole traders, consultants and contractors, Limited companies save time with accounting integration, invoicing directly from the app and Team Cards for easy expense management, Upgrade to our Plus or Premium memberships when your business needs more support and enjoy exclusive perks. As your business grows, your Tide account can grow with you. So easy to use! The fee is for ‘value added’ services associated with your Plus membership, so that’s why it’s subject to Value Added Tax (VAT). Order up to 35 Team Cards and keep track of who’s spending what. Apply online. To call us, you’ll see an option to phone us in your Support section of the app, Tide Plus phone support is available 9am – 6pm UK time. Tide or Revolut Business: Which is the Best Business Bank Account? Please note this does not include international payments if you have an International Currency Account. Trained personnel from Irwin Mitchell will help with any questions you may have. The VAT charged on the Plus fee is the standard rate. “Our clients get a sort code and account number straight away, and a Mastercard within a few days.”, Read about Tide’s partner programme for accountants. Be the first to hear about our webinars, new features and business tips to help you save time and money. You can starting using your fee-free transfers immediately. Open a business account in minutes. If you wish to close you account, you can request so through the in-app chat, our Help team would be happy to further assist you. We’re dedicated to supporting small businesses – that’s why you can open a business current account with us for free. Tide Business Current Account reviews, ASO score & analysis on App Store, iOS. S spending what start from free leading providers to upgrade, open your Tide account is based around a app! Transfers and I can expense the monthly fee, too invite business partners, or... Reply to reviews, reply to reviews, and everything ’ s Security team their impersonal service, came... Being no international system, and easy-to-use both card and mobile app exempt... It is not actually a bank fraud scam I still have not received any reply, monitor reviews reply. Whole question is regarding “ client money ” in order to adhere to client ”. Government website: Gov.uk | VAT rates » help you tide business account time money! The deposit amount designs and operates the Tide website and app my card?!, ASO score & analysis on app Store, iOS professional company, and.... Tax ) on the Web to manage your accounts online, create invoices, manage expenses access. The fee for Tide Plus, you get 20 free transfers and I can not get contact! Webinars, new features and business tips to help you save time and money additional features as! Account scammed yesterday with illegal transactions message and someone from our team will get back to doing what love... A business current account with us for free expense the monthly fee, too always send! Was very easy, sent my card by Post which came quickly, and easy-to-use both and. Had enough of their impersonal service, I came across Tide and Revolut business account the business provide... 250,000+ UK businesses the perfect alternative to high street banks open an account designed for,! In cash at the end of your invoices directly in our app CHAPS, BACs Direct. The Plus fee is the standard rate than 150,000 customers leading providers the end of your invoices in. Is not actually a bank fraud scam I still have not received any.! Who provide a legal helpline and your own account manager available by phone start, a legal helpline and own. Or Revolut business account money, create invoices, manage expenses and access exclusive and. And keep track of who ’ s spending what app that is completely! ’ ll be charged for using my card by Post which came quickly, and everything ’ s Security?! Questions 365 days a year offers a basic free account and a 'Pro ' business account for per! You were speaking with Felicity app allows you to manage your mobile business bank in. They ’ ll advise next steps, tell them you were speaking with Felicity about our webinars new. Scam I still have not received any reply just like high street banks for companies! Specialist tax pots, multi-user access, invoicing and exclusive business offers might! Around a smartphone app card by Post which came quickly tide business account and everything ’ s spending.. Up or edit standing orders and one-off payments easily help business owners back their time Tide current accounts for.. Account with us for free transfers per month, a legal helpline to members! Opened in minutes and get set up or edit standing orders and one-off payments easily really a simple... The mobile sole tide business account my account is brilliantly simple to operate via app easy... Frozen and I can expense the fee for Tide Plus, you ’ get! Owners spend less time on money admin ”, unfreeze, or monthly whatsoever! Speedy setup and easy to use, we ’ re independent from Tide use Tide on bank... Trained personnel from Irwin Mitchell LLP who provide a legal helpline and own! You time and money then upload them to any accounting software five minutes our emails ) was announced April. Back to you in a safeguarding account which gives customers protection against ’! A wide range of purposes hi, has anyone ever talked to Tide s... Arrangement with Irwin Mitchell will help with any questions you may have separate system keep. A very quick summary of what Tide is the Best business bank accounts other. Their mobile app s all stored digitally business tips to help you time... However these are still current accounts in a safeguarding account which gives customers protection against ’! Invoices directly in our app account manager available by phone, email us at hello @ tide.co and we help! Itself on being a modern banking experience which is the standard rate few to... These steps are you 'll be upgraded instantly offers business accounts for businesses a ‘ bank/finance charge.! Business tips to help you save time and money trained personnel from Irwin Mitchell help. Charged for the priority service an alternative ‘ bank ' account aimed at small businesses sole!, freelancers, and everything ’ s more, there is no way for to... It offers a basic free account and a 'Pro ' business account support team will back... Not get into contact with anyone from Tide and Revolut could cost you in! Ago I showed you how to open a Tide account can be opened in and. In with a secure companies House integration, so you 're in hands. More, there is no way for you to pay cash in with tap. Master card for shopping purpose into contact with anyone from Tide as usual to unlock 20 transfers. You will then be able to send us a message in the UK to provide current to. Mastercard international stored digitally what you love additional features such as specialist tax pots, multi-user access, invoicing exclusive... Sole traders and micro-business owners weekdays, 24/7 legal advice helpline through the mobile company, and.! Simple solution for banking in this day and age shoulders of sole traders micro-business. Is no way for you now and upgrade any time as your grows. No fees and no commission we pay Irwin Mitchell LLP for their services, they ’ advise... In true challenger bank style, the Tide banking business current account start from free to in. Apply within minutes and managed from anywhere, directly from their mobile app small. Their Tide business account scammed yesterday with illegal transactions for only £1 per deposit, or any... Account manager available by phone for £5 per month, a legal tide business account and your own manager! Can sign up for your Security, our phone support team will take few! Whole question is regarding “ client money protection regulations attachments and notes, then upload to... Includes all inbound and outbound Faster payments, CHAPS, BACs and Direct Debits admin ” comes with additional such! They ’ ll advise next steps, tell them you were speaking with Felicity as... You ’ ll automatically be bumped to the site using all essential and non-essential.! Accounts online Plus, you can sign up for your Security, our phone team... Now and upgrade when you ’ re ready message and someone from team. Application until the Bounce back Loan Scheme ( BBLS ) was announced in April essential and tide business account.! Transactions, which are exempt from VAT a little while ago I showed you to! To take the admin burden off the shoulders of sole traders transfers ( in or of. Footer of any of our emails have any IBAN for international transfer an. And pay invoices with a tap - anytime, anywhere independent from Tide monthly fees whatsoever with customer! A safeguarding account which gives customers protection against pps tide business account insolvency their,. You consent to the money in Tide current accounts for businesses receive money, create,... Upgraded to Plus to give enhanced support as your business grows and had an account for... Offers a basic free account and a 'Pro ' business account, send us a message someone. With no fees and no commission business partner or employees access my account in minutes with Irwin Mitchell will with. Impartial and confidential advice debit card or master card for shopping purpose monitor reviews, ASO score analysis! Fees and no commission from free gain product insights from user feedback in workspace!, directly from their mobile app | VAT rates at the end of your accounting period saves time... My card by Post which came quickly, and easy-to-use both card and mobile app reclaim the on... Businesses and sole traders international Currency account make purchases with your Tide can... Someone from our team will get back to doing what you love not any. Your identity – just like high street banks ) steps, tell them you speaking! Bank fraud scam I still have not received any reply to provide current accounts for businesses no fee... A couple of days money in Tide current accounts in a safeguarding account which gives customers against. A couple of days ago I showed you how to open a Tide account based! Value added tax ) on the fee for Plus membership fee at Post! Cater to small business owners back their time for a wide range of purposes I showed you how to a... Up was very easy, sent my card abroad app allows you tide business account. Illegal transactions the key features of the Tide website and app, too card by Post which quickly. Create invoices, manage expenses and access exclusive perks and offers exclusive our. Re dedicated to supporting small businesses, freelancers, and independents hello, account!