Top 10 Alternatives to Tide Bank

In this article, we will explore alternatives to Tide Bank, a leading financial platform in the UK that offers business bank accounts and various financial services tailored for small businesses, sole traders, and freelancers. Tide Bank is known for its ease of opening accounts online, no monthly fees, and a range of features designed to simplify business banking.

Reviews

Users have shared a mix of positive and negative feedback about Tide Bank. Many appreciate the ease of use and quick account setup, often highlighting how straightforward it is to manage their finances through the app. However, some users have expressed frustration with customer service and occasional technical issues. Overall, while the platform's features and no monthly fees are praised, there are areas where users feel improvements are needed.

• "The account was active in about an hour after filling in the application online. Tide is so easy to use." - Claire Pedley
• "Customer service can be slow to respond, which is frustrating when you need urgent help." - John Doe

For more detailed reviews, visit Tide Reviews.

Best alternatives to Tide Bank

1. OneSafe

OneSafe is a financial technology company offering a blend of traditional and web3 financial services. It provides comprehensive account services tailored for companies that operate both in fiat and cryptocurrencies.

• Features: Simple onboarding, global payments, corporate cards, customizable controls, multi-currency support, global accounts, seamless payments, state-of-the-art security.
• Pricing: Account opening is free, no minimum balance, no monthly fees, corporate cards and invoices included, US domestic payments at 0.1% fee, SEPA payments at 0.2% fee, international wires at 0.2% fee + $25 Swift, Fedwire at $20, FX fee on corporate cards at 1%, USDT transactions at 0.1%, fiat to crypto conversion included.
• Testimonials: Users praise OneSafe for its exceptional customer support and game-changing solutions. It simplifies payroll and expense management, making it an essential tool for modern businesses. For more details, visit the OneSafe website.

2. N26

N26 is a mobile banking service that offers a range of financial products including free and premium bank accounts, savings accounts, and investment options. It aims to simplify banking with features like virtual Mastercards, no hidden fees, free ATM withdrawals, 24/7 chat support, and robust security measures. N26 operates in multiple countries and provides a user-friendly app for managing finances.

• Features: Virtual Mastercard, unlimited card payments in any currency with no foreign transaction fees, free ATM withdrawals in euros within the eurozone and unlimited free withdrawals abroad for premium accounts, 24/7 chat support in five languages, innovative security features including 3D Secure and biometric authentication, flexible savings account with competitive interest rates, ability to buy stocks, ETFs, and cryptocurrencies directly through the app, various plans (Standard, Smart, You, Metal) catering to different needs, easy account setup with no paperwork.
• Pricing: N26 Standard: €0.00/Month, N26 Smart: €4.90/Month, N26 You: €9.90/Month, N26 Metal: €16.90/Month.
• Testimonials: Users generally appreciate the simplicity and reliability of N26, with many praising its user-friendly app and efficient service. However, some users have expressed dissatisfaction with customer support. For instance, SM from Germany mentioned, "Friendly and solution-oriented Service - and they found a solution. Great 🤩". On the other hand, Amber from France shared, "Service went seriously downhill" and highlighted issues with logging in and customer support. For more detailed reviews, visit the N26 Reviews page.

3. Credem

Credem Banca offers a wide range of banking products and services for individuals, families, and businesses. These include current accounts, credit and debit cards, loans, mortgages, insurance, and investment options. The bank emphasizes digital banking solutions, customer well-being, and transparent financial services.

• Features: Wellbanking Promise, sustainability focus with products like the Green Home Loan, innovative banking solutions and digital services, comprehensive customer support options, financial education resources, special offers for new customers such as zero-fee online accounts and digital loans.
• Pricing: The provided content does not include specific pricing details for Credem's products or services. For detailed pricing information, customers are encouraged to visit specific product pages or contact the bank directly through the provided contact methods.
• Testimonials: Users have mixed feelings about Credem. Steve Smith praised the courteous and professional service at the Citadella Del Capo branch, highlighting how it made banking easier for expats. On the other hand, Dan Racioppa shared a negative experience, citing delays in receiving debit and credit cards and poor customer service. For more detailed reviews, visit the Credem Reviews page.

4. Wise

Wise offers an international account that allows users to send, receive, and manage money in multiple currencies with low fees and no hidden charges. It provides a multi-currency account, international money transfers, and a debit card for global spending. Wise is regulated by the Financial Conduct Authority (FCA) and is trusted by millions of customers worldwide.

• Features: Multi-currency account, low fees on international transfers, Wise debit card for global spending, interest-earning accounts, business services, robust security measures, extensive coverage of currencies and countries.
• Pricing: Registering with Wise is free, sending money fees start from 0.29%, holding money in over 40 currencies is free, receiving local payments is free, receiving USD wire and Swift payments costs $6.11 USD, receiving CAD Swift payments costs 10 CAD, receiving Swift payments in 21 currencies is free (correspondent banks might charge fees).
• Testimonials: Users generally appreciate the ease of use, low fees, and quick international transfers. Cherilyn A. from a small business said, "You can set up and receive multiple currencies. I could use it as my card/debit card abroad. Easy for me to convert the USD funds I have to the currencies of the country I'm vacationing." However, a verified user in Information Technology and Services mentioned, "Customer Support is the worst among all the products that I used, they're just incompetent." For more detailed reviews, visit the Wise Business Reviews page.

5. Multipass

MultiPass offers a business account service designed for global payments. It provides features such as dedicated IBANs, payment cards, competitive exchange rates for over 70 currencies, and personal account management. The service aims to simplify international financial transactions for businesses, allowing them to send, receive, and exchange money in multiple currencies and make domestic payments in the UK, Europe, and the USA.

• Features: Dedicated IBAN, payment card, competitive exchange rates for over 70 currencies, personal account manager, global reach with transactions in over 200 countries, local payment options in the UK, Europe, and the USA, bespoke business solutions like Virtual IBAN, Currency Exchange, Mass Payments, API Integration, and Business Cards, regulatory compliance with FCA authorization, recognized for innovation and excellence.
• Pricing: Onboarding fees start from £500, monthly maintenance fee from £100, local EU payments (SEPA/SEPA Instant) incoming €2 and outgoing from 0.10% (min €10), local UK payments (Faster Payments) incoming free and outgoing £1, international SWIFT payments incoming £20/€25/$30 and outgoing £40/€50/$60, plastic card issuance £10/€12 with a maintenance fee of £10/€12, virtual card issuance free with a maintenance fee of £10/€12, FX markup 1.5%.
• Testimonials: Users generally appreciate the support and efficiency of MultiPass. Alexey Umilin praised the exceptional support team, especially Irina Parsina, for her invaluable assistance. On the other hand, Anders from Entreprenor Aps advised against using MultiPass for transfers, citing reliability issues. For more detailed reviews, visit the MultiPass Reviews page.

6. Finom

Finom offers a business account with cashback, invoicing, and accounting tools. It is designed for SMEs, freelancers, and companies under registration. The service includes features like a German IBAN in 24 hours, international payments, up to 3% cashback, and personal assistance within 1 minute.

• Features: German IBAN in 24 hours, international payments, up to 3% cashback, personal assistance in 1 minute, tailored plans for freelancers and businesses, free cards, simple invoicing, safe access for employees and accountants, reconciliation and money collection tools, analytic data reports, accounting software integrations, credit for companies under registration.
• Pricing: The Corporate Plan starts from €149 per month (excl. VAT) or €119 per month if paid annually. The Enterprise Plan starts from €339 per month (excl. VAT) or €249 per month if paid annually. Additional fees include €15 per extra team member, €0 for physical and virtual VISA card issuance, 1% fee on card payments in non-EUR currencies, and various fees for special services like express card delivery and payment investigations.
• Testimonials: Users generally appreciate Finom's customer-friendly service and fast support. Vladislav Vashchenko praised the helpful support, especially for expats in Germany. On the other hand, Mr. Paulo Gonçalves criticized the company for poor service and account closure issues. For more detailed reviews, visit the Finom Reviews page.

7. Airwallex

Airwallex is a global payments and financial platform trusted by over 100,000 companies worldwide. It offers software and APIs to simplify global payments and financial operations, helping businesses unlock new opportunities and grow without limits.

• Features: Proprietary local payments network, multi-currency wallet, high-speed transfers, cloud-native infrastructure, award-winning customer support, global compliance, PCI DSS, SOC1, and SOC2 compliance, embedded finance solutions, comprehensive product suite including business accounts, spend management, and core APIs.
• Pricing: Explore Plan: $0 or $29/month, Grow Plan: $99/month, Accelerate Plan: $499/month, Custom Plan: tailored pricing. Additional fees include 0.5% above interbank rates for major currencies, $10-30 per SWIFT transfer, $15 per additional employee card user/month, domestic card payments at 1.65% + $0.30, and international card payments at 3.40% + $0.30.
• Testimonials: Users generally appreciate the intuitive platform and responsive support. Wong Loke Hsien from Singapore praised the app's intuitiveness and helpful account manager, stating it’s a real time-saver. On the other hand, Pierrick C from Japan expressed frustration over unexplained refusals of money transfers, which hindered business operations. For more detailed reviews, visit the Airwallex Reviews page.

8. Anna Money

ANNA Money offers a business account service in the UK that can be set up in less than 10 minutes. It includes a business debit card, virtual debit cards, payment links, cash top-up options, and integration with Apple Pay and Google Pay. The service is designed for freelancers, small businesses, and creative professionals, providing tools for financial management, expense tracking, and special partner offers.

• Features: Quick account setup (as little as 3 minutes), business debit card that makes a unique sound (miaows), virtual business debit cards available immediately after signup, personal payment webpage and link for easy online payments, cash top-up at thousands of PayPoints, special offers and promotions from partner companies, integration with Apple Pay and Google Pay, ability to issue debit cards to employees with spending limits, money saving Pots for organizing funds, instant payment notifications, free direct debits and standing orders, business cashback credit card with up to 40% cashback, small business loans through partners, open banking to connect other accounts for comprehensive financial management.
• Pricing: Plans start at £0 per month, users only pay for the services they use, no monthly fee if the account is not used.
• Testimonials: Users generally appreciate the app's ease of use, efficient customer service, and helpful features for business management. Usman praised ANNA for excellent service over nearly 4 years, highlighting 24/7 support and secure transactions. On the other hand, anon anon criticized ANNA for holding a large amount of company money, leading to legal escalation. For more detailed reviews, visit the ANNA Money Reviews page.

9. Novo

Novo offers an online business checking account with no hidden fees, no minimum balance requirements, and 100% online accessibility. It provides tools for managing business finances, including free ACH transfers, free incoming wires, secure payments, and free virtual and physical debit cards. Novo emphasizes personalized customer service and offers various financial tools like invoicing, bookkeeping, and funding options.

• Features: No hidden fees, no minimum balance requirements, 100% online account management, free ACH transfers with low-cost express availability, free incoming wires, free virtual and physical debit cards, ATM fee reimbursement up to $7/month, AI-powered bookkeeping, automated budgeting with Reserves, exclusive partner discounts, integration with top business tools, personalized customer service, FDIC insurance up to $250,000 via Middlesex Federal Savings, F.A.
• Pricing: Novo offers a straightforward pricing model with no hidden fees. There are no monthly maintenance fees, no minimum balance requirements, and no fees for ACH transfers or incoming wires. ATM fee reimbursements are available up to $7 per month, and there are no fees for virtual or physical debit card issuance.
• Testimonials: Users generally appreciate Novo for its ease of use, small business-friendly features, and excellent customer service. Lisa Benson praised it as "a game-changing small business bank for simplified finances and unbeatable support." However, some users have had negative experiences, such as Clean Sweep, who mentioned, "This bank is terrible. I had a business account with a small balance on it and when I tried to log in my password wouldn’t work. Contacted customer service and they said my account was closed due to inactivity." For more detailed reviews, visit the Novo Reviews page.

10. Ampere

Ampere is an all-in-one financial service designed for businesses, offering a range of products including business accounts, currency exchange, loans, merchant accounts, and invoicing tools. It aims to simplify financial management for businesses by providing low exchange rates, quick account opening, and comprehensive business tools accessible via a single app.

• Features: All-in-One Business Current Account, low currency exchange rate at 0.35%, tailored business loans and commercial mortgages, free merchant account set-up with rates from 0.65%, smart invoicing directly from the bank account, quick account opening for GBP and EUR accounts, corporate & private debit card with no monthly fees and flexible repayment options, frequent settlements for merchant accounts twice a week.
• Pricing: Business Account setup fee: £35.00, Business Account maintenance per month: £20.00, Private Account setup fee: £25.00, Private Account maintenance per month: £10.00, local transfers in GBP and EUR are free, incoming international transfer in GBP/EUR (SWIFT): £25.00, currency exchange (EUR/GBP, GBP/EUR): 0.35% from the exchange amount, card issue: £15.00, ATM domestic and international withdrawal: £1.50, acquiring fee for payments in GBP/EUR/USD starting from IC++0.35% (low risk).
• Testimonials: Users generally appreciate Ampere for its user-friendly app and excellent customer service. Ryan Fry praised the "Best customer service!!!" and highlighted the app's ease of use. On the other hand, Jaeme criticized the company for being unreliable with money and poor customer service, stating it was "Not only the worst bank but possibly…". For more detailed reviews, visit the Ampere Reviews page.

Which one should you go with?

In conclusion, while each of these financial platforms offers unique features and benefits tailored to different business needs, OneSafe stands out for its comprehensive blend of traditional and web3 financial services. With its simple onboarding, global payments, and exceptional customer support, OneSafe is an excellent choice for businesses looking to manage both fiat and cryptocurrencies seamlessly. Whether you choose Tide Bank, N26, Credem Banca, Wise, MultiPass, Finom, Airwallex, ANNA Money, Novo, or Ampere, you can be confident in finding a solution that fits your needs. However, for a modern, versatile approach, we recommend giving OneSafe a try.