Co-operative Bank vs Tide: Business Savings & Current Account Comparison

Co-operative Bank and Tide both offer a range of business banking options. But which is better?

Below we compare Co-operative Bank vs Tide on 61 different metrics including business savings account rates, current account fees, Trustpilot reviews and many, many more so you can decide for yourself.

Co-operative Bank vs Tide Business Savings Accounts Comparison

	Co-operative Bank	Tide
Types of Savings Accounts	Instant Access, 35 or 95 Day Notice Accounts	Instant Saver
Lowest Savings Rate	1.53%	3.55%
Maximum Savings Rate	2.42%	3.55%
Minimum Investment Amount	£0	£1
Website	Co-operative Bank Website	Tide Website

Co-operative Bank vs Tide Free Business Bank Accounts

Below we look at the free business bank account options Co-operative Bank and Tide each offer.

	Co-operative Bank	Tide
Free Business Bank Account?	Yes	Yes
Free Business Account Term Length	24 months	Unlimited

Co-operative Bank vs Tide Fees & Pricing

	Co-operative Bank	Tide
Cheapest Monthly Account Fee	Free	£9.99
Most Expensive Monthly Account Fee	£10	£18.99
Electronic Payments (in/out)	£0.20	free
Cash Payments (in/out)	£0.30/£1.50	£1.00/£1.00
Cheques (in/out)	£0.30 / £1.50	free
Debit Card Payments	Yes	Yes
CHAPS Payments	£25	20p
SEPA Payments	free	0.70 EUR

Co-operative Bank vs Tide Account Types

Below we look at the different types of business bank accounts and other types of business finance solutions Co-operative Bank and Tide offer.

	Co-operative Bank	Tide
Current Account Switch Service	Yes	No
Type of Card (Mastercard vs VISA)	Mastercard	Mastercard
Business Current Account	Yes	Yes
Business Savings Account	Yes	No
Business Credit Card	Yes	No
Business Overdraft	Yes	No
Business Loans	Yes	Yes
Commercial Mortgages	Yes	No
Online Banking	Yes	Yes
Mobile Banking	Yes	Yes
In person/Branch Banking	Yes	No
Invoice Financing	Yes	No
International Payments	Yes	No
Merchant Services	Yes	No
Free Accouting Software	No	No

Co-operative Bank vs Tide Foreign Currency Accounts

In this section we look at what types of foreign currency accounts each bank offers.

	Co-operative Bank	Tide
US Dollar (USD) Bank Account	No	No
Euro (EUR) Bank Account	No	No
Other Currencies Available	None	None

Co-operative Bank vs Tide User Reviews

	Co-operative Bank	Tide
Trustpilot Score (out of 5)	3.7	4.3
Number of Trustpilot Reviews	5034	17073
iPhone App Score	4.8	4.8
Number iPhone of Reviews	38858	7.1K
Android App Score	3.3	3.9
Number of Android App Reviews	4971	13.4K

Co-operative Bank vs Tide Banking Service Quality

Data for this section comes from the BVA BDRC Business banking service quality report.

	Co-operative Bank	Tide
Overall Service Quality Ranking	15	4
Overall Service Quality Score	42%	68%
Online And Mobile Banking Services Ranking	15	3
Online And Mobile Banking Services Score	35%	74%
SME overdraft and loan services Ranking	Not Ranked	Not Ranked
SME overdraft and loan services Score	Not Ranked	Not Ranked
Relationship/account management Ranking	15	4
Relationship/account management Score	37%	67%
Service in branches and business centres Ranking	7	Not Ranked
Service in branches and business centres Score	48%	Not Ranked

Co-operative Bank vs Tide Overview

Here is some other key data about each bank.

	Co-operative Bank	Tide
FSCS Protection	Yes, up to £85,000	Yes, up to £85,000 via ClearBank
Market Share	0.33%	0.01%
Bank Type	High Street	Challenger
Total Assets	£28.1 billion GBP	£48.32 million GBP
Swift/BIC Code	CPBKGB22	NA
FCA Number	121885	900843
Company Number	990937	9595646
Business Customer Phone Number	44 345 721 2212	44 20 4587 0366

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