Tide Logo

Will I be charged fees for using ‘Pay by bank’?

When you receive payments through ‘Pay by bank’, we’ll collect a fee of up to 1.50% of the total transaction. The maximum fee you can pay is £25. 

You can see the fees applied to a transaction in its details

We won't charge your customers for using ‘Pay by bank’, however, their financial institution may apply fees, based on their own terms and conditions.

Where can I see the fees for my ‘Pay by bank’ transactions? 

In the app, there are two ways:  1. Go to ‘Get Paid’ > ‘ Manage Payment Links’ > ‘Paid Links’ > select a transaction > tap ‘Settled on’  

There you’ll be able to see two sums:

  • The amount you collected 

  • The amount after fees have been deducted

2. On your timeline, you’ll see two consecutive transactions: the payment you received from your customer, and the deducted fee.

Did you find this information useful?

Related articles

Need to get in touch?

Searching our help articles is usually the quickest and easiest way to get answers. If you still can't find what you’re looking for, contact us in-app or via hello@tide.co