Reply to: tide - Business Banking

[NewBusinesser]

problems opening the account

Has anyone faced a problem with opening the account, for some reason I am.
First it wouldn't scan my passport and had to send a picture.

I opened an ltd few weeks ago, and thought that this will be done quickly, as I saw on several youtube videos, suddenly I am being asked about activity, how old it is, who are the clients and suppliers.
Any online presence !

How can I have an online presence if I just registered the company last week .....

I am setting up a translation services for contracts and articles and research papers, wills-death-marriage-birth certificates etc....

Did anyone face a similar situation ?

[demby]

Do Tide inform HMRC that you have opened an account (for Ltd company)?

[fool]

Just go with Starling. They are a proper bank. Their FreeAgent integration is going live very soon. They're adding support for multi-PSC companies in the next month or two as well.

Thats cool. I'll probably go from cater allen to starling once they support these two things.

I suspect these banks are all going for an exit though.

[SuperLooper]

Just go with Starling. They are a proper bank. Their FreeAgent integration is going live very soon. They're adding support for multi-PSC companies in the next month or two as well.

[cojak]

No but they say they don't need it. Not so sure I believe that though.

Is my money safe? Will I have FSCS protection? - Support - Tide Community

No, they don’t need it.

Until they do. I would NEVER put my money in anything that wasn’t FSCS protected.

[AlecJ]

Quickbooks

Does anybody know if Tide links to quickbooks online? or if they plan to do it soon?

[northernladuk]

Is Tide FSCS protected?

No but they say they don't need it. Not so sure I believe that though.

Is my money safe? Will I have FSCS protection? - Support - Tide Community

[WordIsBond]

Is Tide FSCS protected?

[TheCyclingProgrammer]

I'm hearing Starling/FreeAgent integration is finally due to launch soon. If it does then I'm switching from HSBC to Starling.

[SorenLorensen]

Another small gripe with tide is the MasterCard debit card they give you does not work for car hire companies as classed as a prepaid card


Sent from my iPhone using Contractor UK Forum

It's not accepted as a valid card for Azure services either, for the same reason. I ended up getting a fee-free Barclaycard Business card for this purpose, rather than pay RBS £35 a year for their card.

[JRCT]

Another small gripe with tide is the MasterCard debit card they give you does not work for car hire companies as classed as a prepaid card


Sent from my iPhone using Contractor UK Forum

That is true. I agree it's a pain. Travelodge also don't accept the Tide card for this reason. I had to set up a business Paypal account, linked ot my Tide bank account, to book hotels.

[GhostofTarbera]

Another small gripe with tide is the MasterCard debit card they give you does not work for car hire companies as classed as a prepaid card


Sent from my iPhone using Contractor UK Forum

[DeludedKitten]

Given the recent struggles that Metro are having, I'm looking to move.

I've signed up to the Monzo waiting list but will have to look at the others and see what looks good.

MyCo has two directors, two PSCs, some direct debits to pay, and I'd want FA integration. And ideally no fees.

If I ditch my accountant (starting to lose faith and trust in them right now) then I'll be getting an RBS account anyway for the FA deal so I may end up there instead :/

[TheCyclingProgrammer]

I use starling - It's simple, it works and theres zero fees for anything. I use Monzo for my personal account though (and have done since 2016)

I see Monzo are launching business accounts too.

[bhavic]

I use starling - It's simple, it works and theres zero fees for anything. I use Monzo for my personal account though (and have done since 2016)