Skip to main content

Banking with Tide & PPF

Monday, November 26, 2018
By Millie Hunter of Tide
Banking with Tide & PPF

If you enjoy waiting in queues, filling out paperwork and organising in-house meetings with your bank - Tide is not for you. If you’d like to save yourself time and money with your banking, this blogpost should help.

There is a reason that 1 in 12 new business current accounts opened in the UK was with Tide, within just a year of  launching. We know that business owners didn’t start their business to spend time banking, but we did. So we’re giving business owners their time back, so that they can do less banking admin and get back to doing what they love. Tide Bank

Landed a contract and need to be set up ASAP? You can open a business current account in 5 minutes by simply downloading the Tide app on your phone. All you need to do is take a photo of your ID, take a selfie, and enter some basic information about yourself and your business. You can be paid the same day you pick up your contract.

Speaking of pay, we don’t want our members to pay any unexpected bank fees, so we don’t charge any signup, monthly, or annual fees. It’s also free to use your card in the UK and abroad. The only cost is 20p to send or receive money from a non-Tide account and £1 to withdraw cash (no matter how much cash you’re withdrawing) - the fees are simple and easy to remember, so you don’t need to spend time working out what you’ll be charged.

The app itself is packed with useful tools to save you time as well. If you’re worried about managing your spending, we’ve got it covered: our auto-categorisation tool allows you to see exactly where you’re spending (or over-spending). You can create and pay invoices straight from the app- no more waiting around to be paid. The world’s fastest business loan can be granted through the Tide app too, so you can start taking your business further, without any early repayment fees or impact on your credit score. 

Sometimes, we get questions from members regarding our security- concerns over whether our modern business banking service is secure and reliable. We’re delighted to reassure them that banking with us is fully secure. Tide's financial services are provided by Prepaid Solutions (PPS), an FCA regulated company that operates with an e-money license. Consequently, we never touch or re-invest your funds, and these funds are held in an FCA-regulated ring-fenced account to keep your money safe. 

If you prefer to manage your accounts from your laptop or computer, no worries! We have a desktop version so you can log in and view your transactions there. If you have any questions or concerns about managing the account, we have a dedicated Member Support team available seven days a week, so you can reach out to them whenever you need.

Tide works directly with Pink Pig Financials to save some of the back and forth between you and your accountant. Once you’ve agreed to it, they’ll have ongoing access to your transactional data, so you won’t be chased to send them your statements or transactions. If you sign up to Tide through Pink Pig Financials, we will provide you with a bespoke banking service to ensure that you’re saving time and money day in, day out.  To learn more please visit Here or speak to the PPF team!