START-UP BANK ACCOUNT

A start-up bank account is a business bank account specifically designed for new businesses. It provides essential banking services tailored to the needs of start-ups, including managing finances, receiving payments, and paying suppliers.

A business bank account helps you keep your personal and business finances separate, which is crucial for managing your finances, tracking expenses, and simplifying tax filing. It also adds professionalism to your business and builds credibility with customers and suppliers.

The time to open a start-up bank account can vary. Some banks offer instant account opening online, while others may take a few days to process the application and verify documents. At Tide, most members have their account set up in minutes, though this process can take up to a few days depending on the complexity of the business.

Some banks offer free start-up bank accounts, especially for new businesses. However, others may charge monthly maintenance fees or fees for certain transactions. At Tide, you can open a start-up bank account for free, with no monthly charges or hidden fees. You are only charged for your use, such as 20p per transaction for our free account. You can view a list of our fees here.