Does Tide have a banking licence?


I see repeated remarks about being a Challenger Bank?

Does Tide have a banking licence?

Or is it just a Mastercard issuer?



Hi David,

Thanks for getting in touch.

We’re not a bank, we’re better! Tide’s banking services are provided by PrePay Solutions, who are regulated by the FCA via an e-money license.

Our members’ funds are kept in a regulated, ring-fenced account. Therefore, their funds are never moved, invested or lent to anyone else. You can read more about this here.

You can also read about our safety and security here.

Let me know if you’ve any other questions, I’d be happy to help.