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Yes—your Tide business account is protected. Tide partners with ClearBank, a UK‑authorised bank, so your eligible deposits are covered by the FSCS up to £85,000 per person (£170,000 for joint accounts). Temporary high balances can be protected up to £1 million for six months. Tide’s FCA oversight, safeguarding rules, and ISO 27001 security add further protection. Use the FSCS Protection Checker to confirm coverage and shared licences. You’ll also see how to avoid common pitfalls and boost account security.
Key Takeaways
- Tide business accounts are provided via ClearBank, so deposits are FSCS‑protected up to £85,000 per person, per institution.
- Joint accounts receive up to £170,000 protection; temporary high balances may be covered up to £1 million for six months.
- FSCS compensation is usually automatic if ClearBank were to fail; you typically don’t need to apply.
- Confirm coverage with the FSCS Protection Checker by searching ClearBank or its FRN and reviewing shared licence details.
- Tide is FCA‑authorised, uses safeguarding and ISO 27001 security, with 2FA and transaction limits to protect your funds.
What Is FSCS and How It Protects Your Money
Peace of mind—that’s what the Financial Services Compensation Scheme (FSCS) delivers. It’s the UK’s safety net for deposits held with UK‑authorised banks, building societies, and credit unions.
If one of these institutions fails, you’re protected up to £85,000 per person, per institution. Hold a joint account? Each of you gets £85,000 protection, doubling the cover on that account.
You’re also protected for temporary high balances—up to £1 million for six months—covering events like property sales or insurance payouts.
If a covered firm fails, FSCS compensation usually happens automatically, so you don’t need to apply.
FSCS doesn’t cover e‑money or payment services firms. Always check if your provider is authorised and within FSCS scope, and verify each account’s protection status before depositing.
How Tide Works and Where Your Money Is Held
Now, here’s how that protection applies when you bank with Tide. You open and manage a fully digital business current account via Tide’s app and online platform, built for SMEs.
Behind the scenes, Tide partners with ClearBank to provide the account infrastructure and hold your money. Because your deposits sit with ClearBank, they’re eligible for FSCS protection up to £85,000 per person.
So if the worst happens at the banking level, you’ve got a clear safety net.
Your access is secured with two-factor authentication, and you can set transaction limits to reduce risk from unauthorized activity.
Tide also holds ISO 27001 certification, underscoring strong information security practices that safeguard your data as you operate day to day.
- Confidence
- Control
- Clarity
- Security
- Peace of mind
Is Tide Regulated and Who Oversees It
Curious who keeps Tide in check? Tide’s authorised and supervised by the UK’s Financial Conduct Authority (FCA).
The FCA operates independently of the UK Government, so it provides impartial oversight and holds Tide to clear standards.
You benefit because Tide must follow the Electronic Money Regulations 2011, the rulebook for electronic money institutions. These regulations cover how Tide issues e-money and, crucially, how it safeguards your funds.
Under the FCA framework, Tide has to keep customer money protected and separate from its own finances.
Tide also partners with ClearBank, a fully regulated UK bank. That partnership lets Tide deliver banking services while staying compliant with FCA requirements.
In short, the FCA sets the rules, ClearBank provides regulated infrastructure, and Tide follows strict safeguards designed to protect you.
FSCS Coverage Limits, Joint Accounts, and Temporary High Balances
Although your money’s covered, the limits matter: the FSCS protects up to £85,000 per eligible person, per institution for deposits at UK‑authorised banks, building societies, and credit unions (including Tide via its banking partner).
Joint accounts double that protection to £170,000 for two holders—£85,000 each.
If you’ve got a temporary high balance—say from a home sale or inheritance—you’re protected up to £1 million for six months.
Always check the bank is UK‑authorised and whether multiple brands share a single banking licence, as that can cap your combined coverage.
- Peace of mind when life’s big payments land
- Relief knowing joint savings are split and protected
- Confidence during stressful moves or windfalls
- Clarity on licence sharing and limits
- Control to organise funds within FSCS caps
Is Tide Money FSCS-Protected via ClearBank
Because Tide partners with ClearBank, a UK‑authorised bank, your eligible Tide business deposits are protected by the FSCS up to £85,000 per person.
ClearBank holds your money in a safeguarded account, so if ClearBank were to fail, the Financial Services Compensation Scheme would compensate you up to the statutory limit. This protection applies to Tide business current accounts and aligns with UK banking regulations.
You can confirm coverage by looking for Tide’s FSCS Protected badge and reviewing Tide’s Firm Reference Number.
The partnership means your deposits sit within ClearBank’s FSCS protection, not a separate Tide scheme, but the outcome is the same: you’re covered up to £85,000 per eligible person.
If you hold other deposits with ClearBank under different brands, the £85,000 limit is shared across those combined balances.
How to Use the FSCS Protection Checker Effectively
Now that you know Tide deposits sit under ClearBank’s FSCS umbrella, use the FSCS Protection Checker to confirm your own coverage accurately.
Start by entering the provider’s name or, better, the Firm Reference Number (FRN) for precise results. You’ll usually find the FRN on the bank’s website or by asking the firm directly.
Review the compensation limits shown and note any references to shared licences that could combine balances across brands. Use “+ add account” to include all your accounts and see your total protected amount.
Treat the checker’s output as guidance—confirm key details with the firm before making decisions.
- Peace of mind, finally quantified
- Relief when your totals fit under the cap
- Clarity replacing nagging doubt
- Control over scattered balances
- Confidence to plan ahead
Common Pitfalls: Shared Licences, E‑Money, and Unlisted Providers
Even when you’ve checked your balances, three traps can still trip you up: shared licences, e‑money, and unlisted providers.
Shared banking licences can quietly shrink your coverage. If two brands sit under one licence, all your money across them counts toward a single £85,000 FSCS limit.
E‑money is different. Firms like Tide aren’t banks, so their own accounts aren’t FSCS‑protected. However, Tide holds customer deposits with ClearBank, so those funds benefit from FSCS protection via ClearBank’s banking licence.
Watch for unlisted or cloned providers. If a firm isn’t on the FCA’s Financial Services Register—or it’s flagged—your money may not be protected at all.
Always verify the provider’s Firm Reference Number (FRN) and check the Register regularly for warnings before you deposit.
Practical Security Tips to Keep Your Tide Account Safe
Four simple habits go a long way to keeping your Tide account secure.
Start with a strong, unique password and change it regularly.
Turn on two-factor authentication so a stolen password isn’t enough to break in.
Use your phone’s biometrics—face or fingerprint—for quick, secure access.
Check your transaction feed often and report anything odd immediately.
And before sending funds to a new recipient, slow down and verify who they are.
- Protect what you’ve built—lock it behind a password only you know.
- Add a second door with 2FA, so intruders stop at the threshold.
- Trust your touch or face; biometrics make access both safe and simple.
- Spot trouble early by reviewing activity with clear eyes.
- Pause, confirm, and pay only when you’re sure.
Conclusion
You’ve got solid tools to check and protect your money with Tide. Understand how FSCS works, know Tide’s setup with ClearBank, and confirm coverage limits—especially for joint accounts and temporary high balances. Use the FSCS protection checker, watch for shared licences and e‑money nuances, and verify the exact regulated entity holding your funds. Keep your account secure with strong passwords, 2FA, and vigilant monitoring. Do this, and you’ll bank smarter—and sleep better—knowing where you stand.