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