New banking app launched » SMEInsider

New banking app launched

A new entrant into the UK banking space today with the news of the launch of Tide, a mobile-first banking app. The USP of the new service is the fact that Tide enables users to set up a fully functioning business account in a matter of minutes using their passport or driving licence.

“Managing financial admin is never a small business owner’s favourite task,” said George Bevis, head of innovation at RBS/WorldPay. “With Tide, entrepreneurs can save time and money, enabling them to spend more time doing what they love and growing their business.”

Bevis continues: “Managing financial admin is never a small business owner’s favourite task. With Tide, entrepreneurs can save time and money, enabling them to spend more time doing what they love and growing their business.”

Unlike other business accounts, Tide claims that it will carry no hidden fees and transparent pricing, charging 20 for a payment and £1 per cash withdrawal.

“For too long, the business services offered by high street banks have failed to meet the needs of the modern small business owner,” Bevis adds. “With slow sign-up processes, hidden charges and poor customer experience, business banking has been stuck in the dark ages.”

  • Merrylsenuri

    Managing finance is a main task in a business, hope with this app it will be made easier for the small businesses. It’s great that this app enables users to set up a fully functioning business account in a short span of time. Time & money are the things that are needed to be saved and this app paves the way for the same.

    Merryl from Bizbilla