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We offer business accounts to sole traders and directors of limited companies. To apply, you must:

• Be a minimum of 18 years old

• Have a valid UK mobile phone number

• Have a device that's registered to a UK App or Goggle Play store.

Sole traders or freelancers must also

• Have a valid UK home address

• Be registered with HMRC 

Directors of limited companies must also

• Have a valid home address in the UK or overseas

• Be registered with Companies House 

We’re on a mission to help business owners spend less time on money admin.

However, there are a number of high risk industries that we can’t take on, as this would mean not being able to focus our time and energy on the rest of our members.

We don’t currently offer current accounts to businesses in the following industries:

• The holding, managing and/or controlling of a third party’s (client’s/customer’s) finances in the Tide account. This includes using the money on behalf of other individuals

• Insurance companies (incl. insurance brokers)

• Trading of crypto/virtual currencies

• Operating as a pawnbroker

• Extraction of precious metals and stones

• Investments (incl. real estate investments)

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

• Banking services (incl. BCAs, loans, digital wallets, etc.)

• 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

• Unlicensed animal breeding

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

• Escort services and other services in the adult industry

• Bidding fee auctions

• Non-profit organisations, including charities

• Operating as, but not limited to, CICs and CIOs, PLC, LLP, Partnership, Trust.

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

We don’t charge monthly or annual fees to hold a Tide current account.

You only pay for what you 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

Members on our Free plan are charged a fee of 2.75 % of the transaction amount, for card payments or ATM withdrawals in foreign currencies. See how these fees are calculated here. Smart, Pro and Max plan members will not be charged this fee.

Yes, Tide has recently joined the Current Account Switch Service.

You can find out more about this below.

Yes! You can apply as many limited business bank accounts as you need, each application is subject to our standard approval criteria.

Our Multi-business feature lets you toggle between companies on the same one device – you can find instructions on setting this up on our blog.

Multi-business access is currently capped at five businesses per device – if you have more than five businesses, you can set up multi-business on an additional device.