Is Nationwide or Tide better for your small business?
Below we look at both Nationwide and Tide reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Nationwide vs Tide Trustpilot Reviews
| Nationwide | Tide | |
| Trustpilot Review Score (out of 5) | 1.7 | 4.2 |
| Percent 5-Star Reviews | 15% | 73% |
| Percent 1- Star Reviews | 75% | 17% |
| Total Number of Reviews | 5,509 | 18,595 |
https://www.trustpilot.com/review/www.nationwide.co.uk
https://www.trustpilot.com/review/tide.co
Nationwide vs Tide App Reviews
| Nationwide | Tide | |
| iPhone Review Score (out of 5) | 4.8 | 4.7 |
| Number of iPhone Reviews | 595,000 | 64,800 |
| Android Review Score (out of 5) | 4.5 | 3.5 |
| Number of Android Reviews | 106,000 | 16,200 |
https://apps.apple.com/gb/app/nationwide-mobile-banking/id542355130
https://apps.apple.com/gb/app/tide-business-banking-app/id1140086177
Nationwide vs Tide Account Fees & Charges
| Nationwide | Tide | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | £6.50 | £9.99 |
| Most Expensive Monthly Account Fee | £30 | £49.99 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 1% | £1 |
| Cheques (in/out) | £1.50 | Free |
| CHAPS Payments Cost | £15 | No |
| SEPA Payments Cost | No | €0.70 |
Nationwide vs Tide Business Savings Rates
| Nationwide | Tide | |
| Types of Business Savings Accounts | Instant access, Limited access, Fixed rate | Business savings account |
| Lowest Savings Rate (AER) | 2.25% | 3.55% |
| Maximum Savings Rate (AER) | 6.50% | 3.55% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Nationwide vs Tide Account Opening Times
| Nationwide | Tide | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 10 to 2880 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Nationwide vs Tide Features & Account Types
| Nationwide | Tide | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | None, online only |
Nationwide vs Tide Customer Support Options
| Nationwide | Tide | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Nationwide vs Tide Foreign Currency Accounts
| Nationwide | Tide | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Nationwide and Tide
| Nationwide | Tide | |
| Business Loans | No | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | Yes |
| Free Accounting Software | No | Yes |
Nationwide vs Tide Banking Basics
| Nationwide | Tide | |
| Bank Type | Building Society | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 via ClearBank |
| FCA Number | 106078 | 754568 |
| Website | Nationwide Website | Tide Website |
Common Comparison Questions
Does Nationwide or Tide have better customer reviews?
Nationwide scores 1.7 out of 5 based 5,509 Trustpilot reviews. Of these reviews 15% are 5-star and 75% are 1-star.
Whereas, Tide scores 4.2 out of 5 based 18,595 Trustpilot reviews. Of which 73% are 5-star and 17% are 1-star.
Does Nationwide or Tide have a better App?
Nationwide’s iPhone App is rated 4.8 out of 5 based on 595,000 reviews. And it’s Android App is rated 4.5 out of 5 based on 106,000 reviews.
In comparison, Tide’s iPhone App is rated 4.7 out of 5 based on 64,800 reviews. And it’s Android App is rated 3.5 out of 5 based on 16,200 reviews.
Does Nationwide or Tide have better business savings rates?
Nationwide offers the following types of business savings accounts: Instant access, Limited access, Fixed rate with interest rates ranging from 2.25% to 6.50%. (AER)
In contrast, Tide offers Business savings account accounts with interest rates ranging from 3.55% to 3.55% (AER).
See Other Comparisons:Nationwide vs Virgin Money
Nationwide vs Monzo
Nationwide vs Bank of Scotland
Nationwide vs Metro Bank
Nationwide vs TSB
For other business bank accounts see our guide here.