Firstly, it’s worth checking your credit score by getting copies of your business credit reports. You can review these for any errors and question anything you believe to be inaccurate with the credit agency. The best next step is to start to increase your creditworthiness. This can be done by using a credit card, or opening a line of credit. There are also sources of funding available, such as Start-Up loans, which help new businesses with no credit history to fund their growth. Alternatively, equity and grant finance may be available that provide you with business loans based on the potential of your company, rather than your creditworthiness. paid plans you can open up to 3 additional current accounts under your main account to organise your finances for different purposes. For example – marketing, supplies, or salaries.
We also offer Tide Credit Builder – designed specifically to help small businesses grow their credit worthiness and open up future options for funding.
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:
