If you’re the director of a company registered with UK Companies House, you’ll be eligible for a Registered Business account. Partnerships registered with Companies House (LLPs) are also eligible for a Registered Business account.
UK-based sole traders and freelancers with a valid UK residential address, who are registered with HMRC, are eligible for a Sole Trader account.
For both account types, you’ll need to be aged 18 or above, have a valid UK phone number, and hold a device registered to a UK App or Google Play store.
Tide on a mission to help businesses owners spend less time on money admin, and we want to enable as many small businesses as possible to do that.
But it’s a balancing act: Tide can’t take on too many accounts that are in high risk industries as that means they are not able to focus our time and energy on the rest of our members.
As a result and going forwards, Tide will not be offering current accounts to businesses in the following industries:
- Trading of cryptocurrencies
- Trading of precious metals and stones
- Money services (such as foreign exchange, loan providers, money transfers)
- Casinos, prize draws and other betting or gambling activities
- Sale of unlicensed pharmaceuticals
- Sale or trade of cannabidiol (CBD) products
- Trading of weapons, explosives or armaments
- Unlicensed trading and processing of scrap metal
- Unlicensed waste management
- Sale, import and export of used vehicles or heavy machinery
- Escort services and other services in the adult industry
- Bidding fee auctions
- Unregistered charities and charities that aren’t incorporated
- CICs (Community Interest Company)
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