Tide – The small business bank
The business current account for contractors and small businesses.
How Tide bank account can manage your business
Are you looking for a bank account to help you manage your day to day business from your smartphone to send, pay and track your invoices, ring-fence cash reserves for expenses, wages and bills and sync up with leading accounting software?
Tide is a UK financial technology company providing mobile-first banking services for over 350,000 UK small and medium-sized enterprises (including sole traders, freelancers and limited companies.)
Why we love Tide bank for business
Tide bank partners with accounting software Xero, Freeagent and QuickBooks. So, if you are a Tide customer and you sign up for one of our price packages we will oversee the sign-up process to one of these three market leading software companies, connect all your personal or business transactions, and provide free training and additional support, as required, to make sure you are up and running as quickly as possible.
How Tide could benefit your business
The bank account offers several powerful features to deliver a better overall experience with all your business finance admin in one app. These include:
Auto-categorisation
Tide will automatically tag your income and spending. Customise the labels to suit your company.
Easy expenses
Upload receipts, auto-match them to transactions, add a note if you like and it’s all stored digitally.
Sync with your accountancy software
Link your Tide account to software like Xero, QuickBooks and more.
Send, pay and track invoices
No need for a separate system, keep on top of your invoices directly in their app.
Welcome to Fusion Accountants in London
After thirty years of providing comprehensive accounting and tax services to UK businesses and individuals, we understand that clients want a simple, friendly and transparent service that offers the latest exciting accounting software and apps to enhance their businesses.
You will be assigned a qualified client manager who will work closely with you to ensure the smooth running of your finances..
We are reliable, trustworthy, precise, and always available if you need us. We will also put in a monthly call to check all is well.
Our team will ensure you keep as much of your hard-earned money as possible while complying with HMRC requirements.
Customer service reviews
Our accountant Khalid Sayal has been excellent. Efficient, accurate, speedy, great to work with. The onboarding process has been excellent and there's no indication that the service would be any less in the future. I actually chose Fusion on the back of all the positive google reviews - which they clearly right deserved.
Emma Clark
Our accounting software partners
Our fixed-price packages include full accountancy support and online software packages, making your life as a company director as stress-free as possible.
Our online accounting software Xero, Freeagent, and QuickBooks make accounting and bookkeeping a breeze.
Send invoices, import bank statements, record expenses, upload receipts, and see your accounts and tax owed in real-time, 24/7.
And if you are VAT registered, our software helps you submit your VAT returns to HMRC – MTD ready! We will also contact you well before your deadlines to avoid late filing penaltie
Get in touch!
Got an accountancy question or looking for tax advice
Not an existing customer?
Open an account
Meet our Tide Bank Specialist
Khalid Sayal
Client accountant
“I joined Fusion Accountants in 2020. I work as a client accountant. I am accredited as Xero advisor, Xero payroll certified, QuickBooks certified Basic and Advanced ProAdvisor. I deal with small to medium-sized entities, contractors, Landlords, sole traders and freelancers.
I like weightlifting and in my spare time, I like reading books, especially non-fictional ones.”
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FAQ ‘s
How much does Tide cost?
They do not charge monthly or annual fees for their current account. You only pay for what you use:
- Bank transfers (in or out): 20p
- Payments between Tide accounts: Free
- Card transactions home and abroad: Free
- Cash withdrawals: £1
- Cash deposits (through the Post Office): £1
- Cash deposits (through PayPoint): 3% of the total transaction value
Which accounting software does Tide integrate with?
They are currently integrated with Xero, QuickBooks, FreeAgent (which we are credited Partners and Advisors) and Kashflow and Sage, with other integrations to follow in the future.
How long does it take to open an account?
On-boarding timeframes vary depending on the types of applications they receive, but more than 50% of new members this year opened their account in less than 10 minutes.
Can I export my transactions?
Unfortunately, not. If you would like to switch between a sole trader and registered company account type, you will need to close your existing account and open a new one.
Which types of payment can I make?
All GBP payments sent from your Tide account are Faster Payments. These can be processed as standard one-time transfers, scheduled payments, standing orders and Direct Debits.
Can I set up a Direct Debit?
Yes! Tide supports outbound Direct Debits. If you are asked to provide the name and address of your banking provider, you can find the address in the app: More > Transactions > Direct Debits. Please note that Direct Debits can take up to 5 days to become active once requested. The Direct Debit process starts 8.00 am Monday to Friday, excluding public holidays.