Tide Tide Plus
A plan byTide
Tide Business offers FSCS protection (accounts provided by ClearBank), an Instant Saver deposit account up to 4% AER (introductory rate for the first 4 months; then 2.27–3.74% AER variable depending on plan), over 1M members and company registration included. The free tier is, however, restrictive: 20p per transfer, receiving only in GBP/EUR and a £500 ATM limit.
Tide Plus
- Price
- €12
- Issuance fee
- Free
- FX markup
- 0%
- Cashback
- 0%
- Cashback currency
- Nessuno
- Required staking
- Nessuno
- Net annual cost
- €138
What's included
- 20 free transfer
- More tools
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | dedicato · GB, DE, IN |
| Multi-currency | No (single currency) |
| Outbound transfers to third-party IBANs | Yes |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | No |
| SEPA transfer | €1 |
| Interest on balance | 4% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | UK · 1+ countries |
| Regulator | FCA |
| OAM Italy registration | No |
| Segment | B2B |
| MiCA / License status | EMI (UK) FCA (UK) |
Strengths
- FSCS via ClearBank; savings up to 4% AER; 1M+ members; company registration included.
- No notable sovereignty advantage documented.
Weaknesses
- Free tier: 20p/transfer; no USD receiving; ATM £500 max.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (FCA (UK)): reporting to authorities and freezes on order.
Verdict
A middling verdict despite some strengths: FSCS protection (accounts provided by ClearBank), an Instant Saver deposit account up to 4% AER (introductory; 2.27–3.74% ongoing), over 1M members and company registration included. Holding the rating back is the restrictive free tier — 20p per transfer, receiving only in GBP/EUR and a £500 ATM cap — plus below-average privacy (4/10).
Weak through this lens: custodial with full KYC, FCA oversight and low privacy (4/10). No self-custody or real confidentiality; FSCS protection and the savings yield are consumer arguments, irrelevant to anyone seeking crypto-native autonomy.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Tide a real bank?
Tide is not a bank: it operates under an EMI (UK) licence (GB), regulated by the FCA. Business current accounts are, however, provided by partner bank ClearBank, so funds on those accounts are covered by FSCS protection; e-money held directly by Tide is instead protected via safeguarding.
Can I send transfers to third-party IBANs with Tide?
Yes, Tide allows outgoing transfers to third-party IBANs, like a traditional bank account.
Does Tide support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Tide support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from Tide?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · Issuer · Multi-currency · +3 Data verified on Jul 17, 2026
- moneynavigator.io SEPA fee · SWIFT fee Data verified on Jun 15, 2026
- refer200.co.uk Deposit guarantee Data verified on Jun 15, 2026
- tpg.com Investors Data verified on Jun 15, 2026
Show 4 more sources
- clay.com Issuer Data verified on Jun 14, 2026
- find-and-update.company-information.service.gov.uk Issuer · Trust & safety Data verified on Jun 14, 2026
- swgroup.com Company profile Data verified on Jun 14, 2026
- trustpilot.com Trust & safety Data verified on Jun 14, 2026