What is the Transaction fee and how is it charged?

There are certain costs incurred by Tide at the time of processing a payment link transaction and a fee is charged relating to your account. Our fees incorporate costs to us such as interchange, scheme fees and payment processing fees. The fees are automatically deducted from your Payout amount. From time to time, we may offer time-limited promotional Fee discounts, so please make sure to read any notices we give you regarding such promotional terms. We may withdraw or change promotional offers at any time.

This is different from a transfer when you send money straight away.

‘Standing orders’ are recurring scheduled payments, for the same amount, with a frequency you choose.

You can set up scheduled payments in your Tide app and Tide on web.