Get a £200 cash reward with a Tide Card Reader
How to use Tide’s refer-a-friend program?
- Get your Tide referral code from the app.
- Send your unique code to your friend.
- Make sure your friend enters the code whilst opening their Tide account.
- Your friend spends £500 on their Tide over 3 months.
- You’ll both receive £50 bonus
About Tide
Tide is an all-in-one business current account aimed at small businesses that want an easy way to manage their day-to-day finances.
You can open a new account quickly and easily online or through the app. Once you download the app, you’ll find a bunch of useful tools to help you manage invoices and set up spending limits.
It’s not a “proper” bank, which does have some drawbacks – like the fact your business won’t be able to accept cheques. Payments by cheque are in decline, but there’s always a chance this could cause an issue if you have a client who insists on paying in a particular way.
On the plus side, even though it’s not a bank, Tide’s partnership with ClearBank (which is an authorised bank) means your funds will be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.
If you have a Tide account, you can use your referral code and both earn a £50 voucher.
Check out the main pros and cons of Tide below to find out more.
Pros and cons of Tide
Pros
- Easy to open a new account
- No fees or cap restriction to access funds
- Low minimum deposit to get started
- FSCS-protected up to £85,000
- Receive fees direct to your account with the Tide Card Reader (with unlimited mobile data)
- 24/7 in-app support
- No monthly fees or contracts
- Built-in accounting tool
- Manage company expenses and set spending limits
Cons
- Not an official bank account
- Currently doesn’t accept cheques
- No arranged overdraft
Alternative offers
We also have other similar business switching offer deals where you can find other deal if you are looking to get or change your business account.
More guides on Finder
-
Best business bank accounts for limited companies (Ltd)
Is your UK business a limited company? We take a look at why you might need a business bank account and how you can go about opening one.
-
Best business bank accounts for bad credit and no credit check
If you have a less than perfect credit history, it’s still possible to get a business bank account – check out our guide to find out how.
-
The Cumberland business bank account comparison and review
The Cumberland building society has two business banking options available for customers within its operating area. Find out what they offer, including all the fees involved.
-
Card One Money business account review
What can you expect from the Card One Money business bank account? Check out all the features and fees by reading our review.
-
TSB business bank account comparison and review
TSB is a well-known banking name on the British high street, but how does its business account shape up?
-
Danske Bank business banking review
Danske Bank provides business banking and investment accounts for large businesses, charities and community organisations.
-
HSBC business bank account comparison and review
HSBC offers a range of business banking options, including current and savings accounts, business credit cards and overdrafts.
-
Bank of Scotland business bank account comparison and review
Bank of Scotland offers banking solutions for businesses of all sizes as well as extensive educational resources.
-
Bank of Ireland business bank account comparison and review
Bank of Ireland offers straightforward banking options for existing businesses, as well as specialised accounts for startup or new businesses.
-
A guide to business expenses when you’re self-employed
Your business expenses can be deducted from your total turnover when working out how much tax you pay. Do you know which expenses are allowable?