I’ve recently been on the lookout for other Monzo style services for my savings, credit card, business banking, etc. I came across Tide which offers business banking through a mobile app, sign up in just 5 minutes and may work out cheaper in monthly charges for some.
I recently received a letter from Lloyds Bank saying that they’re changing my business bank account in September and increasing the monthly charge, so I’ve just opened a Tide account. I look forward to giving it a go and hopefully replacing Lloyds for my business banking.
From what I can tell Tide is in the early stages so there are a lot of features and things that you might need that are on the roadmap and coming soon. But it’s a fully operational bank account with a sort code and account number, you can make payments, setup direct debits, comes with a Mastercard, etc.
Thought I’d mention it for those who aren’t aware of it as I’ve seen a few posts asking for business accounts from Monzo. Anyway, nip over to tide.co if you fancy checking it out. Does anyone else here already use Tide?