Tide referral and promo code questions

Up to £200 in total. The NEW200 offer pays £75 for spending £100 on your Tide card within 30 days of opening, and £125 for depositing £5,000 into Tide Instant Saver within 7 days and holding it for one month.

No. The two steps are independent. Complete only the card spend and you receive £75. Complete only the savings step and you receive £125. Complete both and you receive the full £200.

The code is NEW200. You can enter it when Tide asks for a referral or promo code during sign-up, or simply open your account through the referral link on this site and the offer is applied automatically. Either way, if you sign up without the code or the link, the bonus cannot be added afterwards.

New Tide business account members only. You must be a UK sole trader, limited company or partnership, be aged 18 or over, and not already hold or have previously held a Tide account.

Tide pays each part of the reward into your Tide account after the qualifying condition has been verified. Allow up to 30 days after completing a step for the payment to appear.

No. Opening a Tide Free business account costs nothing and there is no monthly fee on the Free plan. Transaction fees apply for cash deposits, withdrawals and transfers.

Yes. The £5,000 must be deposited into Tide Instant Saver within 7 days of opening your account and remain there for one month for the £125 element to be paid.

Yes. Tide Instant Saver allows instant access, so once the one-month holding period is complete you can withdraw your funds at any time.

Cashback received in a business capacity may count as business income. We are not tax advisers — speak to your accountant about how to record it.

No. The NEW200 offer is strictly for new business account members. Existing and previous account holders are excluded.

Tide itself is a business financial platform rather than a licensed bank, but Tide Business Current Accounts are powered by ClearBank, so eligible balances are protected by the FSCS up to £120,000.

Most sole traders and simple limited companies are approved within minutes. You will need photo ID and your company details to hand.

Closing your account, or withdrawing the savings deposit, before the qualifying period ends means that part of the reward will not be paid.

Opening the business account itself does not involve a hard credit search. Applying for Tide credit products, such as a business loan, is assessed separately.

Yes. Many businesses open Tide as a second account, claim the referral reward, and keep their existing banking in place.

Photo ID (passport or driving licence), your UK address, and — for limited companies — your Companies House registration number and details of anyone owning more than 25% of the business.

Either click a claim link on this site, which applies the NEW200 promotion automatically, or type NEW200 yourself when Tide asks for a referral or promo code during sign-up. It cannot be added after the account exists.

You need photo ID and, for a limited company, your Companies House number. There is no credit check to open the account, and simple applications are often approved within minutes.

Activate your Tide Mastercard and make at least £100 of business spending within 30 days of opening. Any qualifying card spending counts, and it can be spread across several purchases.

Open Tide Instant Saver in the app, deposit at least £5,000 within 7 days of opening the account, and leave it in place for one full month. New members also get the top Instant Saver rates free for the first 4 months.

Each element is verified by Tide after its qualifying period ends and paid into your Tide balance. The two parts are independent, so you can claim one without the other.

You simply do not receive that element. Missing the savings window does not cancel the £75 spending reward, and vice versa — but neither deadline can be extended once passed.

A referral reward paid into a business account is generally business income and should be recorded in your accounts. Speak to your accountant about how to treat it for your business type.

The Free plan costs £0 a month with no minimum balance. Paid plans are Smart at £12.49 a month, Pro at £27.49 a month and Max at £69.99 a month, each adding more included transfers, expense card seats and tools.

On the Free plan you get 5 free bank transfers a month, then each further transfer costs 20p. Paid plans include far more, and unlimited transfers on the top plan.

UK card payments are free. Card payments in a foreign currency carry a 2.75% FX fee on the Free plan. ATM withdrawals cost £1 each.

Depositing cash at the Post Office costs 0.99% of the amount with a £2.50 minimum on the Free plan. PayPoint deposits cost 3%. If you handle a lot of cash, factor this in before switching everything across.

The Free plan includes 3 invoices a month. Beyond that you either pay per invoice or move to a paid plan, which raises or removes the limit.

CHAPS transfers cost £15 each on the Free plan. Payroll is £12 plus VAT a month. Tide Accounting starts at £13.99 a month and is included free on Pro, and Admin Extra is included on Max.

On the Free plan each additional expense card seat is £5 a month. Paid plans include seats, so once you pass two or three cards a plan upgrade is usually cheaper.

Cashback of 0.5% on card purchases is only available on the Max plan. The Free, Smart and Pro plans do not pay cashback on everyday spending.

There is no cap on money received by bank transfer into your Tide business account. Limits apply to cash deposits made over the counter at the Post Office or at PayPoint, which are set per deposit and per day and shown in the app.

Standard Faster Payments limits apply and are visible in the Tide app under payment limits. Larger one-off payments can be sent by CHAPS for £15, which clears the same working day.

Tide Instant Saver holds your spare cash with instant access. For the £200 offer you need at least £5,000 in it within 7 days of opening, held for one full month. Balances above the FSCS limit are still yours but are only protected up to £120,000.

Daily ATM withdrawal limits apply and each withdrawal costs £1. The current daily figure is shown in your app, and can be reviewed once your account is established.

Yes, in many cases. Tide reviews limits based on your account history and verification status, and you can request a change through in-app support.

Yes. Tide business current accounts are Powered by ClearBank, and eligible balances are protected by the Financial Services Compensation Scheme up to £120,000 per eligible business.

£85,000 was the previous FSCS limit. The protected amount for eligible deposits is now £120,000, and that is the figure that applies to eligible Tide balances.

Anything above the limit is not covered by the compensation scheme. Businesses holding large balances often spread them across more than one provider to stay within the protected amount at each.

Tide is a business financial platform rather than a bank in its own name. The current account is provided in partnership with ClearBank, which holds the banking licence — which is why FSCS protection applies to eligible balances.

Card payments use Mastercard's standard protections, the app supports biometric sign-in, and cards can be frozen instantly in-app. Tide runs identity and business verification on every application.