Tide Referral Code: REFER200
Remember to activate the Tide Promo offer you need to enter: REFER200 in the Tide referral code box during signup
Tide Bank is an innovative, digital-first banking platform dedicated to serving UK small businesses, freelancers, sole traders, and startups. Through its partnership with ClearBank and PPS, Tide provides user-friendly, tech-driven financial solutions, simplifying business banking. And remember to use Tide referral code: REFER200 to get £200 cash.
Services Offered by Tide Bank
1. Business Current Account
- Quick online account opening for sole traders and limited companies
- Instant UK sort code and account number
- No monthly fees with the basic account
2. Debit and Expense Cards
- Free Mastercard debit card
- Virtual cards available
- Employee-specific expense cards with custom spending limits
3. Invoicing and Payments
- Professional invoicing directly from the app
- Payment links, card payments via app or Tide card reader
- Tap-to-pay on iPhone
4. Accounting Integration
- Integrates with platforms such as Xero, QuickBooks, FreeAgent, Sage
- Automated bookkeeping, transaction tagging, and VAT filing capabilities
5. Multi-user Access
- Varied access levels: free read-only access up to multiple enhanced-user accounts depending on plan
6. Savings and Interest
- Instant Saver account offering competitive interest rates (up to 4.12% AER)
7. International Payments
- Supports SEPA (EUR) payments and international transfers with competitive FX rates
8. Cash and Cheque Services
- Deposit cash via Post Office (0.5% fee, min. £2.50) or PayPoint (3%)
- £1 fee per ATM withdrawal
- Cheque deposits via app
9. Lending and Credit Options
- Invoice finance and business loans through Tide Credit partners
10. Customer Support
- In-app chat support for all; premium tiers offer phone support, priority service, and legal helpline
Pricing Structure and Plans
| Feature / Plan | Free | Smart (£12.49 + VAT) | Pro (£24.99 + VAT) | Max (£69.99 + VAT) |
|---|---|---|---|---|
| Monthly Fee | £0 | £12.49 | £24.99 | £69.99 |
| UK Card Transactions | Free | Free | Free | Free |
| UK Bank Transfers | £0.20 each | 25 free, then £0.20 | Unlimited | Unlimited |
| International Payments | £0.20 + 1.5% FX | Lower FX fees | Lowest FX fees | Lowest FX fees |
| ATM Withdrawals | £1 per withdrawal | Same | Same | Same |
| Expense Cards | £5/month each | 1 free, then £5 each | 2 free, then £5 each | 3 free, then £5 each |
| Virtual Cards | Included | Included | Included | Included |
| Team Access | Read-only | 1 enhanced user | 2 enhanced users | 5 enhanced users |
| Invoicing | 3/month | 3/month | 3/month | Unlimited |
| Cashback | None | None | None | 0.5% cashback |
| Customer Support | Basic Chat | Phone and Chat | Priority Phone & Chat | Premium 24/7 Support |
Additional add-ons available include Tide Accounting (£9.99/month), Invoice Assistant (£5.99/month), and Admin tools (£12.99-£19.99/month).
Advantages of Using Tide
- Quick account setup
- No hidden monthly fees for basic accounts
- Excellent accounting integrations
- Flexible plans suited for various business needs
- FSCS protection on deposits (up to £85,000)
Disadvantages
- Lacks traditional banking services (e.g., overdrafts, cheque books)
- Reliance on mobile and online access
- Limited customer support options on lower-tier plans
- Fees can accumulate for frequent cash or international transactions
Tide Referral Code: REFER200 (Get £200!)
Tide offers a generous referral bonus of £200 through the referral code REFER200:
- £75 cash reward after spending £100 using your Tide card within 30 days of opening the account.
- Additional £125 cash reward when depositing £5,000 into a Tide Instant Saver within 30 days of account opening.
How to Redeem:
- Sign up using the code REFER200.
- Complete KYC verification and account setup.
- Spend £100 with your Tide card within 30 days.
- Deposit £5,000 into Instant Saver within the same period.
- Rewards are credited within 6-8 weeks after fulfilling criteria.
Terms & Conditions:
- Only available for new UK-based customers.
- Minimum age 18.
- Rewards paid directly into your Tide account.
- Offer valid once per business/customer.
- Tide retains rights to amend or withdraw the offer.
- Accounts must remain active and compliant until rewards are received.
Final Thoughts
Tide Bank offers powerful digital banking solutions tailored to the unique needs of UK SMEs, freelancers, and sole traders. Whether you’re seeking streamlined expense management, integrated accounting solutions, or competitive banking fees, Tide provides flexible plans to accommodate your business growth.
Take advantage of Tide’s referral code REFER200 for a beneficial start to your business banking journey and claim your £200 bonus today!