Cash and cheques
Not all e-money accounts enable cash deposits, but Tide does. This can be done at any Post Office for £1 per deposit or a PayPoint for 3% of the deposited amount. Just hand your Tide card with the cash to the person at the till who will then count and register the deposit.
Post Office deposits should reach your current account the following working day if deposited before 6pm. PayPoint deposits appear in your account much sooner; around 10 minutes after the deposit was processed.
The maximum that can be deposited in a day is £500 (min. £10 per deposit), which could be a limitation for those with a steady cash flow from a retail or hospitality business. Other currencies than GBP are not accepted.
You can withdraw cash from any ATM accepting Mastercard. The daily withdrawal limit is £500 for all users.
There is no way to deposit cheques into your Tide account. If HMRC, for example, issues a cheque, you will have to ask HMRC to give you the money via bank transfer instead. It could also have implications if you’re closing the Tide account, because remaining funds can only be returned to you via bank transfer rather than a cheque – unless, of course, you withdraw all the money from a cash point.