Is Tide or Aldermore better for your small business?
Below we look at both Tide and Aldermore 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.
Tide vs Aldermore Trustpilot Reviews
| Tide | Aldermore | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.6 |
| Percent 5-Star Reviews | 73% | 80% |
| Percent 1- Star Reviews | 17% | 9% |
| Total Number of Reviews | 18,595 | 4,424 |
https://www.trustpilot.com/review/tide.co
https://www.trustpilot.com/review/www.aldermore.co.uk
Tide vs Aldermore App Reviews
| Tide | Aldermore | |
| iPhone Review Score (out of 5) | 4.7 | No Rating |
| Number of iPhone Reviews | 64,800 | No Reviews |
| Android Review Score (out of 5) | 3.5 | No Rating |
| Number of Android Reviews | 16,200 | No Reviews |
https://apps.apple.com/gb/app/tide-business-banking-app/id1140086177
https://www.apple.com/uk/app-store/
Tide vs Aldermore Account Fees & Charges
| Tide | Aldermore | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | No Limit | NA |
| Cheapest Monthly Account Fee | £9.99 | £12.50 |
| Most Expensive Monthly Account Fee | £49.99 | £30 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | £1 | 75p / £2 + 2.75% |
| Cheques (in/out) | Free | Free |
| CHAPS Payments Cost | No | £30 |
| SEPA Payments Cost | €0.70 | No |
Tide vs Aldermore Business Savings Rates
| Tide | Aldermore | |
| Types of Business Savings Accounts | Business savings account | Fixed rate, Easy access |
| Lowest Savings Rate (AER) | 3.55% | 3.25% |
| Maximum Savings Rate (AER) | 3.55% | 4.60% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Tide vs Aldermore Account Opening Times
| Tide | Aldermore | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 to 2880 minutes | 2 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Tide vs Aldermore Features & Account Types
| Tide | Aldermore | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | Yes |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | Yes | No |
| Joint Business Accounts Available | No | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | None, online and phone only |
Tide vs Aldermore Customer Support Options
| Tide | Aldermore | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Tide vs Aldermore Foreign Currency Accounts
| Tide | Aldermore | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Tide and Aldermore
| Tide | Aldermore | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Tide vs Aldermore Banking Basics
| Tide | Aldermore | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 via ClearBank | Yes, up to £85,000 |
| FCA Number | 754568 | 204503 |
| Website | Tide Website | Aldermore Website |
Common Comparison Questions
Does Tide or Aldermore have better customer reviews?
Tide scores 4.2 out of 5 based 18,595 Trustpilot reviews. Of these reviews 73% are 5-star and 17% are 1-star.
Whereas, Aldermore scores 4.6 out of 5 based 4,424 Trustpilot reviews. Of which 80% are 5-star and 9% are 1-star.
Does Tide or Aldermore have a better App?
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.
In comparison, Aldermore’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does Tide or Aldermore have better business savings rates?
Tide offers the following types of business savings accounts: Business savings account with interest rates ranging from 3.55% to 3.55%. (AER)
In contrast, Aldermore offers Fixed rate, Easy access accounts with interest rates ranging from 3.25% to 4.60% (AER).
See Other Comparisons:Tide vs Handelsbanken
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For other business bank accounts see our guide here.