Get £250 cashback when you open a Tide business bank account
How to get Tide’s cashback offer
Open a free Tide business bank account.
You can open an account through the Tide website, providing details about yourself and your company.
Enter the promo code.
As part of the sign up process, you'll be asked to enter the code to get your cashback.
Set up two Direct Debits and spend £100.
Once your account is up and running, you'll need to set up two Direct Debits and spend a minimum of £100 within 30 days to qualify for your £250 cashback reward.
Receive your £250 cashback.
Once you've completed the above steps, Tide will transfer £250 cashback into your account, usually within 6-8 weeks.
About Tide
Tide is an all-in-one business current account aimed at small businesses that want an easy way to manage their day-to-day finances.
You can open a new account quickly and easily online or through the app. Once you download the app, you’ll find a bunch of useful tools to help you manage invoices and set up spending limits.
It’s not a “proper” bank, which does have some drawbacks – like the fact your business won’t be able to accept cheques. Payments by cheque are in decline, but there’s always a chance this could cause an issue if you have a client who insists on paying in a particular way.
On the plus side, even though it’s not a bank, Tide’s partnership with ClearBank (which is an authorised bank) means your funds will be protected by the Financial Services Compensation Scheme (FSCS) up to £120,000.
If you have a Tide account, you can use your referral code and both earn a £50 voucher.
Check out the main pros and cons of Tide below to find out more.
How to use Tide’s refer-a-friend program?
- Get your Tide referral code from the app.
- Send your unique code to your friend.
- Make sure your friend enters the code whilst opening their Tide account.
- Your friend spends £500 on their Tide over 3 months.
- You’ll both receive £50 bonus
Pros and cons of Tide
Pros
- Easy to open a new account
- No fees or cap restriction to access funds
- Low minimum deposit to get started
- FSCS-protected up to £120,000
- Receive fees direct to your account with the Tide Card Reader (with unlimited mobile data)
- 24/7 in-app support
- No monthly fees or contracts
- Built-in accounting tool
- Manage company expenses and set spending limits
Cons
- Not an official bank account
- Currently doesn’t accept cheques
- No arranged overdraft
Alternative offers
We also have other similar business switching offer deals where you can find other deal if you are looking to get or change your business account.
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