Quick look – pros & cons
As with every provider, there are positive and negative aspects of Tide’s service. Before we take a deep-dive, here are some of the notable pros and cons:
Simple to use app that allows you to manage your money with your Tide and other accounts.
Reasonable charges and fees compared to competitors.
Create business invoices and share details with your accountant simply by using the app.
Safe and secure to use, and covered by the FCA and PRA.
No direct customer service, only mobile contacts.
International money transfers can’t be made using the account.
Doesn’t have all of the features of a traditional bank account, making it unsuitable for some businesses and startups.
You can’t pay in cheques and cash