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What is a memorandum of association?

memorandum of association is a legal statement signed by all initial shareholders agreeing to form the company. It confirms that all parties involved wish to form a company and agree to take at least one share. Tide will automatically create a memorandum of association for you when you register your company through our service. If you have formed a company and are looking for your memorandum of association, it is available on the Companies House register.

You only pay for what you use:

Use

Charges

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

* Transfers between your main Tide Account and your Tide Instant Saver (if you have one), are always free. Important: From 19 September 2024, Free plan members will be charged a fee of 1.75 % 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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