Your online banking solution: Open a UK bank account

Cover fiche pratique

Online baking has made things a lot easier than they ever were in the past. To address the need for a customer-centric approach, modern digital banks like TIDE, Lloyds, HSBS, Barclays, and so on, are making a statement in the financial industry.

Logo HelloPrimo
Syed M.
Aug 18, 23 · 8 min read
Too long to read?
Become an entrepreneur with HelloPrimo.

A team of experts will get you the answers you need to get started with your business.

And today, we'll explore how you too can step into the world of innovative, secure, and convenient banking with TIDE online banking.

What is an online bank account?

Online bank accounts, with banks like TIDE, work exclusively through the Internet. But even traditional banks, like Lloyds, HSBC, and Barclays are beginning to switch to the online avenue with their apps. Online bank apps (like the TIDE app) allow customers to accomplish a wide range of activities, such as:

  • Inquiring about money/balance
  • Managing credit card and debit card
  • Money Transfers (including wire transfers)
  • Monthly bill payments from a mobile device

Many new online banks offer cashback options, free overdraft, and joint account services. Online bank accounts are becoming popular because of their accessibility, convenience, and cost-effective service. Even traditional banks like Lloyds, HSBC, and Barclays have begun adopting the modern online approach.

Documents required to open an online bank account in the UK

To open a UK online bank account, customers must have proof of identity and documents proving their personal address. Proving identity is simple — a passport, driving licence, or identity card will be enough.

Each bank has its list of documents acceptable as proof of address:

  • Tenancy agreement or mortgage statement
  • Electricity or gas bill
  • The current council tax bill

However, in most cases, such as with TIDE, only proof of identity is needed.

How to open an online bank account in the UK with the TIDE bank

Opening a personal online current bank account with TIDE Bank in the UK is easier than you may think, and it makes transferring money as simple as it can be. TIDE, as with other online banks, has a fully digital and quick account setup.

Here's a step-by-step guide on how you can do so:

Check the eligibility criteria

Start by checking the eligibility criteria for opening an online bank account in the UK, such as age requirements or residency status.

To have a TIDE bank account, you must:

  • Be 18 years of age
  • Have a UK-based phone number

Apply for an online bank account with TIDE

  • Log into the TIDE website and click on the “open an account” button.
  • You’ll have to sign up to access the account application form.
  • The rest is pretty much like signing up for Facebook.
  • Complete the application form for opening a new bank account.
  • Submit a few documents to prove your identity and address.
  • The form/webpage will ask you to input your name, date of birth, contact information, address, and so on.
  • Be sure you put in accurate and up-to-date information.
  • Upload pictures of your identity card (or any other proof of identity).
  • You can choose between Free, Plus, Pro, and Cashback tiers.
  • Once you’ve filled up the form and chosen your tier, hit submit.
  • In most cases, your application will be approved in a matter of minutes.
  • You can then start using the app in no time.

Choosing between the TIDE price tiers

TIDE Bank offers 4 pricing tiers - Free, Plus, Pro, and Cashback. And as the name implies, there are no monthly fees for the first one. But as you switch to a higher tier, and pay more fees, you get better customer support, cashback, perks, and so on.

Paid members receive 24/7 customer support through different channels, like phone, email, and online chat. Consider your needs and the level of service offered for your saving and current online bank account before you pick an option.

Receive account details

Once the bank approves your application, you'll receive your new current account details (account number, sort code, and so on) and debit card.

Set up online banking access

As soon as your application is approved, you can set up a username and a secure password for your app to enjoy the best online bank account services.

Make sure that you choose a strong password with a mix of letters, numbers, and special characters for additional account safety for your app.

And that’s pretty much it.

Now you can get started with transactions, wire transfers, cash withdrawals, and so on!

Security Measures

Confirm if the online bank account (such as for TIDE, Lloyds, Barclays, HSBC, etc.) uses robust security measures, like encryption and multi-factor validation. This will help you keep your personal and financial account information to yourself.
HowTo step image

1. Fee Structure

Try looking for bank accounts where you pay low or no overdraft fee, minimal monthly maintenance rate, ATM debit or card fee, wire transfers, and so on. Also, check if there is an overdraft cost to pay. Some banks offer less fee rates or waive the overdraft fee till a certain limit; you need an online bank that offers affordable fees.

1 sur 3
Become an entrepreneur with HelloPrimo.

A team of experts will get you the answers you need to get started with your business.

Frequently asked question

Can non-UK residents open an online bank account?
How long does it take to open an online bank account?
Is it safe to switch to an online bank account?
Can I open a joint account online?
Define your needs and find the right solution for your project
Get Started
logo HelloPrimo newsletter
No noise. Just signal.
Get the latest news in business dropped to your email once a month.