Company Formation Services - Clever Formations

Business banking by Tide

Fantastic, hassle-free limited company bank account provided by Tide. 5-minute account opening and £100 cashback when you deposit in funds

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Tide business bank account

Claim £100 cashback when you open and deposit funds in to your new limited company bank account provided by Tide.

Fast set up

Get a business bank account in as little as 5 minutes when you open an account with Tide.

Sort code & account

Full bank account, including sort code and account number.

No monthly fees

Tide does not charge an annual or monthly fee to operate a business account.

Accounting integration

Integration via popular accounting apps and via Open Banking via our own app.

Free transfers

Free transfers between your Tide bank accounts means you can move money around without it costing you.

Cash deposits

You can deposit any cash into your Tide bank account via any Post Office or Paypoint.

Why choose Tide for your limited company bank account?

"Access your account on the move, create customised invoices, integrate with your accounting software and manage your expenses all in the Tide app. Spend less time on admin and more time doing what you love."

Get the following great benefits from Tide

Send and manage invoices

Invoice your customers directly from the Tide app

Get paid by Direct Debit

Integrate with GoCardless for quicker payments

Instant notifications

Get an instant notification as soon as you receive money in your account

Integrate with accounting software

Integrate with a range of account software, including our own bookkeeping portal

Why do you need a business bank account?

Although there is no legislation setting out that you need a business bank account, it is strongly recommended.

Bank terms & conditions

Banks usually do not like a business operating through a personal account. Usually, the terms & conditions within your personal account will state the account should be for personal use only. If the bank becomes suspicious you are using the personal account for business purposes, they could withdraw, or even freeze it..

Simplify your accounts

Mixing up personal and business expenditure and income can lead to issues with understanding what is claimable and what isn't. Furthermore, if HMRC sees you are using your personal account for business activity they can legally further check through prior year personal bank statements.

Increase confidence

Having a business bank account in the limited company's name doesn't just make your company more professional, but also increases the confidence with your customers and suppliers that they are paying, or receiving money legitimately.

Build your credit rating

At a later date, you may want to expand your business and take out further funding, such as a loan or mortgage. If you do not have a bank account, this task is increasingly more difficult and could mean your credit score is much lower, reducing the chances of you obtaining additional borrowing in the first place.

Ready to start forming your new company?

Compare our pricing plans

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Why choose Clever Formations

Fantastic, hassle-free expert company formation agents

Fast & Hassle Free

Get your company formed easily and quick - usually within 3 hours of ordering.

No hidden fees

Transparent pricing and clear packages ensures you choose the best option.

Fanatical support

If you have a question about our service, we'll respond quickly and efficiently.

Market expertise

Our team has been forming companies for over 15 years so we understand the market.

Comprehensive solution

All our packages have been designed to be as complete and comprehensive as possible.

Quality assured

Our expert team will ensure your company is formed accurately and without a hitch.

Want to find out more? get in touch above