Tide – when you need a different kind of banking service

Whether you are a freelancer, contractor, entrepreneur or operate as a local small business, your business and financial needs may require a different type of banking service. If your personal bank account provider cannot offer the level of service you need to run your finances as smoothly and efficiently as you can, it is time to explore better options.

Why is it recommended to have a business bank account?

Banks usually do not like a business operating through a personal account. Usually, the terms & conditions within your personal account will state the account should be for personal use only. If the bank becomes suspicious you are using a personal account for business purposes, they could withdraw or even freeze it.

Tide

A few years ago, and after listening to our customers, we decided to partner with Tide and introduce to our clients their unique way of business banking.

in this article, we’ll explain some of the benefits of Tide’s business banking and how they can streamline your daily banking activities.

Five minutes account setup

Creating a new bank account, including downloading and verifying your identity is a five-minute process, completed via your mobile phone or laptop.

£100 cashback when you signup

You get a free Tide business bank account and £40 cashback with each of our service plans at Clever Formations. Simple as that!

How can you access your account?

You can access your account 24/7 via the Tide banking mobile app or through their website. The banking app is available both for iPhone and Android users.

Your banking security

Tide is fully authorised and regulated by the Financial Conduct Authority – FCA. Additionally and as of this date, opening a new bank account with Tide means you are protected by the Financial Services Compensation Scheme (FSCS) for a deposit amount of up to £85,000.  Find out more, here.

Furthermore, Tide is ISO 27001 certified and operates a strict two-factor verification process for all new payees and payments with your mobile device. As an account holder, you are protected by optional transaction limits that can be updated by you, at any time.

Lastly, if you lose your Tide bank card, you can instantly block it with a single tap. No emergency calls are needed!

No monthly fees

Tide does not charge an annual or monthly fee to operate a business account.

No transfer fees

Free transfers between your Tide bank accounts means you can move money around without it costing you.

For more details, please visit our banking page or contact our support team