Opening a Tide Bank account is simple. First, download the Tide App from the UK app store. Open the app, and tap to create a new account. You’ll need to provide basic business info and verify your identity by scanning an ID and taking a selfie. Next, submit your business name, address, and type. Choose the account type that fits your needs, and agree to the terms and conditions. Once your details are verified, your account will be approved. The app lets you manage your business finances, perform transactions, and more. Learn how to enjoy all these features and boost your business. Remember to enter the Tide referral code: REFER75 during the signup process to get £75 FREE!
Download the Tide App
To get started, download the Tide App from the UK app store on your iOS or Android device. The app is your gateway to opening a Tide business bank account, making it essential to follow these steps accurately.
First, ensure your device’s app store is registered to the UK. This is crucial for a smooth download and subsequent account setup.
Next, open the app store on your device and use the search function to look for ‘Tide Business’. Make sure you select the correct app, as this will be the first step in managing your business finances efficiently. Once you find the Tide App, tap the download button and wait for it to install on your device.
After the download is complete, open the app on your device. At this stage, you’ll need to proceed with the account setup process, which will guide you in opening your new business bank account. The app is designed to be user-friendly, ensuring that you can complete each step without any hassle.
Sign Up for an Account
Creating your Tide bank account is straightforward and can be done online or through the Tide app. Start by visiting the Tide website or downloading the app onto your smartphone.
Once you’ve got the app, open it and select the option to create a new account. You’ll be prompted to provide some basic business information. Tide supports various business structures, including limited companies and sole traders, so make sure your business is registered and have essential details handy.
Tide will guide you through a series of steps to verify your identity. This includes scanning your ID and taking a selfie. Keep an eye out for the field labelled Tide promo code or Tide referral code. You will need to enter the Tide referral: REFER75 in this box to activate our special promotional offer for our readers. This process ensures that your account is secure and that you can access all of Tide’s financial services without any hitches. If you’re concerned about the time it takes, don’t be—Tide’s streamlined process typically grants account approval within minutes.
After you’ve completed these steps, Tide will require some additional business details to finalize the account setup. Once approved, you can immediately start using your Tide bank account for your business needs.
Tide offers a robust suite of financial services tailored to help you manage your business finances efficiently.
Provide Basic Information
Now, let’s get started by providing some basic business information to set up your Tide bank account. To begin, you’ll need to submit details such as your business name, address, and type of business. Whether you’re using the Tide app or the website, this information is crucial for account opening. Make sure your company is registered with UK Companies House and that you have a valid UK residential address.
When entering your details, be accurate and up-to-date. This helps Tide verify your business information and expedites the process. The more precise you are, the smoother your account setup will be. You’ll need the authority to provide this information on behalf of your company, ensuring everything is legitimate and recognized.
Using the Tide app, you’ll find it straightforward to input this data. It’s designed to make the process quick and efficient.
This basic information is the foundation for your business accounts, helping Tide establish your profile for financial management and growth.
Complete ID Verification
Scanning your ID document and taking a selfie are essential steps for completing the ID verification process. To get started, ensure you have a valid ID document, such as a passport or driver’s license, that matches the information you’ve provided during your application. This step is crucial for identity confirmation and compliance with regulatory requirements.
Follow the on-screen instructions carefully when prompted to scan your ID document. Make sure the scan is clear and all details are legible.
Next, you’ll need to proceed with selfie verification. Position your face within the frame as directed and take a well-lit, clear photo to match against your ID document.
Completing these steps ensures that your ID verification process goes smoothly. This verification is a key part of the approval process, confirming your identity and meeting necessary regulatory standards. Once your ID verification is approved, you’ll receive a notification allowing you to proceed with the next steps.
At this point, you’re almost ready to finalize the opening of your Tide bank account. Just a few more steps remain to complete your application successfully and start using your new account.
Choose Account Type
Choosing the right account type is essential for tailoring your Tide banking experience to your business needs. Tide offers a variety of account types, so you can select the one that aligns with your operational requirements and budget.
With three different Tide Business Account tiers, each comes with unique features and fees to consider.
The free option has no monthly fees and provides essential banking services. However, if you need more advanced features, upgrading to a higher tier might be beneficial. These tiers offer enhanced benefits like free invoicing and payment scheduling, which streamline your financial operations. Additionally, some tiers include a cashback plan, allowing you to earn 0.5% cashback on your card spending.
If your business involves multiple employees handling finances, consider an account type that offers team member access. This feature lets you grant access to your team, making collaboration more efficient. Higher-tier accounts also come with advanced financial tools designed to support business growth.
Understanding these account types’ differences helps you make an informed decision. By choosing the right Tide Business Account, you’ll access the features and benefits that best support your business, making banking simpler and more effective.
Agree to Terms and Conditions
After selecting the right account type for your business, you must agree to Tide’s Terms and Conditions to complete your account setup. This step is crucial because the Terms and Conditions outline the agreement between you and Tide regarding your Tide Bank Account. They cover essential aspects such as account usage, fees, and your responsibilities as an account holder.
Before you proceed with your account application, take the time to read through these Terms and Conditions carefully. Understanding them ensures you’re fully aware of Tide’s policies and guidelines governing your account. By agreeing to the Terms and Conditions, you acknowledge and accept these rules, which include how you can use your account, the fees you might incur, and your obligations to maintain the account properly.
User acceptance of these terms is mandatory. Clicking ‘I Agree’ signifies that you understand and will abide by the outlined policies and guidelines. This agreement forms the foundation of your relationship with Tide, ensuring both parties are clear on what’s expected.
Without this acceptance, you won’t be able to finalize your Tide Bank Account application. So, take this step seriously and ensure you’re comfortable with all the terms before moving forward.
Account Approval Process
The account approval process at Tide is designed to be quick and efficient, with most accounts being approved within minutes. Once your application is submitted, Tide quickly reviews it against their requirements for opening. To qualify, you need to be 18 years or older, a UK resident, and have a valid phone number.
After meeting these requirements, you’ll typically see your Tide account approved within minutes. Following approval, account activation is immediate, allowing you quick access to all banking services offered by Tide. This streamlined process ensures the efficient establishment of your new account, so you can start managing your finances without delay.
In addition to immediate account activation, you’ll also receive a physical bank card, which is usually delivered within days. This card enables you to perform everyday banking tasks, such as making purchases and withdrawing cash. The swift delivery of your card complements the overall fast and efficient service provided by Tide.
Accessing Account Features
With your Tide account now active, you’ll immediately start benefiting from its robust features designed to streamline your business finances. The Tide Business Bank offers a suite of account features tailored for small businesses and freelancers.
You can set up Apple/Google Pay for convenient and secure payments on the go. Managing your finances is easier with Tide’s auto-categorization of income and spending, direct debit management, and the ability to export transactions in CSV format for seamless tracking.
Tide also provides powerful accounting tools to assist with Self Assessments and VAT returns, ensuring you stay compliant with minimal effort. If you’re looking to grow your savings, consider the business savings account, which offers a competitive 4.33% AER variable interest rate.
For in-person transactions, the Tide Card Reader is an excellent tool, allowing you to accept card payments smoothly. Additionally, if you need funding for business growth, you can apply for business loans directly through the app.
Altogether, Tide serves as a comprehensive financial platform, enhancing your business operations and helping you manage your finances more effectively.
Whether you’re a small business owner or a freelancer, Tide’s features are designed to make your financial management effortless.
Frequently Asked Questions
How Do I Open a Tide Account?
To open a Tide account, start by downloading the Tide app or visiting their website.
You’ll need to be 18 or older, a UK resident, and a director of a UK registered limited company or sole trader.
Follow the prompts to enter your business information, scan your ID, take a selfie, and provide additional business details.
Once approved, your account is active immediately, and your card arrives in a few days.
What Are the Steps of Opening a Bank Account?
To open a bank account, you’ll typically download the bank’s app or visit their website.
Next, provide your personal or business information, then verify your identity through ID upload and a selfie.
Depending on your account type, complete any additional verification steps.
Once approved, you’ll receive your account details and can start using it immediately.
Expect your bank card to arrive within a few days.
How Long Does Tide Take to Verify?
Tide usually verifies accounts within just minutes after you submit your application. In fact, over 50% of customers set up their accounts in about 10 minutes, and more than 80% complete the verification process within 48 hours.
To ensure a smooth and quick verification, make sure you’ve got all the required documents ready in advance. Proper documentation can speed up the process significantly.
How Does Tide Bank Work?
Tide isn’t a traditional bank but a business financial platform offering UK registered companies, sole traders, and freelancers a quick and efficient way to manage finances.
You can open an account online or via the app, with most approvals happening within minutes. You’ll upload ID documents and a selfie for verification.
Tide accounts include a debit card, free invoicing, payment scheduling, and team member access, with savings protection up to 85,000 GBP.
Conclusion
You’ve now got all the steps to open a Tide bank account. By downloading the app, signing up, providing your information, completing ID verification, choosing the right account type, and agreeing to the terms, you’re well on your way.
The approval process is straightforward, and soon you’ll be able to access all the great features Tide offers. It’s simple and efficient, so take the plunge and enjoy the benefits of your new account!
Remember – if you want to activate our special offer you need to enter Tide referral code: REFER75 during the signup process to get £75 free cash added to your balance!
Find out more about our exclusive £75 Tide Referral Offer by going to our homepage here
Or you can go to Tide.co by using our magic promo link which will auto-populate the promotional offer and get your application started here
