Mobile banking firm Tide has launched in the UK , providing a business banking app for SMEs . Users can quickly set up a business account with their passport or driving licence . New users are then given a UK sort code and account number , together with a business account for daily expenses . Tide 's automated bookkeeping service categorises transactions as they take place and allows payments to be made at the touch of a button . According to the firm, there are no monthly fees, but a 20p per bank payment and £1 per cash withdrawal charge, It is available on iPhone, Android and web. The business account carries no monthly fees but there is a 20p ( $ 0.25 ) charge per bank payment and a £ 1 charge per cash withdrawal .
Mobile banking firm Tide has launched in the UK , providing a business banking app for SMEs . Users can quickly set up a business account with their passport or driving licence . New users are then given a UK sort code and account number , together with a business account for daily expenses . Tide 's automated bookkeeping service categorises transactions as they take place and allows payments to be made at the touch of a button . The business account carries no monthly fees but there is a 20p ( $ 0.25 ) charge per bank payment and a £ 1 charge per cash withdrawal .