Tide is a banking service designed especially for SMEs


Country: London, UK

Year: 2015


  • Tide is a nimble banking service designed especially for SMEs. It is a business current account that includes features to help companies run their business such as financial management and accounting software. For instance, SMEs can manage expenses, foreign exchange, and they have access to credits. Transactions are also auto-categorized, invoices and receipts can be attached or exported to the accounting software
  • Tide is not a bank; therefore the businesses’ deposits are kept and held at Barclays. The money is fully insured. Tide is independently regulated through the Financial Conduct Authority’s e-money license
  • Tide has raised $2 million for its launch in the UK

Consumer Benefits

  • Quick and convenient: users only need 3 minutes to open a current account, saving time
  • Transparent prices: there are no monthly or annual fees, only 20p per bank payment and £1 per cash withdrawal
  • Connected: assistance will be available whenever you need through the app and the online customer community. You can send and receive messages with Tide’s community

How to use

  • Open an online, free, and paperless account. The app will read users’ ID and establish their identity
  • Use the app as a banking account and the added features can be used to run a business more efficiently