Get a £50 voucher when you open a Tide business bank account using the code £50VOUCHER
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.
Check out the main pros and cons of Tide below to find out more.
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