Tide Bank Review
Comprehensive review and analysis of Tide Bank's digital banking services
Quick Facts
- Founded
- 2015
- Head Office
- United Kingdom
- Active Customers
- 450,000+
- Total Funding
- £150 million
- Employees
- 800+
- App Store Rating
- 4.6/5
Pros & Cons
Pros
- Quick account opening
- Integrated accounting
- Free transfers
- Expense management
- API access
- Multi-user access
Cons
- Business-only accounts
- Cash deposit fees
- Limited international features
- Some features require premium
Supported Countries
- United Kingdom
Fees
- Basic Account Free
- Plus Account £9.99/month
- Cashback Account £49.99/month
- Cash Deposits £1 at Post Office
- Foreign Transactions 0.5%
Overview
Tide Bank has revolutionized business banking since 2015. Their platform combines essential banking services with business tools, offering a comprehensive solution for small businesses and entrepreneurs.
Key Features
Banking Services
- Business current account
- Expense cards
- Mobile banking
- Direct debits
- Standing orders
- International payments
Business Tools
- Invoice creation
- Expense tracking
- Receipt scanning
- Accounting integration
- Payment reminders
- Cash flow insights
Team Management
- Multi-user access
- Role permissions
- Team cards
- Spending controls
- Activity tracking
- Approval workflows
Additional Services
- API integration
- Payroll services
- Business loans
- Payment processing
- Marketplace
- Business support
Security Features
- Bank-level encryption
- Two-factor authentication
- Role-based access
- Transaction monitoring
- Fraud detection
- Device management
Customer Support
- 24/7 support
- Priority service
- Member support
- Help center
- Business guides
- Community forum
Verdict
Tide Bank excels in providing comprehensive digital banking services for businesses. Their combination of banking features and business tools makes them particularly valuable for small businesses and entrepreneurs looking to streamline their financial operations.
While the platform is limited to business accounts with some premium features requiring paid plans, the free tier offers solid functionality for most small businesses. The main limitations are the cash deposit fees and limited international features, but for UK businesses seeking a modern digital banking solution, Tide Bank offers an excellent package.