Is Tide or MyPOS better for your small business?
Below we look at both Tide and MyPOS 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 MyPOS Trustpilot Reviews
| Tide | MyPOS | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.2 |
| Percent 5-Star Reviews | 73% | 67% |
| Percent 1- Star Reviews | 17% | 11% |
| Total Number of Reviews | 18,595 | 10,019 |
https://www.trustpilot.com/review/tide.co
https://www.trustpilot.com/review/mypos.com
Tide vs MyPOS App Reviews
| Tide | MyPOS | |
| iPhone Review Score (out of 5) | 4.7 | 4.2 |
| Number of iPhone Reviews | 64,800 | 698 |
| Android Review Score (out of 5) | 3.5 | 3.3 |
| Number of Android Reviews | 16,200 | 14,900 |
https://apps.apple.com/gb/app/tide-business-banking-app/id1140086177
https://apps.apple.com/gb/app/mypos-accept-all-payments/id934401253
Tide vs MyPOS Account Fees & Charges
| Tide | MyPOS | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | No Limit | No Limit |
| Cheapest Monthly Account Fee | £9.99 | No |
| Most Expensive Monthly Account Fee | £49.99 | No |
| Electronic Payment Cost (in/out) | Free | £1.50 |
| Cash Payments Cost (in/out) | £1 | £2 |
| Cheques (in/out) | Free | Unknown |
| CHAPS Payments Cost | No | No |
| SEPA Payments Cost | €0.70 | £3 |
Tide vs MyPOS Business Savings Rates
| Tide | MyPOS | |
| Types of Business Savings Accounts | Business savings account | None |
| Lowest Savings Rate (AER) | 3.55% | NA |
| Maximum Savings Rate (AER) | 3.55% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Tide vs MyPOS Account Opening Times
| Tide | MyPOS | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 to 2880 minutes | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Tide vs MyPOS Features & Account Types
| Tide | MyPOS | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | No | No |
| Business Overdraft | No | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | No | No |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | None, online only |
Tide vs MyPOS Customer Support Options
| Tide | MyPOS | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Tide vs MyPOS Foreign Currency Accounts
| Tide | MyPOS | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No | No |
Other Business Services From Tide and MyPOS
| Tide | MyPOS | |
| Business Loans | Yes | No |
| Commercial Mortgages | No | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | Yes |
Tide vs MyPOS Banking Basics
| Tide | MyPOS | |
| Bank Type | Challenger | Other |
| FSCS Protection | Yes, up to £85,000 via ClearBank | No |
| FCA Number | 754568 | 900826 |
| Website | Tide Website | MyPOS Website |
Common Comparison Questions
Does Tide or MyPOS 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, MyPOS scores 4.2 out of 5 based 10,019 Trustpilot reviews. Of which 67% are 5-star and 11% are 1-star.
Does Tide or MyPOS 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, MyPOS’s iPhone App is rated 4.2 out of 5 based on 698 reviews. And it’s Android App is rated 3.3 out of 5 based on 14,900 reviews.
Does Tide or MyPOS 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, MyPOS offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:Tide vs Ampere
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For other business bank accounts see our guide here.