Tide Bank
Last Rated in Sep 2024
Tide is a technology company which does not have its own banking license. Instead, it relies on ClearBank to provide banking services to its customers. Because of the critical role that ClearBank has in making lending decisions, Chip has received the same rating as ClearBank.
ClearBank does not lend to companies. Instead, customer funds are deposited with the Bank of England. There is no risk of your money funding fossil fuel companies!
Have you opened an account with Tide Bank since visiting Bank.Green?
Key Facts
Type: Financial App
Mobile Banking: Yes
Environmental Policy: No
Founded: 2015
Serving: Orgs
Local Branches: No
Products
Checking Accounts: No
Savings Accounts: No
Credit Cards: No
Mortgages or Loans: No
Business Lending: Yes
ISAs: No
Fees
Overdraft Fee: Yes
Account Maintenance Fee: Yes
Free ATM Network: No
Impact
• Focuses on supporting small to medium-sized enterprises with digital-first banking solutions.
• Offers competitive business banking services, aiming to streamline financial management for businesses.
Security
• Collaborates with ClearBank to offer FSCS-protected accounts, ensuring funds are safeguarded up to £85,000.
• Implements robust security measures including real-time notifications and fraud protection services.
Service
• Provides a range of business accounts, from basic to premium, with integrated accounting services.
• Offers additional tools like expense cards and the ability to manage invoices directly from the app.
Accessibility
• Emphasises easy account setup and management through its app, supporting quick onboarding.
• Provides 24/7 customer support and a variety of resources to assist business owners.
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