Open A Business Bank Account In Minutes
For landlords who need to open a business account FAST we recommend Tide.
In just just a matter of minutes you can open a business bank account online and obtain an account number, sort code and a free business Mastercard (applicable to Limited Companies as well as sole or joint owners of property).
Tide is powerful and simple, and saves business owners like you time and money – and that’s why we’re proud to partner with them.
No annual or monthly fees (free sign-up and free to try out alongside an existing account)
No credit checks when opening an account
Company expense cards (order up to 35 additional Mastercards)
Free bank transfers for one year, after one year bank transfers are 20p when sending or receiving money from a non-Tide account
Free access to product features such as their Company Registration tool, Virtual Office Address, Accountancy Software Integrations, Receipt Importer, VAT Manager (which links to HMRC), Expense Management, invoicing Tool (including Invoice Protection and invoice payments by Direct Debit) and the COVID-19 Help Hub
Your money is safe
Tide’s banking services are provided by PrePay Solutions, who are regulated by the FCA via an e-money license. Members’ funds are kept in a protected Safeguarding account, meaning that they can never be loaned out to other customers and, as such, are not exposed to risk.
Scheduled payments
Easily setup or edit standing orders, direct debits and one off payments.
Instant credit
Access up to £15,000 in under 2 minutes. No credit score impacts and no repayment penalties.
Integration
Tide integrates seamlessly with the big accounting software packages including Quickbooks, Xero, FreeAgent, Sage, Reckon, Kashflow and more.
Card control
Manage your cards in seconds, straight from the Tide app.
In-app support
Chat to the Tide team with any questions 24/7 365 days a year.
To open an account CLICK HERE.
Disclosure
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Member Since January 2011 - Comments: 12212 - Articles: 1408
11:30 AM, 10th April 2021, About 5 years ago
Reply to the comment left by Bill at 10/04/2021 – 10:38
Banking has become a major issue for ex-pats living in Europe post Brexit. There was another thread started on this point and Transfer Wise was the most common solution people in this situation has gone with. Interestingly, HSBC seem to be the only mainstream provider not to have closed accounts for Ex-Pats in Europe
Member Since April 2014 - Comments: 136
11:54 AM, 10th April 2021, About 5 years ago
Reply to the comment left by Mark Alexander at 10/04/2021 – 11:30
This happened in 2017, well before the Brexit problems. My other UK high street bank accounts have fortunately not been affected by the Brexit change this year. The only problem I did have was that my BTL property insurance policy was cancelled at very short notice from 1st Jan as I live in Cyprus. I had to find a new insurer who would cover expats pretty fast.
Member Since April 2020 - Comments: 5
6:12 PM, 10th April 2021, About 5 years ago
I tried opening a Starlet bank account but fell down at the point that it was a new business. They wanted biz plans….. which was too much hassle so I never completed transfer. Their loss as my business is progressing now.
Member Since November 2020 - Comments: 12
4:28 AM, 14th December 2023, About 2 years ago
Reply to the comment left by Bill at 10/04/2021 – 10:38
We (limited company) we’re booted by RBS and tried Revolut, but they do not accept cheques. What about Tide or the other suggestions?
Member Since March 2023 - Comments: 1506
10:39 AM, 29th December 2023, About 2 years ago
Tide have a telephone number for Fraud , but for general banking queries its app or e-mail I am afraid. I won’t be using them.
Member Since March 2023 - Comments: 1
11:04 PM, 30th January 2024, About 2 years ago
Reply to the comment left by steve p at 10/03/2020 – 09:41Hi Steve, I was not aware of Starling does business bank accounts. I have a personal account currently and will call them tomorrow if I can open business accounts too. Do they not charge at all for money transfers? Mark mentioned Tide’s charges 20p after one year.
I currently am with TSB Business which provides 24 months free but after that, there is a fee involved. Not sure if TSB charges me for leaving them before 24 months.
Member Since March 2023 - Comments: 1506
8:40 AM, 31st January 2024, About 2 years ago
So you have to pay fees on a business account, big deal. I will stick with RBS, never had a problem and you can talk to someone
Member Since April 2021 - Comments: 120
9:08 AM, 31st January 2024, About 2 years ago
Reply to the comment left by Khagendra Limbu at 30/01/2024 – 23:04
I have a business act with Starling and there’s no monthly charge nor fees for transfers, payments, credits.
Member Since April 2015 - Comments: 468
10:51 AM, 9th February 2024, About 2 years ago
Reply to the comment left by steve p at 10/03/2020 – 09:41I was going to ask how Tide compares with Starling which is who I bank with but you answered my question. Have used Starling for over a year now and am very happy with them.
I think, Starling was a recommendation from P118 at one time.
Member Since March 2023 - Comments: 30
6:33 PM, 21st February 2024, About 2 years ago
Hi, I have just applied for a business LLP bank account to use for my buy to let portfolio with Starling – I saw on other posts Starling being recommended by other landlords but unfortunately they declined my account with the statement “This is because it falls outside the scope of businesses that we’re able to support.” even though I know some of you use them – what did I do wrong?…
Are there any other recommendations for other business accounts and how did you describe what your business does?…. I suspect that the person dealing with my account opening has completely misunderstood the business.
PS I told them that the LLP was setup to collect rent from my own rental properties and they kept asking for proof ownership for one of the properties which I did get from the land registry and send to them. (Was that normal for them to ask for this) – anyway account still refused – credit history good etc.
Any advice would be appreciated.
Thanks