Tide business bank account review – a new wave of business banking. Disclaimer: All content on this website is based on individual experience and journalistic research. We're CompareBanks and helping the UK to compare banks is our main mission. It does not constitute financial advice. What a brilliant service, fast and accurate. TIDE customer service don`t care about their customers. See our privacy policy. They may reply quickly ( on a god day) but hardly any solutions to any errors and I had many with them. Tide Customer Service Phone Number (800) 879-8433, Email, Address Frequently Asked Questions: What is the Tide Business Banking app referral code? Apply today through Tide to open an FSCS protected bank account provided by ClearBank.infoTide offers bank accounts provided by ClearBank (ClearBank® Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority; registration number 754568). These sectors include: Tide does not charge a monthly current account fee, but there is a £1 fee per cash withdrawal and 20p per bank transfer. Invite business partners, colleagues or your accountant to view and download transactions. They refused to waive any fees and made threats to take legal action if I did not pay this amount in full, despite my company closing down due to Coronavirus. Address: Therefore I could not access my account at all. Tide Platform Limited designs and operates the Tide website and app. “Tide Platform Limited designs and operates the Tide website and app. 10K likes. Eligible deposits with ClearBank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. If you are trying to set up a Direct Debit you can find all the info here. “Kevin is the entrepreneurial Director of Tidebank Ltd and is absolutely passionate about Commercial Property Development & Construction. Tide fee ; Bank transfers to or from your Tide business account : £0.20 : Transfers between different Tide business accounts : Free : ATM withdrawals : £1 : Payments using your Tide card : Free : Cash deposits made at the Post Office : £1 : Cash deposits made at a PayPoint : 3% of the transaction value Anyone who is the named director of a company registered with Companies House in the UK can apply for a Tide account. Link your account to software like Xero, QuickBooks and more. Tide offers 24/7 in-app support but its phone support is not 24/7. Unfortunately, my drivers license expired in January and my mobile phone broke and I have not able to access my account since March. Couldn't fix the issue, but at least I now know that it's being addressed by the developers. To decide if Tide is the best business bank account for you, compare it against other products in our comparison table. I tried to compromise with them and asked that at least a couple of months of fees be waived (£60 per month), this was also declined by them. Banking and finance is a fast-growing industry that’s in constant change. So easy to use! Appalling attitude yet they think they have integrity and provide good service. If found in the bank directory, the sort code checker returns the bank name, branch, address and payment and other clearing system information. Is the end of free banking on the horizon? How long does it take to open an account? Hi @Srajani, We are 100% digital so we don’t have a branch . (Getting cash from an ATM costs £1 and some machines might charge an extra fee.). Is it Tide or PREPAY TECHNOLOGIES? Quick application process and monthly costs lower than my previous bank. Note: If tide support reply to this, then they are just trying to make themselves look good, the reality is they have ignored emails for 5+ days at a time, then said I was outside of their ‘time-frame’. It took me less than hour to open my business account! Tide also offers bank accounts provided by ClearBank (ClearBank® Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 754568). Tide Security. Keep on top of new developments in the world of money, banking and finance. Really fast, easy and professional business banking. Tide Banking is really a super simple solution for banking in this day and age. He has many great projects under his belt and his sensible pragmatic approach means that he is able to produce the very best results on any project he undertakes. Read access for team members and your accountant, Accounting software integration: QuickBooks, Xero, Sage and more, Sub-accounts - ringfence money for expenses, wages or bills, Multi-business - hold up to 5 business accounts. With Tide you can create a business bank account and get a sort code/account number in just a few minutes allowing you to start making & accepting payments. Was a limited company, claim made 21st april through clients login and paid at the end of April. It’s easy, secure and convenient. Chat to the tide team with any questions 365 days a year. In some cases, the first digit of the sort code identifies the bank itself and in other cases the first 2 digits identify the bank. Excellent bank It has been about 3months since I've had an account with Tide. Tide is a fintech app which offers business accounts to small businesses and freelancers, hoping to relieve them of some of the financial stress that comes with a growing company. Reset my password Please enter your e-mail address to reset your password. Apply within minutes and get set up all in one go. We’re always working hard to get you the latest information about the best banks in the UK. CompareBanks.co.uk is a journalistic website and we try and present accurate information at all times. Powerful and simple. Download all your payments, attachments and notes, then upload them to any accounting software. Counting Ltd designs and operates the Countingup websites and app. However, in some cases certain info may not be 100% accurate due to a number of reasons, so we always suggest you do as much research as possible from a number of sources to come to an informed and reliable decision. You can unsubscribe anytime using the link in the footer of any of our emails. We're here to help whenever you're on the search for a new bank. Tide uses two-factor authentication to keep account information safe, and customers who lose their cards can freeze and unfreeze them instantly using the app. the best decision we have made. Tide Bank Contact Details. Tide has an e-money licence issued by the Financial Conduct Authority (FCA) and complies with the rules set out by that licence. Early on in the pandemic, I was offered a £1,000 credit facility for a fixed monthly payment (equivalent to Wonga/Payday loans in cost!!). The issue was also escalated to a manager, who clearly did not read the entire email thread and made accusations against me which were false, trying to pass blame. A bank sort code, usually represented by a six-digit number, identifies both to the bank and the branch where a bank account is held. Technology develops at a rapid pace and banks try to keep up. IBANs and scheduled payments are due to be added to Tide’s service portfolio soon. PPS holds an amount equivalent to the money in Tide current accounts in a safeguarding account which gives customers protection against PPS’ insolvency. Very happy with Tide Very happy with Tide. Set up sub-accounts to ringfence money for expenses. By Marc Shoffman. If you’re looking for updates, advice or just straightforward opinions and what you should be looking for from UK banks, look no further. 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