![]() Some of Tide’s members also hold e-money accounts provided by Prepay Solutions (PPS) (account sort code is 23-69-72). Eligible deposits with ClearBank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. ClearBank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 754568. Tide offers bank accounts provided by ClearBank® Ltd (ClearBank) (account sort code is 04-06-05). ![]() Tide is also authorised and regulated by the Financial Conduct Authority in relation to its credit and insurance broking activities (firm reference 718743). Tide is authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 under firm reference number 900843 for the issuing of electronic money and the provision of payment initiation services and account information services under the Payment Services Regulations 2017. Tide Platform Limited (Tide) designs and operates the Tide website and app. You’re always welcome to get in touch with us at if you have any questions or comments about this. But we have to do this so we can fully support the financial strength and safety of our new and existing members. We understand that this won’t be good news for some people. Non-profit organisations, including charities CICs and CIOs.Escort services and other services in the adult industry.Sale, import and export of used vehicles or heavy machinery.Unlicensed trading and processing of scrap metal.Trading of weapons, explosives or armaments.Sale or trade of cannabidiol (CBD) products.Casinos, prize draws and other betting or gambling activities.Money services (such as foreign exchange, loan providers, money transfers).The wholesale of precious metals and stones.This includes using the funds on behalf of other individuals Insurance companies (incl. The holding, managing and/or controlling of a third party’s (client’s/customer’s) funds in the Tide account.We are also unfortunately unable to accept businesses in the following industries: This is especially true if we or the business owner is unable to trace where these funds are coming from. This is to make sure that we keep Tide members safe, that we have the resources to fully support them and their businesses in line with our regulatory requirements.Īs a result, we can’t accept anyone whose business is funded fully or in part by regular donations, as these carry specific risks that we are not currently able to service. If this risk is too high for us to support, we won’t accept their application. These risk factors include what type of business they have, how their business makes money and which industry it operates in. When someone wishes to join Tide, we calculate their risk factors. However, we can’t provide services for everyone. We don’t discriminate against anyone on the basis of political beliefs, religion, race, or any other characteristic protected by law. Our mission is to empower diverse and often under-represented small and medium business owners who lack access to financial services. We welcome everyone to apply for a Tide account. To register with HMRC, you just need to get in touch at gov.uk and follow the site navigation to let HMRC know you’re now self-employed. If you’re a sole trader or freelancer, you must have a valid UK home address and be registered with HMRC. If you haven’t done this yet, we can register your company and even pay the Companies House admin fee for you. If you’re a director of a limited company, your company must be registered with Companies House. We offer business accounts to directors of limited companies or sole traders.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |