Tide is an alternative to traditional banks for small business.
It is easier, cheaper, and it gives you more opportunities to do what you love than your usual bank! Their modern outlook on what a business account could be will make your life easier, in particular if you are a freelancer, a sole trader or a limited company.
So, what makes their services particularly appealing? First of all, you have all your business finance admin rounded up in one neat spot: their app. From there, you can control and see your direct debits. You can also schedule payments (recurring or one-off). You can see your monthly statements, export your transactions and share them with an accountant, and easily review your account limits and request to change them if need be. Last but not least, you can link your transaction records simply and easily to accounting softwares, such as Xero and QuickBooks.
Tide are all about supporting small businesses. As such, their prices for a current business account start at… 0! They have three plans, the first one being free, the second at £9.99 a month, and the third one at £49.99 a month (plus monthly VAT for both of these). This way, you can really choose the package that suits your needs, and upgrade from there if and when your business grows.
If you want to find out more about exactly what these packages include, you should visit their website. It is well constructed, easy to use, and will provide you with all the information you might need to choose between tide and other banking services. You can even click on their “see how we compare” button, and find out exactly how other banks price their transaction fees, for instance.
Their website also shows comments from their numerous customers, who explain how their experience with tide was. Useful, isn’t it? Opening an account is easy as well, it only takes around 5 minutes of your time.
What else is there? You can use your tide card with Apple Pay, which makes your life just that much easier. Their special features are designed to save you, small businesses, time and money. They aim to make your admin a lot easier. Auto-categories, multiple accounts, easy card management, and much more is waiting for you if you open an account with tide. Sounds inviting? Check out their website, it will help you make up your mind!