3 min read

Switching fees for free business bank accounts

The decision to switch your business bank account is a decision not to be taken lightly. This article will summarise the main switching costs when changing your business bank account.

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Tide is the new hassle-free way to control your finances, helping you save time and money. Accounting made easy. Safe and secure. Instant invoicing. No monthly fees. Powerful and simple.

How easy is it to switch my business bank account?

Most people tend to stay with their bank for many years. However, it’s a lot easier than you might think to switch business bank accounts.

The Current Account Switch Guarantee means the process is now super simple and low cost:

It’s free.
A switch date within seven days.
You can choose the switch date.
Your balance is transferred.
Your incoming and outgoing payments are automatically moved.
Your old bank account is closed.
Any interest lost is reimbursed.

However, before you consider switching there are other costs you may need to consider.