Not quite sure if this is the right place to post it - please reclassify appropriately if not.
I have been advised by the accountant to open another bank account as 1) cash reserve >80k and 2) I am nearing the free banking period with current back.
I have opened Starling bank which provides free banking and offers FSCS protection but was looking at Tide. I know they dont have the said protection but rather keeps the funds in a protected Safeguarding account. Can't find much but was ted nervous going with the bank with no FSCS protection.
Any views are appreciated.
Ps: Tide are offering £90 signup bonus at the moment
I have been advised by the accountant to open another bank account as 1) cash reserve >80k and 2) I am nearing the free banking period with current back.
I have opened Starling bank which provides free banking and offers FSCS protection but was looking at Tide. I know they dont have the said protection but rather keeps the funds in a protected Safeguarding account. Can't find much but was ted nervous going with the bank with no FSCS protection.
Any views are appreciated.
Ps: Tide are offering £90 signup bonus at the moment
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