Tide looks to cash in on Barclays decision to end free banking for charities

Source: Tide

Responding to the announcement by Barclays that it is ending free banking services for charities, Tide - the UK’s leader in SME challenger banking, has set up a dedicated hotline to help affected registered charities switch to their no monthly fee current account.

Oliver Prill, CEO of Tide, says “This is further evidence of how the oligopoly of the Big Four banks is failing the UK’s business and charity sector. Tide offers a great alternative. We are passionate about our members - a number of them charities - and encourage registered charities to reach out to us to join our state-of-the-art business account service.”

Registered charities can reach out on 020 3893 3501 or email hello@tide.co to speak to a dedicated switching team. To further support charities, Tide is also waiving all transaction fees for an entire year when they sign up via the switching team. 

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