We currently offer free business accounts for sole traders, freelancers, GmbH (1 managing director), UG and e.K.
To open a Tide business account, you must be at least 18 years old and have a residence in Germany. As Tide is a digital financial platform, you'll need an internet-enabled device with access to the App or Google Play Store.
Our mission is to save business owners time and money. There are certain industries and activities that are heavily regulated or come with specific requirements. Unfortunately, we cannot issue an account if you're involved in the following sectors:
Third-party fund management
Management, use, or control of a third party's assets (e.g., a client or contractor) in a Tide account, including transfer transactions on behalf of a third party
Insurance companies (including insurance brokers)
Cryptocurrency trading
Sale of precious metals and stones
Investment activities (including real estate investment)
Money trading (such as credit transactions, foreign exchange trading, money transfer)
Casinos, lotteries, or gambling industry
Sale of unlicensed pharmaceuticals
Sale of Cannabidiol (CBD) products
Sale of arms, weapons, or explosives
Unlicensed trade or processing of scrap metal
Unlicensed waste management
Sale, import, or export of used cars or heavy machinery
Escort or adult entertainment services
Auctions with bidding fees
Non-profit organizations and associations
If you have any questions, please contact us at support.de@tide.co.
You can also receive international payments in EUR via SEPA.
To see your EUR SEPA details, go to the 'Payments' tab > tap 'Details' next to your main
account > 'EUR SEPA'. Then, tap 'Share' to share them with your payors from SEPA countries and receive payments from them.
We’ll convert any euros you receive into pounds and credit them to your primary GBP Tide bank account, minus a 0.50% FX markup.
To learn more about SEPA, and how to use it to send or receive international payments, visit the dedicated FAQ page.
You can receive international payments in GBP via SWIFT (Society for Worldwide Interbank Financial Telecommunication) too.
To do this, you’ll need your SWIFT account details. You can find these in your app by tapping the ‘Payments’ tab > ‘Details’ next to your main account > ‘SWIFT’. Then tap ‘Share’ to send your details to your payors.
We will charge you 20p per payment. If you’re using one of our paid plans, we’ll start charging the 20p fee after you’ve gone over your monthly free transactions limit.
You can’t send payments via SWIFT but we will let you know if we make this possible in the future.
