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What are the costs associated with invoice finance?

Invoice finance agreements will be priced based on your business and requirements, however invoice discounting and invoice factoring have different fee structures.

Invoice discounting is structured like a loan, with interest payable plus an administration fee.

Invoice factoring charges are known as a ‘factor rate’, which is based on level of risk, volume of invoices, and the time credit is extended for, amongst other factors.

  • Bank transfers (in or out) - 20p

  • Cash withdrawals in GBP - £1

  • Cash deposits (through the Post Office) - £2.50 for deposits up to £500, or 0.5% of the total deposit amount for deposits over £500

  • Cash deposits (through PayPoint) - 3% of the total deposit value

  • Payments between Tide accounts - Free

  • Card transactions in GBP (home and abroad) - Free

Members on our Free plan are charged a fee of 2.75 % of the transaction amount, for card payments or ATM withdrawals in foreign currencies. See how these fees are calculated here. Smart, Pro and Max plan members will not be charged this fee.

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