Finyway LogoFinyway

Overview

Description

Tide is a leading UK-based digital business banking platform offering current accounts, invoicing, bookkeeping, and expense management tools designed specifically for SMEs, freelancers, and sole traders.

General Info

Address
4th Floor The Featherstone Building, 66 City Road, London, EC1Y 2AL, United Kingdom
Identification number
09595646
CEO
Oliver Prill
COB
Oliver Prill
Email
hello@tide.co
Full name
Tide Platform Limited
Name
Tide
Website
https://www.tide.co/
Social Media
SWIFT code
TIPLGB22
Year of foundation
2015

Overview

Crypto-Friendly

Risk
Medium risk
Commissions
Medium-High
Mobile App
iOS, Android, Web, Api
Supported languages
Bosnian, Dzongkha
International Transfers
EFT Transfers, CHAPS Transfers, SEPA / SEPA Instant
Authorities
MAS, CFTC, AMF
Regulators
OSFI, FSPR
Country of registration
Nigeria
Business focus
Student loans, Investments, Insurance, Deposits
Card/Payment Scheme
Visa, Mastercard, American Express, Alipay
License type
Central Bank, Retail and Commercial Banks, Forex Broker License
Account Currency
TTD, MXN, CNY, BAM
AML Tolerance
High

Products

Payment Cards - Debit

CBDC

Cryptoprocessing

Investments

Loans - Car loans

Loans - Consumer loans

Loans - Microloans

Loans - Mortgage loans

Loans - Student loans

Payment Cards - CashbackCard

Payment Cards - Credit

Payment Cards - Crypto

Payment Cards - Prepaid

Payment Cards - Travel

SEPA

SWIFT

Savings accounts

Staking

Time Deposits

Trading accounts

Features

ATM support

Acquiring bank

Cryptocurrency exchange

Cryptopayments

Expense Management Tools

Overdrafts

Personal Manager

Servicing of Individuals

Servicing of Legal entities

Area served

Africa
South Africa, Burkina Faso, Algeria
Asia
Palestine, Nepal, Japan, Armenia
Australia and Oceania
Tuvalu, Fiji, Australia, Marshall Islands
Europe
Russia, Bulgaria
North America
Bahamas, Antigua and Barbuda, Trinidad and Tobago, Mexico
South America
Brazil, Colombia, Peru

Pros & Cons

Pros

  • Fast International Transfers. Fast processing of international transfers (SWIFT, SEPA, etc.) with minimal delays

Cons

  • High Card Issuance/Delivery Fees. Expensive fees for physical card issuance or delivery (especially international)

  • Strict Source of Funds (SoF) Verification. Paranoid compliance — the bank frequently blocks transfers and requests a mountain of documents to verify the source of funds

  • No Remote Onboarding. Inability to open an account remotely, requiring mandatory personal presence at a bank branch

  • Low Interest Rates on Deposits. Extremely low, near-zero interest rates on deposits and savings accounts

  • Strict Account Minimums. Requirement to maintain a high minimum account balance to avoid penalties or fees

  • Strict Crypto Restrictions. Strict policy regarding cryptocurrencies: account freezes for transactions related to crypto or P2P