Paramount has recently partnered up with Tide to provide our customers with free, easy to use business current accounts.
Tide is an e-money account provider and therefore not a bank – it’s a business account provider offering a modern alternative to high street banking. Tide accounts are ideal for both UK and overseas limited companies, and they come with the following benefits:
- No monthly or annual fees
- No credit checks
- Set up in just five minutes
- Dedicated account manager
- Free contactless Mastercard
- Mobile and web banking
- UK sort code and account number
- Available to UK and overseas businesses
- Easy to use
- Start trading straight away
Plus, you’ll get one year of free transfers when you open a Tide business account through us.
As a Paramount customer, you’ll also benefit from a prioritised onboarding service and a dedicated onboarding agent will provide you with unparalleled support. You’ll have a UK sort code and account number within just five minutes, so you can start trading straight away.
Currently, 1 in 9 new business accounts in the UK are Tide accounts – that’s 85,000 businesses putting their trust in Tide! Be the next one to join them and enjoy a year of free transfers when you register through Paramount.
Do you Need a Business Account?
While a sole trader may not need a business bank account, it's mandatory for limited companies to set up a dedicated business account, as your business is legally separate from your personal finances.
How to Sign Up
If you’re a UK customer, you can sign up for your free Tide account here. Make sure you have a UK SIM card, as once you’ve entered your details you’ll be sent a text message containing a link to download the Tide app and complete your application.
Overseas customers can sign up by downloading the app. You’ll also need a UK SIM card, as well as two types of ID, a photograph and your address abroad to complete your application.