If you’re starting up a new business, one of the first things you’ll need to do is open a business bank account.
If you’re trading as a limited company, you must open a separate account for the company, as it is a separate legal entity from its shareholders.
If you’re going to work as a sole trader (self employed), you aren’t obliged to open a separate account for your business, but it will make your life much easier if you do.
The Tide business bank account – £50 cashback
We have set up a partnership with Tide, which is trusted by over 400,000 UK businesses, to provide completely free bank accounts for Bytestart visitors.
You can set up an account in minutes, and as a special welcoming bonus, Bytestart visitors will get £50 cashback just for opening an account. You will also benefit from a year of free transfers.
As you would expect, your money is FSCS-protected, there are no monthly or annual fees, and you can manage your account from your mobile phone (or desktop).
You can open a Tide account and run it concurrently with a traditional business bank account if you prefer.
Benefits provided by the Tide business bank account
- Rapid signup – the application process takes minutes.
- There are no monthly or annual fees.
- Free use of your Mastercard (home and abroad).
- Order up to 35 extra Mastercards for any team members.
- Free transfers to other Tide accounts.
- Free company formation if needed (whilst opening your bank account!)
- Central London virtual office address (a monthly fee applies for this service)
- Easy expense management via the Tide app. Makes VAT returns simple.
- Tide integrates seamlessly with FreeAgent, Xero, Sage, Quickbooks and Kashflow – you can synchronise your online accounting software with your bank transactions easily.
- 24 hours a day support via the Tide app.
- Manage your account from any device – laptop, tablet or desktop.
Open a Tide business account now!
IT Contracting clients are eligible for an exclusive offer from Tide – £50 cashback and one year of free UK transfers!*
Open an account using the code BYTESTART to claim this offer.
* See T&C’s on Tide’s Bytestart partner page here.
More Bytestart Guides
Great Offers for Bytestart visitors
Tide Business Bank Account - £50 Cashback!Simply open an account to qualify + 12 months of free transfers for Bytestart visitors!