Tide vs OakNorth
short answerBoth are traditional neobanks. OakNorth holds its own banking license and pays yield on balances. Compare custody, license, FX markup and fees field by field below.
Tide: 1M+ SME members (UK + India).
OakNorth: Profitable SMB lender-bank.
Side by side
| Tide | OakNorth | |
|---|---|---|
| Category | traditional | traditional |
| Audience | SMB & startups | SMB & startups |
| HQ | London, UK | London, UK |
| Founded | 2015 | 2015 |
| Custody | Custodial | Custodial |
| Regulation | E-money institution | Licensed bank |
| License detail | E-money; deposits via ClearBank | Full UK banking license (PRA/FCA, 2015) |
| Card | MC · Business debit | No card |
| Cashback | Cashback (plan) | — |
| Yield | — | Competitive savers |
| FX markup | Free plan 2.75% FX on non-GBP card txns; Smart/Pro/Max 0% (UK business) (2026-07) | — |
| Services | — | — |
| Stablecoins | No | No |
| KYC | Yes | Yes |
| Regions | Europe | Europe |
| Reported users | — | — |
go deeperFull profiles: Tide · OakNorth — or run your own comparison of up to four in the directory.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.