Is Tide or TSB better for your small business?
Below we look at both Tide and TSB 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 TSB Trustpilot Reviews
| Tide | TSB | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.2 |
| Percent 5-Star Reviews | 73% | 56% |
| Percent 1- Star Reviews | 17% | 27% |
| Total Number of Reviews | 18,595 | 21,942 |
https://www.trustpilot.com/review/tide.co
https://www.trustpilot.com/review/tsb.co.uk
Tide vs TSB App Reviews
| Tide | TSB | |
| iPhone Review Score (out of 5) | 4.7 | 4.8 |
| Number of iPhone Reviews | 64,800 | 457,400 |
| Android Review Score (out of 5) | 3.5 | 4.4 |
| Number of Android Reviews | 16,200 | 197,000 |
https://apps.apple.com/gb/app/tide-business-banking-app/id1140086177
https://apps.apple.com/gb/app/tsb-mobile-banking/id1160720878
Tide vs TSB Account Fees & Charges
| Tide | TSB | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | No Limit | 30 Months |
| Cheapest Monthly Account Fee | £9.99 | £5 |
| Most Expensive Monthly Account Fee | £49.99 | £40 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | £1 | 70p per £100 |
| Cheques (in/out) | Free | 70p |
| CHAPS Payments Cost | No | £30 |
| SEPA Payments Cost | €0.70 | £2 |
Tide vs TSB Business Savings Rates
| Tide | TSB | |
| Types of Business Savings Accounts | Business savings account | Instant Access, Fixed Bonds |
| Lowest Savings Rate (AER) | 3.55% | 1.35% |
| Maximum Savings Rate (AER) | 3.55% | 4.30% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Tide vs TSB Account Opening Times
| Tide | TSB | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 to 2880 minutes | 10 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Tide vs TSB Features & Account Types
| Tide | TSB | |
| 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 | Yes |
| Joint Business Accounts Available | No | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | None, online only | UK-wide |
Tide vs TSB Customer Support Options
| Tide | TSB | |
| 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 | Yes |
Tide vs TSB Foreign Currency Accounts
| Tide | TSB | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Tide and TSB
| Tide | TSB | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | No |
Tide vs TSB Banking Basics
| Tide | TSB | |
| Bank Type | Challenger | High Street |
| FSCS Protection | Yes, up to £85,000 via ClearBank | Yes, up to £85,000 |
| FCA Number | 754568 | 191240 |
| Website | Tide Website | TSB Website |
Common Comparison Questions
Does Tide or TSB 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, TSB scores 4.2 out of 5 based 21,942 Trustpilot reviews. Of which 56% are 5-star and 27% are 1-star.
Does Tide or TSB 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, TSB’s iPhone App is rated 4.8 out of 5 based on 457,400 reviews. And it’s Android App is rated 4.4 out of 5 based on 197,000 reviews.
Does Tide or TSB 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, TSB offers Instant Access, Fixed Bonds accounts with interest rates ranging from 1.35% to 4.30% (AER).
See Other Comparisons:Tide vs Starling Bank
Tide vs Shawbrook Bank
Tide vs RBS (Royal Bank of Scotland)
Tide vs Wise
Tide vs Revolut Business
For other business bank accounts see our guide here.