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GF014 – Need a business bank account quick? Tide might be the answer (and some)
Tide is a new challenger bank that aims to offer hassle free banking with the potential to set up a business account online within just 5 minutes.Here we chat to Dan from Tide on how this new offering might help fast growth companies including:
Hassle-free set up using the Tide app - get a sort code and bank account number within 5 minsSimple charge structure - no annual fees - 20p per transactionMastercard issued for usersAccount transaction classification, notes, uploadsIntegrations coming down the pipeline incl with Xero etcUser permissions / accountant read-only access etc on its wayInternational transactions and foreign currency accounts on their wayStrong experienced team and financial backing behind Tide
Get 3 months free
banking by using the Partner Code: IPTAXOr visit our partner link: https://www.tide.co/ip-tax-solutions
I can see this filling a gap, especially for startup companies looking to set up accounts quickly in anticipation of fundraising under say SEIS or EIS.Also, on the face of it there looks to be little benefit in holding out for an account with a more traditional bank - especially given the added features that Tide offers (unless you anticipate a significant number of monthly transactions).Check out the podcast below and let me know your thoughts...P.S. Please subscribe and leave a comment on iTunes :)
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Tide is a new challenger bank that aims to offer hassle free banking with the potential to set up a business account online within just 5 minutes.Here we chat to Dan from Tide on how this new offering might help fast growth companies including:
Hassle-free set up using the Tide app - get a sort code and bank account number within 5 minsSimple charge structure - no annual fees - 20p per transactionMastercard issued for usersAccount transaction classification, notes, uploadsIntegrations coming down the pipeline incl with Xero etcUser permissions / accountant read-only access etc on its wayInternational transactions and foreign currency accounts on their wayStrong experienced team and financial backing behind Tide
Get 3 months free
banking by using the Partner Code: IPTAXOr visit our partner link: https://www.tide.co/ip-tax-solutions
I can see this filling a gap, especially for startup companies looking to set up accounts quickly in anticipation of fundraising under say SEIS or EIS.Also, on the face of it there looks to be little benefit in holding out for an account with a more traditional bank - especially given the added features that Tide offers (unless you anticipate a significant number of monthly transactions).Check out the podcast below and let me know your thoughts...P.S. Please subscribe and leave a comment on iTunes :)