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Review of the Tide, Business Banking:

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Good Bank for New Business

One of the main advantages of using Tide Bank is the ease of setting up an account. The account can be opened online, and the application process is straightforward and fast. The bank does not require any paperwork or visits to a physical branch, which makes it ideal for busy entrepreneurs who don't have the time to go through a lengthy application process. Bank also offers a range of features that can help business owners manage their finances effectively. These features include expense categorization, invoicing, and integration with accounting software such as Xero and QuickBooks. Another benefit of using Tide Bank is the low fees. The bank offers free transactions within the UK and competitive rates for international payments. Additionally, there are no monthly account fees, which is a significant advantage compared to traditional banks. Overall, Tide Bank is a good choice for SMEs that need a straightforward and affordable banking solution. However, it's worth noting that the bank does not offer some of the more advanced features that traditional banks provide, such as loans and credit lines. Normal Tide debit is not accepted many online platforms i.e google etc Reviewed on: 7th April 2023

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