Setting up your
Register a limited company and open a business account, together, for free
Activate one of our two partner offers and you can have your new business setup and a business current account ready to go in under 10 minutes. It really couldn’t be simpler. You will even get £75 cash credited to your new account and free bank transfers for one year!
Choose either a FREE business current account for a freelancer or sole trader (or already created LTD company) or form a new LTD company for FREE and get the best deal.
Remember: By clicking the offer button you will auto-populate the promo code on our partner site but if you go direct or want to double check you are getting this exclusive offer – then please ensure Tide referral code field shows: FREELTD75 during the registration process
- Free Business Current Account
- Free £75 Cash When You Deposit £1
- Free Bank Transfers For One Year
- Free Limited Company Formation
- Free Business Current Account
- Free £75 Cash When You Deposit £1
- Free Bank Transfers For One Year
You will get your company registered and your business current account opened in one streamlined process.
Yes, really! Your company registration fee will be paid to help you get started. You will even get £75 cash credited to your account
Your business account should be open in minutes, and your company is usually registered the same day.
Your company will be formed by a Companies House approved formation agent with a secure integration, so you’re in safe hands.
Whichever offer you choose - Make sure you have referral codeactivated at our partner site. If you decide to go direct then you will need to manually enter this code in the referral box to receive the benefits outlined
TIDE REFERRAL CODE: FREELTD75
Choose from one our 2 amazing offers.
Follow the link to activate the offer and complete your application. If you go direct to the Tide website then don’t forget to enter referral code: FREELTD75 to get your £75 bonus cash.
Get a FREE business current account when you activate one of our two partner offers (from Tide)
Tide Business Account Overview
Sign-up in as little as 10 minutes. You can also choose to register your company at the same time (for free) saving valuable time in getting your company and/or account set up to operate
No credit check required to open an account, therefore no risk in trying out Tide alongside an existing account
Free sign-up, with no annual or monthly fees
Free Mastercard usage (at home and overseas)
Access to all Tide Platform product features to manage your business admin such as the Company Registration tool, Virtual Office Address, Receipt Importer, VAT Manager (which links to HMRC), Expense Management, Expense Team Cards, Accountancy Software Integrations, Invoicing by Direct Debit (with GoCardless), and Apple Pay
Trusted by over 300,000 businesses
From consultants to cupcake makers, coders to coat makers, Tide are all about supporting small businesses and giving business owners time back, so they can do what they love and grow their business.
As a Tide member, you’ll enjoy exclusive discounts and bonuses from companies on the same mission: to save business owners valuable time and money.
All your business account needs in one app
Create and pay invoices, freeze your card, organise your money with multiple accounts, tag transactions with your own labels – it’s all in there.
Loved by accountants
Sync with your accounting software or give your accountant read access to make bookkeeping a breeze.
Setting up a limited company
Many new business owners decide to choose a limited company (Ltd) for their type of business model. This model is especially suited to small businesses since – as the name suggests – the liability that comes from the business activities is limited. There are only a few requirements so it’s relatively easy to set up. With our exclusive offer your company could be registered within the next 24 hours. Remember you don’t need to open a new LTD company with our offers but if you do; we will cover the formation costs!
What is a limited company?
In the UK, there are between 1.3 and 2.5 million limited companies, meaning it’s one of the most common ways to run a business. There are different types of limited company, including public limited companies (PLCs) and companies limited by guarantee. When people refer to limited companies, they usually mean private companies limited by shares, otherwise known as Ltd companies.
A limited company is a business structure where members or shareholders have their liability limited to the contributions that have made or invested in the company. The company is legally separate from the people who run it, has separate finances from your personal ones, and can keep any profits it makes after taxes have been paid.
How to get started setting up your limited company
Time to turn your idea into reality. In one streamlined process, you can register your UK limited company and open a business account. Better yet, we’ll take care of the registration cost with Companies House, so it won’t cost you a penny.
Remember you don’t need to open a LTD company and can register for a bank account either with your previously registered Ltd company or as a sole trader/freelancer.
We’d love for you to try out our business banking partner offer (even if you already have another business bank account) – we are confident you will love our service offering!
What you'll need to register your company if you decide to activate offer two
Use the search tool once you have activated the offer to instantly check if your company name is available.
This will be where official communications are sent, for example, letters from Companies House. The address must be in the UK and you can opt for a Tide ‘virtual office address’.
You’ll need the name, nationality, date of birth, occupation and address of the director. If there are more than one director or shareholders, you can add this detail later directly with Companies House.
Getting started is easy!
No queuing or appointment required
Frequently Asked Questions
You can find answers to most questions on the partner site. But some of the most frequently asked are listed below.
The Offer includes:
- A £75 cashback reward – this is subject to Minimum Balance of £1*
- One year of free transfers to any UK accounts.
- FREE Ltd company formation (if requested during registration.
*The Offer is limited to one £75 cashback reward per applicant. To receive the reward, the applicant must credit the new Tide account with a minimum of £1 (the “Minimum Balance”).
To be eligible to receive the FREELTD75 promotional offer (the “Offer”), applicants must first successfully open a sole trader or limited company business current account with Tide. The Offer is only valid for new accounts and applicants who haven’t previously opened an account with Tide.
To activate the Offer, the applicant must go to the partner site directly through the ‘links button’ on this site or use the referral code: FREELTD75. The applicant is required to either enter the referral code while applying for a Tide account via the Tide mobile app or the Tide website (https://web.tide.co/sign-up/) or simply let us Tide know through the in-app chat within 1 week of successfully opening the account (e.g. if an applicant successfully opens a new Tide account on Monday, the applicant will have until and including the following Monday to provide the referral code via the in-app chat).
The Minimum Balance of £1 must be credited by the applicant within three months of the account opening date in order to receive the £75 cash bonus
The reward will be paid into the applicant’s new Tide account. It can take up to 8 weeks from the date the applicant credits the account with the Minimum Balance for the reward to be validated and paid.
We reserve the right to modify these terms and conditions or withdraw this Offer at any time. This Offer cannot be used in conjunction with any other Tide offer or promotion.
Yes! Tide pays the £12 registration fee to Companies House on your behalf.
You’ll need these items:
Use the search tool on the partner site and they’ll instantly tell you if your company name is available.
You’ll need personal information such as your address, date of birth, and nationality.
You can choose your home address or your business address (if you have a separate trading address). You can also use a virtual business address if you have one.
Yes. The partner are an authorised formation agent of Companies House, and are securely integrated with them, so you can trust them to register your limited company.
Usually, it’s the same day – in fact, just 3-6 hours. If you submit outside of business hours, such as Friday evening, you might have to wait until Monday afternoon for proof of incorporation.
You’ll have yearly responsibilities such as your tax return and annual return plus ongoing tasks like keeping records of the company and keeping a register of PSC’s (People with significant control). Full details can be found on the gov.uk website.
To apply for an account with Tide, you will need to meet the eligibility criteria outlined below:
To apply for a registered business account, you’ll need to be registered with UK Companies House as a director of that company.
To apply for a sole trader account, you’ll need to be a UK based sole trader or freelancer.
For both account types, you’ll need to be aged 18 or above, have a valid UK phone number and address, and hold a compatible device registered to a UK App or Google Play store.
Tide are on a mission to help businesses owners spend less time on money admin, and want to enable as many small businesses as possible to do that. It’s a balancing act though, certain company types are more complex to onboard, so the scope of businesses they are currently able to offer accounts to is a little more focused than your average high street bank. More details can be found on the partner site.
We accept most most European National ID cards, international driving licences and passports to verify your identity.
No! To open a current account, Tide perform electronic checks (run by third-party services) to verify your identity and comply with UK anti-money laundering regulations. While these checks will not impact your credit score, they will appear on your credit report.
On-boarding timeframes vary depending on the types of applications we receive, but more than half of our new members this year opened their account in less than 10 minutes.
To be exact, 53% opened their accounts in under 10 minutes, 70% in under 60 minutes, and 81% within 48 hours. Even if your business is a bit more complex and Tide can’t complete your application right away, if you meet the eligibility requirements it’ll still be far quicker than most high street banks!
Saving their members time is at the core of what they do, so they’re always working to optimise and improve wait times.
Tide accounts come packed with smart and time-saving tools, letting you focus less on admin and more on your business.
Tide don’t charge monthly or annual fees for our current account.
You only pay for what you use:
Bank transfers (in or out)
Payments between Tide accounts
Card transactions home and abroad
Cash deposits (through the Post Office)
Cash deposits (through PayPoint)
3% of the total transaction value
Tide have integrations with Xero, QuickBooks, Sage, FreeAgent, Kashflow, Crunch and ClearBooks, with other integrations to follow in the future.
Find details on how to connect on their Accounting integrations page.
For a more comprehensive lists of FAQs please visit our partner site for a detailed breakdown of all questions and answers with contact details. Remember if you do decide to take up this exclusive offer at a later date you will need to enter referral code: FREELTD75 to get a FREE Business Account, FREE Ltd Company formation (if required), FREE £75 cash and Free 1 year of FREE bank transfers.
*See the full offer T&Cs here for further details. To benefit from the £75 cashback reward, make sure to credit your new Tide account with a minimum of £1 within 3 months of account opening. Tide offers bank accounts provided by ClearBank. ClearBank Ltd is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568). Registered Address: 4th Floor, Prologue Works, 25 Marsh Street, Bristol, England, BS1 4AX.