Can a non-UK resident open a Tide business account?

The company formations service is only available to UK residents at this time. You can apply for a Tide account (without the company formations service) from outside of the UK. In some cases, we may have to complete additional checks in order to process your application to open a business current account.

You can’t use an additional account for the purpose of running another business or limited company, or to separate your business’ funds from the funds of your customers. However, if you have multiple businesses, you can still manage them in the Tide app – learn more about our Multi-business feature here. 

Additional accounts were previously free to hold, but we’ve made a few changes for both Registered Businesses, and Sole Traders, which became effective on 1 December for members who joined Tide before 15 October 2024, and immediately on 15 October 2024 – for members who joined on or after that date. 

For Registered Businesses: 

• If you’re on a paid plan, you can open up to 1, 2, or 3 additional accounts - depending on your membership. Members on our Free plan can’t open new additional accounts.

• If you’ve opened additional accounts before these changes, we’ll charge you £4.99 per month, for each existing account above the limit of your current plan. This also applies if you downgrade to a plan with lower allowance. If you want to open new additional accounts, you can do so only at a paid plan according to its limit

For Sole Traders:

• We’ve recently made additional accounts available for Sole Traders on a paid plan, too. Whether it’s 1, 2 or 3 accounts will be determined by the membership plan. 

Whether you are on a free or on a paid plan, it's always free to open a:

• Main Tide Business Current Account

• Tax Account under your main account – if you’re subscribed to Tide Accounting Extra

• Tide Instant Saver account – to earn interest on your savings.