What is ‘Tide Instant Saver’?

Tide Instant Saver is a free instant-access business savings account with one of the best interest rates on the market. ‘Instant-access’ means that you can withdraw your money at any time, without losing the interest you’ve earned up to the day of the withdrawal. Interest is calculated daily on your cleared balance at midnight. The total interest earned during the month is paid to your Tide Instant Saver by 9am on the first day of the next month.

All transfers between your main Tide Account and your Tide Instant Saver are free.

To receive payments in euros, you'll need to get your International Bank Account Number (IBAN) and Bank Identifier Code (BIC), by agreeing to the T&Cs of our product. 

To do this and view your details, open your app > go to the 'Payments' tab > tap 'Details' next to your main account > 'EUR SEPA'. Then tap 'Share' to send your IBAN with your payors from SEPA countries and receive payments in EUR 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.

You can learn more about EUR SEPA payments on our dedicated FAQ page.