Can I open an account?


#1

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.

We’re 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: we can’t take on too many accounts that are in high risk industries as that means we’re not able to focus our time and energy on the rest of our members.

As a result and going forwards, we 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)

You can read more about this in our blog post: Providing financial security for our members.


Additional checks - FAQ
Refused a bank account
Maltese Company
Tide FAQs
Crypto business on Tide
Question on API capabilities and suitability for small business
FATCA - can Americans living in UK open business accounts with Tide?
Subsidiary account and inward payment
About the I Need Help category
Uk mobile phone
I cannot open a account from Spain