I opened a business bank account with Tide in March 2023. We received our customer invoice payments into our account without issue for around 1 month, at which point Tide "temporarily paused" the account with a balance of £27k. This prevented any transactions from being made or received and halted all our cashflow. The business could not process refunds, could not pay its own invoices or suppliers and £27k is a large sum for a small business to have frozen. Tide cited regulatory checks and procedures that they were required to perform and requested supporting documentation, which was provided. It has now been 53 days and the account still remains "temporarily paused". I have complained to Tide's complaints department, who actually upheld the complaint and offered £100 in compensation, however the issue was not resolved and the account still remained paused;. I have now submitted a complaint to the Financial Ombudsman Service as I have nothing but unhelpful "I'm sorry we do not have an update" responses from Tide's Customer Service. If you are a small business, learn from our mistake and avoid Tide like the plague.