Tide offers powerful, simple banking for modern businesses. Tide alternative bank account designed to reduce the time small to medium enterprises (SME) need to dedicate to their accounting. Prestige Business Management is proud to introduce Tide as our newest, professional partnership.
Introducing Tide Banking
At Prestige Business Management we take partnering with the right software and services very seriously. So we can offer you a complete and fast paced package of technologies, accounting and great communication that will be right for your business in the modern, economic marketplace. We also value good relationships. We continually strive to find the best tools and for our clients and pass on the benefits. We recently introduced Tide to our roster of special partnerships.
Tide Alternative Bank Account
Modern businesses require modern accounting tools. Good technology can automate the most time consuming processes and help business owners keep track of accounting, fast and effectively. Known as an ‘alternative’ bank account, Tide is aimed towards independents and freelancers along with small businesses. Tide banking was founded by George Bevis, who is an experienced entrepreneur and former banker. A Tide alternative bank account is operated through an app. While other popular alternative business accounts also enjoy banking apps they aren’t necessarily as central to their proposition. In true challenger bank style, the Tide alternative bank account is run and managed solely within the app. You won’t encounter any traditional online banking, costly customer service numbers, or frustrating login procedures. Customer service also comes via the app, though you can of course email too if needed.
How Does The App Work?
The beauty of innovative Tide banking, is in its simplicity. Click the link and follow the on screen prompts, that’s it. The application process takes less than 5 minutes, and all being well you’ll have your sort code and account number sent to you a few minutes later. Payments to and from the account can be made immediately. As expected direct debits can take a few days to set up. Unlike some other card-based business accounts, there are no split pools. The money in your account, is in your account. There’s no need to split funds between the account and the card, they are one and the same.
Benefits Explained:
Free signup
- No annual or monthly fees
- Free card usage, at home and abroad
- Free transfers to Tide members
What you Need to Know:
- 20p when sending or receiving money from a non-Tide account
- £1 ATM withdrawal
- Cash deposits: £1 at the Post Office, 3% at PayPoint
Prestige Business Management clients are entitled to 1 year of free transfers when you sign up using our referral code on this page.
There are no monthly cover charges, like so many traditional banks. There are zero hidden fees, just 20p per transaction, as we have mentioned, and that’s not even on all transactions. If you can receive payments via BACS rather than Faster Payments, then there’s no fee at all.
Tide provides our clients with added efficiency whilst you partner with Prestige Business Management in terms of accountancy provision.
If you use Tide’s banking platform, it will streamline your banking processes which can all be done via the app on your phone and unlock capacity within your business allowing you to focus on building your brand.
Powerful Simple Banking
Tide alternative bank account customers can use the account like any standard bank account to make and receive electronic payments, set up direct debits and standing orders, make card payments and transfer money.
In addition to this, you can send and manage invoices directly from the app. Customers can use the card abroad at point of sale, or online, without incurring any foreign exchange fees. Tide even has an API for linking your account data to external services. Integration with accounting platform Xero is available right out of the box, FreeAgent integration was implemented in March 2018 which is great for micro businesses and sole traders that use it in their tax returns.
The Tide alternative bank account is a welcome alternative to traditional business bank accounts, and even to the usual card based alternatives. It’s simplicity and ease of use, makes it perfect for micro businesses that need a basic account set up fast. Opening a Tide account does not require a credit check, which keeps the process, fast and simple. At 20p per transaction, it is possibly the most cost effective business bank account around, and depending on your business could work well as a main or even back-up account. Get in touch with Prestige Business Management today to check if a Tide alternative bank account will help you do business.
How Can Prestige Business Management and Tide Help Me?
Why not get in touch with Prestige Business Management today? We can help you get the most out of our latest partner service Tide. Allowing you to fully focus and grow your business. Call us today on 0203 773 2927.
